"Of course, the very best way to make money on smartphones is to buy shares of communications IP powerhouse InterDigital (Nasdaq: IDCC ) …
… or so says Barclays Capital.
Yesterday, Barclays initiated coverage of InterDigital, calling the company "well positioned to capitalize on mass market adoption of 3G devices as well as … 4G through the licensing of its standards-based IP portfolio." InterDigital promptly did its best to prove Barclays right, reporting earnings a few hours after the upgrade, beating analyst revenue projections and beating modestly on earnings."