Why This Tech Stock Soared Today
This afternoon, chip powerhouse Intel announced a $375 million acquisition of 1,700 patents from InterDigital Communciations related to various wireless technologies. It's no secret by now that Intel is making a big push into mobile chipsets, a market currently dominated by ARM Holdings. Shares in InterDigital soared on the news this afternoon, but it may not be the only company benefiting from the news. In the following video, Brenton describes today's deal in more detail and outlines another company that's looking to monetize some patents of its own.
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At the time this article was published Brenton Flynn has no positions in the stocks mentioned above. The Motley Fool owns shares of Intel. Motley Fool newsletter services recommend Intel and InterDigital Communications and writing covered calls on RPX. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. If you have questions about this post or the Fool's blog network, click here for information.
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