Wednesday, August 17, 2011

InterDigital Spikes On Renewed Takeover Chatter

Shares of InterDigital, Inc. (NASDAQ: IDCC) surged more than 7% Wednesday after Reuters reported that Apple Inc (NASDAQ: AAPL), Nokia (NYSE: NOK) and Qualcomm Inc (NASDAQ: QCOM) are among several technology companies pondering bids for the company. The auction of the wireless telecoms specialist -- expected to be heavily contested as tech giants fight to shore up patent portfolios -- will be postponed from next week to after Labor Day, Reuters reported. Interdigital, Inc. engages in the design and development of digital wireless technology solutions. The company offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks.Stay tuned for more.

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