Notable Calls

We caught a nice mover on Notable Calls Network (NCN) this morning:

InterDigital (NASDAQ:IDCC) has been on fire ever since the Nortel wireless patent estate was auctioned for $4.5 billion. InterDigital happens to hold patents related to the fundamental technologies that enable wireless communications.

The stock has gone from $35 in mid-July to a high of $82.50 as of this morning on speculation Google, Apple among others may be interested in buying the company for its patents.

All in all, it's been the main hype name that traders love to trade around on any new bits if info.

- This morning, around 8:00 AM ET a senior member of NCN brought to my attention that Peter Misek, an analyst at Jefferies & Co had an interesting call on IDCC saying Apple could potentially buy the company. What was even more interesting was the fact he thought IDCC patent estate would be worth up to $10 billion for Apple. IDCC's market capitalization was around $3.1 billion.

This was clearly market moving material, so I quickly distributed a short summary of the call to our wonderful members:

IDCC (Peter Misek) - InterDigital portfolio could be worth up to $10B to Apple = $200 per share!

InterDigital's patents could save Apple $3-$10 per handset and could substantially increase the price of the low-cost Android phones launching in H2:11.


- Sellers were scarce, so one had to buy up 4-5% to get decent fills. But as you can see from the chart it was well worth it. The stock went up another 10 pts.

You can probably imagine the profits some people have from this morning.


This is how Notable Calls Network (NCN) works - sharing the flow. We catch them every day.

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