InterDigital exceeds Q3 sales estimates, still searches for a buyer

InterDigital, the patent company that has been shopping itself around, reported third-quarter sales that exceeded analyst estimates. The company also said that it continues to be in discussions about strategic options for the company, including an outright sale. The company's sales came in at $76.5 million, which exceeded the $72.1 million that analysts had forecast. Net income fell to $26.2 million, or 57 cents per share, InterDigital said. InterDigital holds some 1,300 patents. Article

Suggested Articles

With CBRS entering the commercial phase, entities like Google are emphasizing products for the entire ecosystem, not just the SAS part.

Thomas Marzetta, originator of Massive MIMO technology, was appointed director of the research center at the NYU Tandon School of Engineering, replacing Ted…

T-Mobile executives reiterated their plan to use the proposed merger with Sprint to leapfrog competitors AT&T and Verizon in 5G.