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mschere

02/22/03 2:43 PM

#10760 RE: texb #10752

your assesment holds a lot of water..But Nokia TDD contract has not been a source of IDCC income but rather an expense of IDCC as a result of the $58 million cap placed by Nokia and agreed to by IDCC..How does the Publishing of the TDD contract fit into your otherwise valid points? TIA
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laranger

02/22/03 3:10 PM

#10764 RE: texb #10752

I was not aware that outside auditors got involved in compliance with SEC regulations.

I always thought SEC compliance was a specialty in itself. The complexities are so great, they are often overseen by an outside lawfirm which specializes in compliance. (Especially with smaller firms, like IDCC).

Your theory is very plausible, and is now high on my list of possibilities. But can you elaborate a bit on outside auditors straying from accounting responsibilities, into the SEC arena?


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DAI_UY

02/22/03 3:44 PM

#10773 RE: texb #10752

texb: Your theory is the most plausible I've heard so far and corresponds with my own reading of relevant passages from SEC Instructions for Form 8K and Item 601 of Regulation S-K relating specifically to exhibits.

For anyone interested in these references, links to the SEC site follow:

http://www.sec.gov/divisions/corpfin/forms/8-k.htm

http://www.sec.gov/divisions/corpfin/forms/regsk.htm#bits

(Note: To get to Item 7(c) of the first link requires scrolling 80% to the bottom of the page.)


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rmarchma

02/22/03 4:46 PM

#10777 RE: texb #10752

Texb re why the SEC dislosure of certain contracts

I have read many very good and plausible reasons indicated by various posters. I personally think that yours might be the best reason advanced thus far. BTW I know that you are interested in various states of incorporation. Do you have any idea why IDCC Corp. is incorporated in Penn, whereas the licensing subsidiary ITC is incorporated in Delaware?
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cls

02/22/03 10:00 PM

#10811 RE: texb #10752

Texboomer...your understanding of the 8K filling makes good sense, also might add SEC is cracking down on reporting methods.
cls