Gordon Reid
InterDigital
IDCC-Q
COMMENT
Jan 10, 2013
Have a large number of patents in the technology area, mostly in the mobility area. Put themselves up for sale but had no offers that they wanted to take and he sold his holdings at that time.
A pure research technology company. No products. Apply their technology and license it out to other manufacturers. Currently have patents in 55% of all 3G smart phones that are built. Also have about 19% of the 4G. $13 of cash per share. Trading at only 12X earnings.
Basically a patent company. Took a spike up in the summer of 2011 when they had put themselves up for sale and he sold a 3rd of his position. Fairly valued at this point.
Have a large number of patents in the technology area, mostly in the mobility area. Put themselves up for sale but had no offers that they wanted to take and he sold his holdings at that time.