Did InterDigital Sell A Rembrandt At Thomas Kinkade Prices, Or Was It The Other Way Around?
By Patrick Anderson:
After abandoning attempts to sell its entire portfolio last year, InterDigital (IDCC) announced this week the sale of 1,700 patents to Intel for $375 M. At $220,000 per patent, the transaction seems downright anemic, but the news gave IDCC's stock a nice 30% boost just for, as IAM Magazine pointed out, "doing what it said it was going to do six months ago." Recent, well-repeated benchmarks include the opportunistic Nortel creditor's $750,000 (minimum) per patent windfall, and the AOL-Microsoft transaction, which netted about $1 M per patent. Of course, Acacia's purchase of Adaptix for nearly $5 M per patent stands well above the crowd.By comparison, IDCC's sale appears paltry, prompting Seeking Alpha contributor Kraken to proclaim that "in reality the company has just sold off its best patents to Intel." Of course, judgment calls on the quality of IP made prior to any IP being publicly identified are inevitablyComplete Story »
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