Reuters) - InterDigital Inc (IDCC.O) said its board is evaluating strategic alternatives, including a possible sale of the company or of its patents, a few weeks after a consortium of technology giants picked up Nortel Networks' patents for $4.5 billion.
InterDigital's shares rose 26 percent to $52.43 Tuesday on Nasdaq, raising its market value by half a billion dollars.
The company holds and licenses around 8,800 mostly telecommunications patents that range from basic wireless system designs and processes to increase network coverage, to saving battery life and the efficient use of bandwidth.
"Over the past year, we have seen the value of intellectual property rise substantially as major players in the mobile industry increasingly understand the strategic and economic value of this type of asset," Chairman Terry Clontz said
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