Predicting the short-term isn't something I'm very good at.

At a guess...a remand is a 15% upward push immediately. It could be more depending on how clear the language of the ruling is. Given whatever is delaying the ruling, I would expect some initial confusion when people start to read the decision.

If it's clear, I think we trade back up to $60 over the next month or so on expectations that Nokia settles...with the accompanying change in sentiment toward signing the rest of the 3G market.

My personal price target is still the $100-$125 range...which assumes a Nokia settlement and license and broad 4G licensing by late next year.

VG