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Re: whats with Barclays cutting us..anyone? 

By: zzfan in IDCC | Recommend this post (6)
Thu, 27 Oct 11 6:01 PM | 270 view(s)
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Msg. 43422 of 48237
(This msg. is a reply to 43419 by h48)

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Now we have a downgrade from Barclay's (Mr. Kvaal). While I understand that the analyst side should have nothing to do with investment banking side, I just have to wonder at the conflicts of interest. Barclay's began coverage at the same time IDCC engaged the banking side for financing in anticipation of Nortel. Once IDCC abandoned its Nortel plans and decided to engage in strategic alternatives via Evercore/Barclays, the logical and prudent thing to do would be to drop the coverage. After all, if the purchase price could be determined on the basis of a multiple of the selling company's market cap, then one would think that Barclays would prefer a higher share price. Additionally, certainly Barclays understands that computers are now reading the news and trading the shares of the subject company. I find the reckless disregard for its client's interest and the lack of professionalism exhibited by Barclays to be under the Mendoza line of the management and shareholder reasonable expectations. I am sure other companies and their shareholders have experienced similar frustrations, but it is uncanny how IDCC somehow gets the short end of the stick on so many fronts.

MO
zzfan




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The above is a reply to the following message:
whats with Barclays cutting us..anyone?
By: h48
in IDCC
Thu, 27 Oct 11 5:38 PM
Msg. 43419 of 48237

this boggles my mind...grrrr!

http://www.cnbc.com/id/45059136


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