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dws

04/30/03 12:32 PM

#21912 RE: Dishfan #21908

Frank,
You penned my thoughts exactly. Thanks for all that you bring to the board.
dws
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Corp_Buyer

04/30/03 12:33 PM

#21913 RE: Dishfan #21908

"As soon as I find.. management is.. self-serving, I will sell" - then you should sell now. While your support for management is noble, where do you place your own interests in your priorities? Tell me, what is your threshold limit for dilution from ISO? If Management requested the returns on 99% of your investments would you approve it?

I really would like to know your sincere thoughts on these questions.

Corp_Buyer




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rmarchma

04/30/03 1:01 PM

#21931 RE: Dishfan #21908

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.