Wednesday, August 11, 2010 10:00:09 PM
There might even be more growth than that in InterDigital's future, now that Clearwire (Nasdaq: CLWR) has thrown in the towel on the WiMAX wireless standard. Once WiMAX's strongest supporter, Clearwire has now begun testing InterDigital's next-generation LTE technology, which could run four to six times faster than competitors' networks. AT&T and Verizon (NYSE: VZ) were already backing this 4G wireless broadband solution, so Clearwire will have a lot of catching up to do here.
I am not very familiar with the technical aspects of wireless technology like some others on the board are. But is this saying something about Clearwire using Interdigital's technology in particular or does it just mean that Clearwire is switching over to LTE in general?
Thanks,
Jeff
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