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IMO-We are in the perfect storm for a private equity buyout bid. The market cap is so out of wack with the underlying value of the patent portfolio, that I can't believe that John Paulson isn't salivating behind the scenes, while forming a group to make a bid. This would become a virtual printing press for profits for a PE LBO. If Merritt is even close in his prognostications of revenue for the next 3-5 years, then coming back with an IPO would be a no brainer and put a lot of smiles on everyone's face. The risk/reward of making a $50 per share bid-doubling today's share price would certainly be accepted by the 66% institutional shareholder base-would more than likely start the ball rolling with competing bids coming over the top. Paulson would be in a win/win situation, either being involved with a group that stole IDCC for $50, or getting the ball rolling for a bidding war. No more court decisions, bungled license agreements, piecemeal selling of bundled patents, and more importantly taking care of the TIME variable that has plagued this company forever. To paraphrase a legendary message board poster-this is a SCREAMING BUY.....OUT!
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