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Re: fung_derf post# 438

Tuesday, 03/14/2017 1:41:49 PM

Tuesday, March 14, 2017 1:41:49 PM

Post# of 463
Interdigital has been involved in wireless technology for about forty years. They are a mobile technology research and development company and license a very broad patent portfolio to the world's leading wireless companies. They are a prime contributor to global wireless standards and they are positioned to be a key player in 5g and IOT.
They are about a 2.9B market cap and the shares have soared in the past year. Stock price hit a high over $100 a month ago and have settled now +/- $85. They reported record fourth quarter and full year earnings. They currently expect first quarter 2017 total revenue in a range of between $91 million and $96 million, comprised entirely of recurring revenue.
I referenced IDCC to you because of your comment about 'the beauty of having a stock that holds plenty of cash.' The 10k reported 'At December 31, 2016, we had $952.8 million of cash and short-term investments.'
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