Dishfan re 2002 option grants, I have to disagree with your following statement:
...."In 2002 management received no new options. It should be very clear that management does not intend to use all of the options for themselves. "
From page 26 of the proxy re 2002 option grants as follows:
...."Howard E. Goldberg, President and Chief Executive Officer
0
William J. Merritt, Executive Vice President and General Patent Counsel
0
Alain C. Briancon, Executive Vice President and Chief Technology Officer
2,250
Mark A. Lemmo, Executive Vice President, Product Management and Business Development
0
Charles R. Tilden, Executive Vice President and Chief Operating Officer
0
Executive Group
29,000
Non-Executive Director Group
151,000
Non-Executive Officer Employee Group
111,819
Of the 1.1m options granted in 2002, IDCC's management and directors still received almost 300,000 new option grants. This is in addition to the totally outrageous amount of options that they received in 2001.