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By: MJPLIFE11 in IDCC | Recommend this post (0)
Thu, 17 May 12 11:04 PM | 489 view(s)
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Msg. 45190 of 48237
(This msg. is a reply to 45189 by j70k)

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Failure by the Legal Team
Trying to find out more information regarding the delay in the decision, I decided to call the clerk's office to check the status of the case.

The gal I talked to indicated that it was very unusual not to have a single entry since January 2011's oral rebriefing entry. She indicated that the delay IS unusually long in the case (but couldn't tell me why) and she thinks (but isn't fully sure) that it may be the longest pending case before the CAFC at this point. She did say there weren't any unusual or surprising developments with the panel itself (they are all still sitting, etc.).

She indicated that there are two avenues that can be pursued. First and most obvious is that either party can file a motion with the CAFC to get a status update to prod the court to reach a decision. (She confirmed that neither party has done this....not surprising in Nokia's case since it won but I find this somewhat surprising given how important the decision is to IDCC.) Second, the parties can attempt a petition to the Supreme Court to intervene in the name of justice (as timeliness is part and parcel to the concept of justice).

Given these additional avenues to pursue...the question arises as to WHY management and its legal team is not pursuing either of these avenues. (Is it waiting until it is the longest pending CAFC decision in history before begging the question?) It appears to me that this delay is interfering heavily with both the previous strategic review and current licensing efforts so unless management is less confident than they have indicated...they should be doing EVERYTHING they can legal do to get a decision published.

VG


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The above is a reply to the following message:
Paulsen increase
By: j70k
in IDCC
Thu, 17 May 12 10:35 PM
Msg. 45189 of 48237

I find it hard to believe that John Paulson is taking a nearly 10% stake in IDCC because he sees value in 3-5 years. I think that sometime this calendar year, we will see a bid for the company in the $45-$50 range from a private equity group. With 64% institutional ownership, a bid in this range would sail thru. The main problem this company has, as a publicly traded entity, is the TIME variable(something that I didn't see when I looked at their business plan). Merritt calls this problem a lumpiness in earnings, but what ever you call it, a credible DCF model is hard to come by. This company would benefit greatly by going private and getting its' act together. When they are able to monetize their patents in a more orderly fashion, then an IPO could be issued, that of course would be extremely profitable to the group that took them private. Seems all too logical, and maybe Paulson taking a sizeable position, is the indicator that something is up. JMO


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