spree, I will answer for Jim. The numbers support 100 share price IF and remember even though if is only two letters long, if is a huge word, if IDCC is successful in licensing the other top tier manufactures. Read Tom Carpentars report where he states conservatively that if we were to license the top manufacturers we could be looking at net income per share of $3.54. Using his numbers, he says a reasonable multiple is 20-25 times earnings. That translates into $70.80 to $88.50 based on conservative estimates and multiples. If additional analysts come on board, they could come up with higher multiples or higher earnings projections. My earnings projections are actually a few dollars higher per share under ideal conditions, like close to double that of Carpentar. So the numbers do justify $100 IMO IF UB is successful in signing the big licensees. When do we hit $100 will be dependent on when we sign the deals in my opinion. Obviously take the above with a grain of salt as anything you read on a message board could and probably is pure junk.
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