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.
What: After booking a tidy 4% gain yesterday, shares of mobile telephony IP shop InterDigital
So what: Yesterday, InterDigital's board announced that it's definitely interested in selling the company "in whole or in part."
Now what: That "in part" part is key. Rumor has it, you see, that interested buyers were bidding as low as $1 billion and $2 billion for InterDigital -- numbers that spooked investors hoping to see something more along the lines of the $4.5 billion that a consortium including Microsoft
Turns out, however, that the $1 billion bids were actually for just a part of InterDigital -- meaning the whole of the company could still be worth something in the neighborhood of a Nortel (or a Motorola?). And this confirmation, Fools, is why InterDigital is going right back up again.
What price will InterDigital ultimately fetch? Will it find a buyer at all? Add the stock to your Fool Watchlist and find out.