IDCC CEO said he is tired and he wants to sell the company. In my very limited market experience, it seems to me that the most likely takeovers are those where the management has told potential suitors they wish to be acquired.
Hence, smart money is lining up as they know this is not just a bs rumor but probably a stock that is really in play.
IDCC has over 8000 patents maybe 9000 not sure of the numbers and what is happening now is a dance of suitors are looking at the company.
I think with IDCC you have a situation that is ideal for longs.
It is not whether or not it gets taken out but when and at what price.
not sure there is really an advantage to being 1st to bid...goog bid 1st for nortel and was overbid 4x...seems to me the consortium appproach is the way to go as it lowers the payment for each firm...these guys are in it to make handsets not to collect royalties...4 firms biddong 2billion each accomplishes the same as 1 firm bidding 10 bill...no?