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Dougherty responds to the failure of InterDigital's (IDCC -18.5%) "strategic review" to produce...
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Tuesday, January 24, 2012, 2:04 PM ETDougherty responds to the failure of InterDigital's (IDCC -18.5%) "strategic review" to produce a sale by downgrading shares to Neutral. With no suitor on the way, InterDigital now has to contend with an unresolved patent dispute with Nokia, and market share losses (I, II) for licensees Research In Motion and HTC. However, Barclays sees InterDigital's Q4 results as a reason for hope.
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