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InterDigital (IDCC +0.6%) has launched an R&D JV with Sony (SNE -0.3%) focused on...

InterDigital (IDCC +0.6%) has launched an R&D JV with Sony (SNE -0.3%) focused on machine-to-machine (M2M) mobile connectivity. The JV, called Convida Wireless, is being announced less than 3 months after InterDigital announced a restructuring in which the company will pare back its R&D spending and focus more of what it does spend on "market-ready technologies" such as M2M. The JV agreement also features a Sony license for InterDigital's 3G and 4G IP.
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