InterDigital, Inc. (NASDAQ:IDCC)
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The Company designs and develops advanced digital wireless technologies for use principally in digital cellular and IEEE 802 related products.
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The Company designs and develops advanced digital wireless technologies for use principally in digital cellular and IEEE 802 related products.
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Investors (and the company) think IDCC will sign several handset makers to 3G WCDMA license deals, with large dollar values, in the short-term.
I think they will sign a FEW deals, with LOWER dollar values, over a LONGER time horizon, causing the company to miss its 2007 estimates. In addition, the stock is overvalued for a company that simply sells intellectual property (IP). Even if they were on track to do what they say, the stock should only trade in the 20s. Personally, I think it could eventually pull back into the teens.
Nice call, but didn't you miss the boat when (as you predicted) it got down into the $16s and you failed to close the pick? Back up north of $20 now.