InterDigital Inc (IDCC)

[magillagorilla]

BUYINS.NET: InterDigital Communications Corp. (IDCC) SqueezeTrigger Price Is $17.57. Short Sellers Are Down Approximately $15 Million After Company Signs 5 Year Deal With LG Electronics.

Tuesday , January 24, 2006 10:36 ET

Jan 24, 2006 (M2 PRESSWIRE via COMTEX) -- www.buyins.net, announced today that the 2.27 million shares declared short on InterDigital Communications (NASDAQ: IDCC) have a SqueezeTrigger Price of $17.57 per share. According to TheStreet.com, the wireless technology outfit struck a five-year license agreement with LG Electronics. The license covers the sale of second-generation and third-generation wireless technology on the time division multiple access standard. LG is obligated to pay InterDigital three equal installments of $95 million, in the first quarters of 2006, 2007, and 2008. At the end of the five-year term, LG will receive a paid-up license to sell single-mode GSM/GPRS/EDGE terminal units under the patents included under the license. Short sellers are down approximately $15 million as the stock is currently trading near $24.28. To access SqueezeTrigger Prices ahead of short squeezes beginning, visit http://www.buyins.net/squeezetrigger.pdf.

From January to December of 2005, an aggregate amount of 35,007,183 shares of IDCC have been shorted for a total dollar value of $615 million. The IDCC SqueezeTrigger price of $17.57 is the volume weighted average price that all shorts are short in shares of IDCC. Since crossing above the SqueezeTrigger Price, shares of IDCC are up nearly 38%. There is still approximately $55 million worth of potential short covering in shares of IDCC.

InterDigital Communications Corporation (NASDAQ: IDCC) engages in the design, development, licensing, and sale of wireless technology solutions for voice and data communications. Its solutions primarily include time division multiple access and code division multiple access technologies, as well as technologies covering 2G, 2.5G, 3G, and 802 standards. The company's solutions are incorporated in various products, which principally comprise mobile phones and personal digital assistants; other wireless devices, such as laptops, PC cards, and USB sticks; base stations and other infrastructure equipment; and modules and components for wireless devices. InterDigital Communications offers its solutions to semiconductor companies and equipment producers primarily in Japan and Europe. The company was incorporated in 1972. It was formerly known as International Mobile Machines Corporation and changed its name to InterDigital Communications Corporation in 1992. InterDigital Communications is headquartered in King of Prussia, Pennsylvania.

BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 550,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.

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Public Companies Associated with this story:
(NASDAQ NM: IDCC) (OTC: LGEPF)

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