Replies to post #146923 on InterDigital Inc (IDCC)

[TFWG]

DD, very nice job. I wonder if our pennwee will finally understand he doesn't know sheet about accounting. I've told him this before; maybe your post will finally get through!

Best,

Bob

PS Thank you for taking the time to read his dribble. I've all but stopped. He is very annoying.

[Corp_Buyer]

DD thanks for the example, which pinpoints your incorrect assumptions, as compared to the current reversal with IDCC.

This is not an entirely balance sheet effect reversal. This reversal affects the P&L, contrary to your example. Why do you keep ignoring the P&L effect, which the company has clearly disclosed?

How much P&L effect? Just enough to trigger over 101% achievement and another $3.4M LTCP payment to management, that is how much P&L or FCF effect. Why can't you get this?

You keep assuming a balance sheet only reversal effect. And, you ignore that this reserve account saves cash taxes actually paid, right? Why do you refuse to acknowledge that less taxes paid is a cash benefit?

Please lift your head up and see the big picture here.

MO,
Corp_Buyer