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InterDigital (IDCC) falls 18.1% AH after stating it has "concluded its review of strategic...
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Monday, January 23, 2012, 4:18 PM ETInterDigital (IDCC) falls 18.1% AH after stating it has "concluded its review of strategic alternatives" without agreeing to a sale. Shares had soared last summer on hopes that one or more wireless industry players would make a large bid for the company's 3G/4G patent portfolio, but trended lower following Google's purchase of Motorola Mobility.
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This news story has 1 comment:
At current price,the stock becomes much more attractive to potential suitors.
It's hard to believe that something good could not be in the future after their "REVIEW OF STRATEGIC ALTERNATIVES"
I still have faith that the "BOARD" HAS THE BEST INTEREST OF THE STOCKHOLDERS IN MIND.