InterDigital Inc (IDCC)

[nieves]

InterDigital Communications downgraded to "long term buy"

Friday, June 02, 2006 11:12:58 AM ET
Hilliard Lyons

NEW YORK, June 2 (newratings.com) - Analysts at Hilliard Lyons downgrade InterDigital Communications Corp (IDCC.NAS) to "long term buy." The target price is set to $34-$39.

In a research note dated June 1 and published this morning, the analysts mention that the company's share price has appreciated 55% year-to-date, as compared to a 1% decline in the NASDAQ Composite. InterDigital Communications has settled its dispute with Nokia, recognized revenues from Panasonic and licensed several deals with LG Electronics so far in the quarter, the analysts say. The company is expected to sign several $100 million-plus deals during the rest of the current year, Hilliard Lyons adds.


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