I am not technically qualified to comment on the wireless standards or the industry. According to IDCC they have parts of the engine and transmission (air interface patents) that will drive the 3rd generation of wireless technology as well as royalties owed for 2G patents, yet to be collected from competitors of Ericsson and Nokia. IMO Wall Street is waiting to see the resolution of the Nokia & Samsung contracts before valuing the company fairly. The short answer is that IDCC could be the next Qualcomm.
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