Intel's (INTC) Move for InterDigital's (IDCC) Patents is All About Mobile
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Price: $92.13 -0.72%
Rating Summary:
24 Buy, 39 Hold, 4 Sell
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Today's Overall Ratings:
Up: 5 | Down: 4 | New: 11
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 4 | New: 11
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RBC analyst Doug Freedman made some quick observations on Intel's (Nasdaq: INTC) decision to buy 1700 patents and patent applications from InterDigital (Nasdaq: IDCC) for $375 million in cash.
The agreement is related to 3G, LTE, and 802.11, he notes.
For Intel, the acquisition has a two-fold meaning: 1) supports Intel's growth ambitions in the mobile segment; and 2) strengthens IP portfolio and position to complete in indemnity cases.
The agreement is related to 3G, LTE, and 802.11, he notes.
For Intel, the acquisition has a two-fold meaning: 1) supports Intel's growth ambitions in the mobile segment; and 2) strengthens IP portfolio and position to complete in indemnity cases.
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