InterDigital (IDCC +1.1%) spikes to highs of the day on renewed speculation, launched weeks ago,...

|By:, SA News Editor

InterDigital (IDCC +1.1%) spikes to highs of the day on renewed speculation, launched weeks ago, that the company is an attractive target for Google (GOOG -3.2%) and others. In its attempts to acquire more patents, Google needs to build a “moat” of its own patents to avoid future litigation battles, and IDCC would fit the bill.