I sat right next to him I never heard .50 cents a share. The Markman ruling was not out yet. Although I don't speak to Cliff, he strikes me as very conservative. He reminds me of a doctor who always point out the ten percent chance that something is fatal when in fact it is curable 90 percent of the time. New set of facts, a change in the business structure(8K) and a new licensing strategy coupled with an announced Markman victory might change his outlook to maybe 50-50. One big settlement to break the dam and he might even purchase a share.
GL