Great article in Seeking Alpha. With $600 million in cash IDCC must be on someone's radar screen as a take-over target. IDCC greatest asset is its cash hoard and its intellectual property so a takeover would provide an immediate infusion of cash while maintaining licensing rights.Also some of the IDCC executives are holding options which makes their cash strategy even more perplexing.
Caution: IDCC feels pressured to reduce its cash position so they go out and make an acquisition that doesn't make sense.
"<<Caution: IDCC feels pressured to reduce its cash position so they go out and make an acquisition that doesn't make sense.>>"
I realize there is new blood toward the top. But if history is any guide, they do not feel pressured to do anything they do not think will profit them. I do not mean to come off sounding sour grape crybaby (Lookingforopt) but this mgmt issue has been one bash the majority on these boards seem to all agree on.
So I guess I am saying this could be a good thing? Now I am confusing myself again.
IDCC and QCOM are the 2 leaders in LTE, which will provide strong royalties for IDCC.
IDCC is clear leader in Machine-to-Machine, which I read on investorshub is one of technologies used in controlling of electronic smart grids. Many internet columns on importance of electronic grid control in the last month because of hacker attempts to affect electronic grids.