Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jim Lurgio who wrote (4897)	3/20/2003 4:14:20 PM
From: Gus	Respond to of 5195

Hey Jim. I agree. 1,936 insitituions own 61% of the float in QCOM while only 186 institutions own 32% of the float in IDCC. I think IDCC is quite aware that they have to keep on improving the liquidity of its stock so more institutions can establish larger positions or trade in and out with less friction. Regarding future contracts, IDCC now has revenue exposure to 60%-70% of the maturing 2G handset market and less than 15% of the embryonic 3G handset market so most of the new contracts will likely come from 3G. I think the fate of the 3G Patent Platform -- inagurated in Paris in mid-1999 -- is genuinely up in the air so I don't know how that will affect IDCC's ongoing 3G negotiations. As you know, the 3G Patent Platform has always contemplated that a handful of US companies will aim to work outside the parameters of the platform, which is patterned heavily after the MPEG patent pool. I'm not too worried about that, though. Unlike 2G where IDCC adopted a more confronational legal stance, IDCC has worked much more closely with the 3G standards bodies. Again, it is worth noting the issue of proportionality. IDCC doesn't have to dominate 3G the same way as QCOM to do very well. 2G is already producing more than 2x-3x the royalty per share of QCOM. 3G can only increase that visibility. IDCC can afford to wait. So can we.<g>