Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Green Business
Legal
Deals
Earnings
Summits
Business Video
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
Afghan Journal
Africa Journal
India Insight
Global News Journal
Pakistan: Now or Never?
World Video
Politics
Politics Home
Front Row Washington
Politics Video
Technology
Technology Home
MediaFile
Science
Tech Video
Opinion
Opinion Home
Chrystia Freeland
Felix Salmon
Breakingviews
George Chen
Bernd Debusmann
Gregg Easterbrook
James Pethokoukis
James Saft
John Wasik
Christopher Whalen
Ian Bremmer
Mohamed El-Erian
Lawrence Summers
The Great Debate
Unstructured Finance
Newsmaker
MuniLand
Money
Money Home
Analyst Research
Global Investing
MuniLand
Reuters Money
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Life & Culture
Health
Sports
Arts
Faithworld
Business Traveler
Left Field
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Article
Comments (0)
Editor's Choice
World Bank calls Horn of Africa famine manmade
Giant South American rodent spotted in California
Sony reduces PlayStation price to revive sales
Cigarette makers sue FDA over labeling rules
Did "gustnado" topple Indiana stage?
Baidu may face tougher rules after media criticism
Analysis: Soon you may see a rig off Virginia
Business Traveller: Staying streetwise
Video: Date-rape drug detector offers safety
Slideshow: Glacial view
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
UPDATE 2-Abercrombie & Fitch wants clothes off Jersey Shore
7:17pm EDT
UPDATE 3-White House denounces Perry as Republicans target Fed
16 Aug 2011
Confederate plates could be touchy issue for Perry
16 Aug 2011
Obama hears voter worries, uses bus to gain distance from DC
5:14pm EDT
Analysis: India risks facing its own Arab Spring
5:35pm EDT
Discussed
232
UPDATE 3-White House denounces Perry as Republicans target Fed
204
Appeals court rules against Obama healthcare law
176
Stop coddling the super-rich: Buffett
Watched
KISS booted from Jackson concert, "Housewives" husband found dead
Tue, Aug 16 2011
Backyards for rent in New York City
Tue, Aug 16 2011
Tourist protection in Thailand
Tue, Aug 16 2011
Apple, Qualcomm, others eye InterDigital
Tweet
Share this
Email
Print
Related News
Google deal shows cash-rich cos may not need to tap loan market
Tue, Aug 16 2011
UPDATE 4-Apple sued by Taiwan phone maker HTC over patents
Tue, Aug 16 2011
Google makes bold bid for Motorola Mobility
Tue, Aug 16 2011
Google's Motorola bet to reshape Asian phone makers
Tue, Aug 16 2011
Apple pressured; may eye Nokia, RIM patents - Jefferies
Tue, Aug 16 2011
Analysis & Opinion
Deals wrap: SABMiller goes hostile
Microsoft beats Google in Motorola fight
Related Topics
Technology »
Deals »
Global Deals Review: 2011 Q2 »
Global Deals Review »
Inflows Outflows »
Media »
Steve Jobs »
The Apple Inc corporate logo is pictured on the rear side of the company's Macbook Air notebook computer in Virginia, August 10, 2011.
Credit: Reuters/Jason Reed
By Nadia Damouni and Sinead Carew
NEW YORK |
Wed Aug 17, 2011 2:46pm EDT
NEW YORK (Reuters) - Apple Inc, Nokia and Qualcomm Inc are among several technology companies pondering bids for InterDigital Inc, sources familiar with the situation said.
The auction of the wireless telecommunications specialist -- expected to be heavily contested as giant tech companies fight to shore up patent portfolios -- will be postponed from next week until after Labor Day, the sources said.
Shares in InterDigital, which has a market value of about $3 billion, leaped as much as 12.2 percent on the news. But it quickly backtracked and was up $4.38 or 6.8 percent at $68.41 in afternoon trade.
Key potential bidder Google Inc has not formally withdrawn from the auction but it is unclear whether the Internet leader will bid for the company, the sources told Reuters.
InterDigital is up for sale and is forging ahead with its auction, despite Google agreeing to buy Motorola Mobility Holdings Inc for $12.5 billion. That triggered a 23 percent drop in InterDigital's shares on Monday.
First-round bids have been postponed because bidders asked for more time to complete due diligence on the company's patents, the sources said.
To make up for that delay, the King of Prussia, Pennsylvania-based company expects to accelerate the second round, the sources said.
Google's presence in the auction would be crucial to how much InterDigital could fetch, an analyst said.
"The problem InterDigital has is that Elvis has left the building. He's got his date," Deutsche Bank analyst Brian Modoff said.
Modoff also questioned whether any other technology companies need InterDigital enough to pay the high price at which its shares are currently trading.
He noted that Qualcomm already has a good portfolio of patents, and so may not want to pay up for the business.
"The problem is finding somebody else to whom it's necessary." Modoff said. "It could get acquired, but not at where the stock is at (now)."
InterDigital's stock had soared last month on reports that Google was in talks to buy the company. Bidders have been eager to get their hands on the company's 8,800 patents -- including crucial 3G and 4G/LTE patents to strengthen operating software for smartphones.
Some analysts have said that InterDigital has one of the best quality patent portfolios that remains on the market after bankrupt Nortel Network's sold its patents to a consortium led by Apple and Microsoft Corp last month.
Just over 50 percent of the current 3G market is already under license with InterDigital. Its partners include Samsung Electronics Co Ltd, Apple, Research In Motion Ltd and HTC Corp, among others. The company's 4G portfolio is relatively unlicensed.
InterDigital hired Evercore Partners and Barclays Capital on July 19 to explore strategic alternatives, including a possible sale of the company.
InterDigital declined to comment. The other potential bidders were not immediately available for comment.
(Reporting by Nadia Damouni; editing by Gerald E. McCormick and Gunna Dickson)
Technology
Deals
Global Deals Review: 2011 Q2
Global Deals Review
Inflows Outflows
Media
Steve Jobs
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Social Stream (What's this?)
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Mobile
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Contact Us
Advertise With Us
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.