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IDCC Market Currents
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May 4 InterDigital (IDCC +6.5%), hammered last week by a poor Q1 report, is rallying after announcing a $100M stock buyback program, good for repurchasing 8.1% of all shares at current levels. In addition, the 3G/4G patent holder is guiding for Q2 revenue of $71M, above a $67.1M consensus. The guidance is partly due to the sale of 4 patent families, which InterDigital says is unrelated to its efforts to unload larger portfolios.
1 Comment[Tech, On the Move, Earnings]
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at MarketWatch.com (Jan 24, 2012)
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at MarketWatch.com (Jan 24, 2012)
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at CNBC.com (Jan 24, 2012)
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at MarketWatch.com (Jan 24, 2012)
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at MarketWatch.com (Jan 24, 2012)
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Company Description
We design and develop advanced digital wireless technologies for use in digital cellular and wireless IEEE 802-related products and networks. We actively participate in and contribute our technology solutions to worldwide organizations responsible for the development and approval of Standards to... More
