Think about what you just said because you pretty much nailed it. 6B is very close to reality. There is an article going around which says 9 to 11B but I think "that" is a little too optimistic. This would be a far far long shot and could only happen if an ego fueled bidding war started between at least 2 if not 3 large entities.
So what does 6B equal with 45M shares outstanding? Well I am glad you asked. 6B/45m = 133 dollars per share minus the few 10's of millions that management will undoubtedly figure out a way to pay themselves. I am thinking 120 to 125.
There is absolutely no danger holding at this level. No worry about losing profits. Sleep well.
Well there is one thing which concerns me. And that is this Carl Icahn character talking about Motorola selling its IP. Even though I believe it is inferior to IDCC's IP, Google could use it as a ruse to talk IDCC down, by saying that they might consider buying MOT if IDCC doesn't come in with as good price.
Idcc patents are mostly for 4g phones. Goog wants to be ahead which is why goog approached idcc. This is why it's hard to put a face value to their patents. One thing for sure is their patents are worth more than motorila and nortel.