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InterDigital (IDCC +6.5%), hammered last week by a poor Q1 report, is rallying after announcing...

  • Friday, May 4, 2012, 2:45 PM ET
    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.
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    (IDCC) is one of the the ugliest charts we have ever seen but 6000 $4G patents and a stable of Attorneys.Perfect Acquire for AAPL a 10 or 15 to one stock swap would be great for both companies.With Samsung and others ripping off AAPL IP with "knock-off" iPhone and iPad clones they need aggressive IP defense. We actually believe this is Apple's #1 risk over time theft of IP.We have been building a small position for a spec on pullbacks.They pay a small dividend and just instituted a $100 million buyback pretty strong LOTS of cash.APD
    4 May 2012, 04:56 PM Reply Like
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