If you see below they say they are expanding from Evercore & Barclay to talking to others "beyond a sale of the whole company".
How can one sell "beyond" the whole company first off. You sell the company and your done.
In recent days the company has been seeking informal advice from financial advisors in Silicon Valley about options it could pursue <<beyond a sale of the whole company>>, said a source familiar with the matter. Barclays Capital and Evercore are InterDigital’s announced advisors.
What I make of it is that IDCC was not happy at all with the first round bids. Not just that they were on the low side (within reason, to be expected in a first round) but also that they were not for the whole company and were not from the "power players." In order to keep the stock from collapsing back into the $30's, IDCC is making the rounds of the power brokers in Palo Alto and Menlo Park to see whether anything (a joint venture, an asset sale) can get cobbled together before the BOD has to file an 8K and concede that "you know that whole strategic alternatives thingy we undertook...well, it just did not work."
"The person called the process active but also said that there are no clear milestones that would trigger the next event in the process. The person said that the expressions of interest were not made as part of first round bids but came about as an on-going process."
Weren't we to have first round bids by last Friday and second round bids this week. That's what they said. Now there are no clear milestones that will trigger the next event (what is the next event?) so we are now all loosey goosey trying to feel our way to selling..