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InterDigital, Inc. Message Board

  • jackgotney jackgotney Sep 23, 2011 9:25 AM Flag

    Price Target $118 Mpartners

    Mpartners Report on IDCC:
    MPartners Report (9/23/11) - "IDCC Announces Technology Conference Participation" (full report)
    MPartner's Morning Note (9/23/11) "IDCC Announces Technology Conference Participation" is now at WirelessLedger.com.

    Download/View Report

    “BUSINESS AS USUAL” EVENT HAS NO BEARING ON EVERCORE INITIATIVE

    * Yesterday after market close IDCC announced that several company representatives would be speaking at GigaOM Mobilize 2011 on September 26th and 27th, 2011.

    * In conjunction with yesterday morning’s dividend announcement, the company continues normal operations amid the Evercore and Barclays led process.

    * The company has stated that investors should not interpret the announcement as meaningful and participating in the conference should be construed as neutral to the process announced on July 19th.

    * We would like to take this opportunity to remind investors that InterDigital entered a patent evaluation and bidding process with Evercore and Barclays Bank after receiving interest from parties engaged in the Nortel patent auction. We believe that the company would not have undertaken this transformative task if the perceived benefit to shareholders was not substantially greater than the fundamental value of the company. Our previous fundamental stock price was $65.50 (excluding the subsequent potentially positive impact on fundamental value associated with litigation initiated against Huawei, ZTE, and Nokia announced on July 26th, 2011).

    * We also re-iterate that a transaction could result in a sale of all or part of a patent portfolio, or, of the sale of the entire company. We reiterate our BUY recommendation and $118 share price target.

    http://www.investorvillage.com/smbd.asp?mb=65&mn=57558&pt=msg&mid=10977597

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    • Re-post for emphahis: "We would like to take this opportunity to remind investors that InterDigital entered a patent evaluation and bidding process with Evercore and Barclays Bank after receiving interest from parties engaged in the Nortel patent auction. We believe that the company would not have undertaken this transformative task if the perceived benefit to shareholders was not substantially greater than the fundamental value of the company. Our previous fundamental stock price was $65.50 (excluding the subsequent potentially positive impact on fundamental value associated with litigation initiated against Huawei, ZTE, and Nokia announced on July 26th, 2011).

      • 1 Reply to bigdogtone7
      • IDCC $118 is pie-in-the-sky.

        Markets would have sensed this already and IDCC would have been trading higher.

        IDCC languish in the 50s the last 3 days - interpretation? Very secret until the end surprised high offer, or information already leaked out.

        Could be offered taken off the table, as bids are too low. Then the 2 month wait is in vain!

 
IDCC
49.98-1.43(-2.78%)Jan 30 4:00 PMEST

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