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Technology Stocks : Interdigital Communication(IDCC)

IDCC 370.92

+0.4%

10:19 AM EST

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To: Sisofsix2 who wrote (3305)	1/12/2000 3:22:00 PM
From: moat	Read Replies (2) of 5195

<<IDC threw QCOM a bone ...>> I am afraid you got that in reverse. They settled that whole thing for $5.5m .... The press release said: ``We believe that we do not infringe the InterDigital patents at issue, but we recognize that legal actions can continue for several years through trials and appeals,' said Dr. Irwin Jacobs, chief executive officer of QUALCOMM. ``This settlement agreement permits us to focus our efforts on commercializing our CDMA products and technology without diverting our attention to time-consuming and costly litigation. QUALCOMM and our licensees can build and sell IS-95-type CDMA equipment around the world without concern for patent-infringement suits by InterDigital." It was simply a smart business decision for Qualcomm to pay the $5.5m so it could move-on, and tell its customers to not worry about this suit from Interdigital's lawyers. Interdigital had nothing useful to Qualcomm. Qualcomm's management was smart to pay the $5m back in 1994 and 'move-on' -- to rollout mobil-CDMA -- as they did. If Interdigital did have useful stuff, then why did they settle for a mere $5.5m? Answer: Interdigital had nothing.

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