People currently believe smartphones or even typical 3G phones will be sold like hot cake (no recession) but yet many believe IDCC could slow down and probably burn thru the cash it has.
IDCC is really in a bad place at the moment.. If the whole Market corrects, people will start thinking of slowing sales in handsets.. IDCC will likely take another hit... The only things to prove its worth is the 3Q earning.
In the meantime, if you think IDCC can meet the number or beat, it's a continuous buy.. If not, this thing is going down further.