InterDigital Inc (IDCC)

[nieves]

Wall Street Journal: Tech-bubble reminder? InterDigital shares soar
May 30, 2003, (Wall Street Journal /FT Information via COMTEX) -- InterDigital Communications Corp shares have risen by as much as 44% since the company agreed to settle a patent dispute with Ericsson Inc and Sony Ericsson Mobile Communications AB. Some analysts expect the share price to climb to as high as $40 -- from $6.22 in August, but others say the jump is driven by overly optimistic expectations. Critics noted that the rally in InterDigital shares was fueled by news that the company could get millions of dollars from the settlement with Ericsson and similar deals with Nokia Corp and Samsung Electronics Co. However, they said some insiders were so uncertain about the company's future that they were forced to sell more than 615,000 shares during the past 12 months.
Abstracted from: The Wall St Journal (US Edition)
Copyright 2003: Financial Times Information. All rights reserved
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