There is another
patent pool battle brewing:
Quote:
Apple Inc. (AAPL) and Google Inc. (GOOG), aiming to bolster their patent portfolios, are among companies weighing possible bids for InterDigital Inc., a mobile-phone technology designer, according to a person with knowledge of the situation.
The person declined to be identified because the matter is private. InterDigital, which has about 1,300 patents related to mobile-phone technologies used to transfer information, hired bankers as it considers a sale, the King of Prussia, Pennsylvania-based company said in a statement yesterday.
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Quote:
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InterDigital’s patents in cellular technology are “deeper and stronger” than Nortel’s, InterDigital Chief Executive Officer William Merritt said in April. The company has a market value of about $3.1 billion.
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This may be why Apple is sitting on what many investors feel is ludicrous hoard of cash that
should be paid out to investors.