As if being short IDCC as it has run up over 50% in the last few months isn't enough...the Co. will soon get another $100 million from Samsung, driving cash&sti over $500 million! I was exclaiming four months ago about how stupid it was to be short a company (in the high teens then) when they had the entire market cap as cash on hand, and without debt. Yet we have a kept a huge short position all the way up! It is generally not a good idea to short a stock at or below its book value--especially if they are in a good space. Wireless phone data/internet/cloud computing is set to explode over the next five years, and that happens to be right in IDCC's wheelhouse! I would cover before earnings.
How would like to have been short IDCC over the last six months? I can't believe folks put up with such pain. Just buy the stock. It is in a great space for the next few years and 600 million in cash as of this summer should help mitigate the risk. Should have a monster qtr! Going to get a lot of attention.
IDCC is surely the benefit of INTC report - Wow take it easy all.
IDCC IS NOT moving up because of reasons others know and you don't. face it - you are going to bitch and complain very soon.
It is looking like Intel's numbers are going to cause a big tech rally, barring something weird. Everyone expecting a pullback, short interest highest in months (for the whole market), squeeze on the entire market would be an interesting outcome...we'll see.
They must have about 500,000,000 right now in cahs and ST investments. They had $400 million in cash and short term invs as of the end of the previous quarter. Then they received another $100 million in Jan 2010. When they receive their next paymnet they will have $600 million in cash and STIs (about $13 / share in cash and ST investments). I would love to see a one time dividend of $10! It seems they have nothing else better to do with it. They'd still have a cache of $150 million and some happy investors.