InterDigital Loses ITC Case Vs. Nokia; Stock Falls - Eric Savitz (Barron's)

Sign Up | Log In | What is SocialPicks?

InterDigital Loses ITC Case Vs. Nokia; Stock Falls
Oct 19, 2009 01:28 PM UTC

Eric Savitz (Barron's)

Percentile Score: N/A

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
IDCC	n/a
NOK	n/a

Via BARRONS.com: Tech Trader Daily - Barron's Online:

InterDigital (IDCC) shares are trading lower this morning on new that the International Trade Commission on Friday ruled against the company in a patent infringement case against Nokia (NOK). The company said that the administrative law judge hearing the case found that InterDigital’s patents were valid, but that they were not infringed by Nokia’s 3G products.

InterDigital said in a statement late Friday that it “strongly” disagrees with the ITC finding, and that it is “considering a number of options” in response.

IDCC this morning is down $2.68, or 11%, to $21.76.

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.