toggle

AAPL Stock: 121.3 ( -1.07 )

Printed from http://www.macnn.com

InterDigital decides not to sell itself, will chase lawsuits

updated 09:05 pm EST, Mon January 23, 2012

InterDigital decides against sale to others

InterDigital provided mixed news to the mobile industry as it decided against exploring a possible sale. The company had decided against possible offers following a review and would instead focus on "patent sales and licensing partnerships." It declined to say who it was talking to.

Apple, Google, HTC, Samsung, and Nokia were all at one point considered candidates. Concerns had existed that one of the companies might buy some or all of the company to wield its patents against competitors.

Although claiming to focus on innovation, InterDigital has been amassing a collection of 19,500 patents that largely come from outside sources and that it has been wielding offensively against other companies. It claims that every cellular device uses its patents and has been suing many in the industry if they don't agree to a deal, usually leading to a settlement to avoid the risk of a product ban. InterDigital doesn't have any tangible products of its own.

The Pennsylvania company has made $3 billion so far in royalties from 2G and 3G hardware and sees itself making as much as $800 million a year within three to five years.




by MacNN Staff

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

HP 14-x030nr 14-inch Chromebook

If you're like us, chances are you've come to realize that you need the ability to access the Internet on the go. Also, you've prob ...

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

toggle

Most Commented