Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Apple
Now what: InterDigital makes money from patent licensing. It owns 8,800 U.S. and foreign patents, and has nearly 10,000 patent applications pending, primarily related to wireless communications. The strong demand and high bids for Nortel's communications patents are shedding new light on the earnings potential of InterDigital's intellectual property. Even after today's pop in the stock, it is trading at a P/E ratio of only 13.6 times.
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