Replies to post #24449 on InterDigital Inc (IDCC)

[0nceinalifetime]

CorpBuyer, it looks like you have been researching IDCC, good for you! I noticed you mentioned IDCC's stock buyback program (or, more accurately, the lack of it). Anyway, as I recall, management set up some parameters to limit the stock buyback. As I recall they never did buy back enough stock to consume even half of the funds allotted for buyback. I also recall that they were not allowed to pay over $10/share. I thought that was odd, it was like saying we don't think our stock is worth significantly more than $10/share.

Anyone know the current status of the stock buy-back program, ie., could IDCC continue buying shares if they were under $10 or do they plan to raise the limit so they can buy shares at current levels? Personally, I don't know why they would buy more now when they weren't even maxing out purchases when IDCC was under $10.

Any info appreciated,

Once

[blueskywaves]

LOL. You said.....

there are many very significant differences that frankly demonstrate how much more generous the ISO plan is at IDCC as compared to RMBS

......and then you posted this contradictory excerpt which I don't think you even bothered to read or don't even understand.

In the first quarter of fiscal 2000, we granted our Chief Executive Officer and our President a combined total of 2,000,000 Common Stock Equivalents (CSEs) and to our employees approximately 2,160,000 options to purchase our Common Stock at $2.50 per share.

Rambus has a fiscal year that ends in September. How do you explain the size of those executive option grants and the exercise price of only $2.50 per share when the stock was trading between $62.50 and $471.00 during the qualifying period (10/1/99 to 3/31/2000)?

Answer me. Can you even do the friggin math?

LOL. Yooohooooo! In case you haven't noticed, you just undercut your own claim that IDCC's exec compensation is more generous than Rambus! That's probably because you're drowning in the deluge of data that you used to hide your agenda. Whatever it is.

IDCC and RMBS actually have comparable executive salaries and bonuses, BUT, IDCC and RMBS don't have comparable ISO plans because IDCC has deliverred superior stock returns and financial performance. Period.

 
 IDCC vs RMBS 
 Annual Stock Returns 
 2000 to 2002 
 .... 
 ....               IDCC       RMBS 
 .... 
 2000              ( 93%)     ( 46%) 
 2001                79%      ( 78%) 
 2002                50%      ( 16%) 
 

IDCC's 2G litigation is behind it. RMBS' litigation is in front of it. Different risks, different rewards.

You conveniently left out the fact that IDCC has a total headcount of 300 and management (15) owns 18% of all option grants in addition to owning 5% of O/S.

Rambus has a headcount of only 126 but management (11) owns nearly 30% of all option grants in addition to owning 12% of O/S!

I could go on, but you're a waste of time. You won't even correlate IDCC's options grants to its financial and stock performance. LOL.