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WATCH LIST as of 7-10-06 and IDCC commentary

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IDCC Commentary !

IDCC Shares , which makes communications chips, plunged $6.25, or 19.1 percent, to $26.46 in midday trading on the Nasdaq. In the past 52 weeks, the stock has traded between $16.68 and $35.44.

Piper Jaffray analyst Amit Kapur downgraded InterDigital to "Underperform" from "Market Perform," with a target price of $25. Kapur said in a note to clients he sees the company having the potential for a "significant" 3G, or third generation, royalty revenue in the long run.

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