InterDigital Inc (IDCC)

[GE_Jim]

Schaeffer's Street Chatter Features Chinadotcom, Interdigital Communications, Calpine
August 06, 2003 4:18:00 PM ET

Interdigital Communications IDCC designs and provides advanced wireless technologies. IDCC is active on the message boards today despite any significant news. The company did announce yesterday that it would be a presenter at the Adam, Harkness & Hill 23rd Annual Summer Seminar tomorrow. The equity is down nearly two percent and is trading at its lowest level since March 14. The stock has plunged more than 42 percent from its July 17 close of 25.74. The stock lost nearly 25 percent July 22 after the company said telecommunications giant Nokia was resisting IDCC's claims to key royalty payments. However, after IDCC said the following day that NOK does not dispute that it has an obligation but only disagrees on its basis, the stock temporarily rebounded but resumed its downtrend. Pessimism had been increasing on the shares but turned lower recently. Its SOIR is 0.51, its lowest point since July 17. This measure was 0.61 on July 23, the highest SOIR of the last year