Replies to post #21207 on InterDigital Inc (IDCC)

[stitch81]

F6,How many poison pills are ever triggered? Seem to me that a BOD would have to be really secure to invoke one. Poison pills sound great but are not effective as a realistic way to fend off a takeover.

[redhot]

F6-re hostile t'overs--I am trumped by your information and must give much more credence to 'poison pill' efforts to inhibit 'unwanted' [by management] t'overs. This can leave a majority of shareholders rather disabled in their rights...all depending on the cleverness and machinations of any ensuing litigation. Thx for getting your views across. redhot

[snowblow5]

F6, please explain how much poison there is in the pill for me. Also, what if one was not a shareholder of record on 3 Jan 1997? Are we screwed in terms of getting these rights?
Then which shares are "new common shares issued" after that? How is this ascertained? I bought in during 1999, 2000 and 2001. How would I know if there are rights attached to any of my shares? Then, seems as though I need 1000 rights to be able to get a single share of Series B Junior Participating Preferred Stock at a purchase price of $250 per share, subject to adjustment [whatever that means?].
Bottom line, who really gets any of the poison?