InterDigital Inc (IDCC)

[Goodbuddy4863]

Jury clears ZTE of infringing InterDigital patent:

A Delaware jury has ruled ZTE didn't infringe InterDigital's (NASDAQ:IDCC) '151 patent. Back in October, ZTE was ruled to infringe InterDigital's '966, '847, and '244 patents, but a mistrial was declared on the '151 patent (USPTO filing).
InterDigital: "While we're disappointed by today's jury decision, we feel overall that our Delaware actions against ZTE are successful in highlighting the strength of InterDigital's contributions to worldwide core wireless technology ... We look forward to the damages phase of the proceedings and hope that, overall, the results of our Delaware actions will be helpful in facilitating discussions with ZTE and others that lead to fair and reasonable license agreements with InterDigital."
IDCC -1.9% AH to $51.65 AH. Shares briefly fell in regular trading following initial reports about the ruling (before InterDigital issued a PR), but closed up 1%. Q1 results arrive on April 29.


http://seekingalpha.com/news/2445536-jury-clears-zte-of-infringing-interdigital-patent?auth_param=4r2n7:1ajg9h5:950b83ce9b8dee7c222754c58f65d7ac&uprof=46