InterDigital Inc (IDCC)

[enyaw]

CAREFUL BOGUS HEADLINE

Shuttleworth did not say that IDCC's shares are getting too expensive. What he said was that the bidding war is getting too expensive for Samsung. Geez!!!!!

Of course this comes from Streetsider.com.



Analyst Says InterDigital (IDCC) Shares 'Getting Too Expensive'

Following a more than 50 percent surge in InterDigital shares since mid July on buyout rumors, Shuttleworth now argues "IDCC is getting too expensive." The analyst noted "reports from the Korean media that Samsung has announced that it is not interested in bidding for the InterDigital patents." Samsung apparently believes these patent plays have "become too costly after the Apple (Nasdaq: AAPL) consortium won the Nortel auction."

Still, Shuttleworth believes "multiple bidders remain..." including Apple, Qualcomm (Nasdaq: QCOM), Intel (Nasdaq: INTC), Google (Nasdaq: GOOG), Nokia (NYSE: NOK), Microsoft (Nasdaq: MSFT), RIM (Nasdaq: RIMM), Ericsson (Nasdaq: ERIC) and several others.

The firm currently values InterDigital at around $65.50 fundamentally, and at $118 over the next year.

M Partners maintains a Buy rating on shares of InterDigital.