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Technology Stocks : Interdigital Communication(IDCC) -- Ignore unavailable to you. Want to Upgrade?

To: w molloy who wrote (3501)	1/21/2000 5:35:00 PM
From: Gus	Read Replies (1) \| Respond to of 5195

That is due diligence? How can you ask intelligent questions about the royalty stream when you don't even understand the typical structure of a licensing agreement. Read the SEC filings of QCOM, IDC and many others so you will have an understanding for the way upfront fees include a settlement of past infringement and an advance payment for future usage with a schedule of usage-based payments that kicks in once the upfront payments are used up. Is this difficult to understand. Bill has a good explanation of this commonly used licensing agreement on his web site, if you care to look.