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InterDigital, Inc. (IDCC) designs and develops technologies that enable and enhance wireless communications.
It offers technology solutions for use in digital cellular and wireless products and networks, such as 2G, 3G, 4G, and IEEE 802-related products and networks. The company develops cellular technologies comprising technologies related to CDMA, TDMA, OFDM/OFDMA, and MIMO for use in 2G, 3G, and 4G wireless networks and mobile terminal devices; and other wireless technologies related to Wi-Fi, WLAN, WMAN, and WRAN.
Its patented technologies are used in various products, including mobile devices, such as cellular phones, tablets, notebook computers, and wireless personal digital assistants; wireless infrastructure equipment comprising base stations; and components, dongles, and modules for wireless devices. The company also provides interoperability and scalability solutions across various vertical markets, networks, and devices through oneMPOWER platform; and common interface to multiple service providers through wot.io data service exchange for connected device platforms.
As of December 31, 2015, it had a portfolio of approximately 20,400 patents and patent applications related to the fundamental technologies that enable wireless communications.
Shares are in the process of moving higher out of a bullish "cup and handle." The latesT good news for the company came yesterday. The Paris Court of Appeal issued a confidential decisionin in favor of IDCC in a lawsuit. The ruling affirmed an earlier judgment against Huawei Electronics. We expect higher share prices for this stock.
52-Weeks Trading Range: $41.01 - $60.69
Entry Point: $56.50
Stop Loss: $53.65
Target Price: $62.20
IDCC closed at $58.28.
