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

To: Carolyn who wrote (4259)	6/12/2000 12:20:00 PM
From: Frank	Read Replies (1) \| Respond to of 5195

Carolyn, I'm not sure it is a must read, rather, it is a nice summary. Given all this, why isn't IDCC significantly up beyond current levels. Here's just one person's opinion, but it highlights some interesting notions. People cannot face future facts as today's facts without a concrete representation to appropriately discount true future value and correctly value a current security. This is a skill brought out of experience and cannot be gleened from a book. 90% of the current threaded discussion is a re-tread of already extant information, that is both highly technical (hence difficult to understand), and too voluminous (hence for the most part ignored by more than a few people). So, what is the concrete representation? Consider the following: - You're sitting on a beach and have a PC/Palm or whatever. This PC, like a cell phone, can recieve stuff via satilite transmission (much like a Hugh's satilite can take in an Internet stream today using IDCC's stuff). Now, you think, "Gee, these transmissions of data, must be tunnelled and/or linked to some hard wired network in some distant back room," but nope, this isn't the case, because the transmission is actually sent via infared or laser communication to a set of wireless routers (Lucent not Cisco), to some back end box for eventual serving up. Now, while the above represents a nice vision of the future, it is not concrete enough for most people, and won't be for another year or so. It's kind of hard for this vision to crystalize when you're working at a snails pace over a 28.8 modem. The other piece is the lack of value place on KNOWLEDGE and instead on PRODUCT. The paradigm shift is very slow and sporadic for people to truely recognize. Since, IDCC is building a core competence in a highly technical area, and doesn't have a concrete representation that people can understand (a patent is an abstract concept to most people and membership on a standards committee is even more abstract still), value won't be recognized until after the fact of a defined revenue stream. The market is THEORETICALLY supposed to discount all of the above in a price today. Reality is it does not. The low valuation is compounded by the lack of knowledgable insights to summarize meaningful data (One of the role's of a good analyst). Anyway, this is just my 2 cents.