Even if the 'more valuable' IDCC patents sell for half what the Nortel patents sold for (assuming everybody is crazy and can't add), IDCC would be at about $130 a share (which is over 100 by the way). So let's at least agree a 50% discount is being very conservative. But the patent wars have only been heating up since the Nortel sale and IDCC has a much better portfolio of the 4G LTE patents than Nortel did so it is not very likely they will go for less at all. FYI - Peter Misek the 'wireless analyst' having interviewed the bidders in that auction was informed that the bidders were mostly interested in 4G LTE patents. IDCC's 4G LTE patents are unencumbered as license deals are not yet signed. The thing is yeah they have lots of 2G and 3G licenses generating cash though so I think the only way to 'keep it simple stupid' is for an OEM to buy the whole company, and keep it more or less intact as a fully owned subsidiary with complete control and ownership of all the IP.