InterDigital Inc (IDCC)

[littleinvestor]

From Motley Fool Stock Advisor email update:


InterDigital
Ding! The bell has rung. Wireless innovator InterDigital's (Nasdaq: IDCC) long-standing bout with Nokia (NYSE: NOK) over patent infringements is under way. InterDigital is claiming Nokia violated many of its patents through the sale of certain 3G handsets and components in the U.S. As in last year's punching match with Samsung (which ultimately resulted in a favorable settlement for InterDigital), the U.S. International Trade Commission is refereeing the match. Also like the Samsung case, the commission staff, which renders nonbinding recommendations, has found in favor of Nokia. InterDigital hopes the more powerful administrative law judge's initial determination, due no later than Aug. 14, will counterpunch in their favor. Of course, Nokia could decide to settle, as Samsung did, prior to that initial ruling. Already licensing roughly 50% of the world's 3G handset market, a knockout against Nokia would virtually lockup the wireless industry for InterDigital.