InterDigital, Inc. (NASDAQ:IDCC) announced Wednesday that a complaint has been filed with the U.S. International Trade Commission citing infringement against seven of its patents.
Famous for having a great number of patents on wireless products, the Philadelphia based company called for a sales ban against Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930), Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V), ZTE Corporation (SHE:000063), and Huawei Technology Co Ltd (SHE:002502) for reportedly engaging in illegal trade practices by selling certain 3G and 4G wireless devices, infringing seven of the company’s patents. The company, however, did not name any specific product in the filed complaint.
Half Moon Capital Returns 12.2% In 2020 Despite Short Position Drag
Eric DeLamarter's Half Moon Capital produced a return of 8% net of fees in the fourth quarter of 2020, bringing the full-year return to 12.2%, according to a copy of its fourth-quarter letter, which ValueWalk has been able to review. The fund maintained an average net exposure of 45% during the period. Q4 2020 hedge Read More
InterDigital, Inc. (NASDAQ:IDCC) also said it had filed lawsuits against the companies in U.S. District Court for the District of Delaware.
“Wireless technology continues to advance at tremendous speed based on the contributions that InterDigital and others have made to core connectivity technology. For InterDigital, Inc. (NASDAQ:IDCC), that effort represents roughly one billion dollars of research and development involving hundreds of wireless engineers over decades. While the vast majority of our dozens of licensees recognize our contributions and choose to license our portfolio based on discussions alone, in some cases we’re forced to resort to legal action,” said Lawrence F. Shay, President of InterDigital’s patent holding subsidiaries.
According to the complaint, InterDigital sought for a “permanent injunction and compensatory damages in an amount to be determined, as well as enhanced damages based on willful infringement, and recovery of reasonable attorneys’ fees and costs.”
The 3G and 4G wireless devices that InterDigital aims to stop from entering the U.S. are WCDMA-, cdma2000- and LTE-capable mobile phones, USB sticks, mobile hotspots, laptop computers, tablets, and components of such devices.
The Philadelphia based company, which sold its 1700 patents to Intel last year, is known to have filed various complaints against several companies to reach a patent agreement in the past.
InterDigital, Inc. (NASDAQ:IDCC) develops fundamental wireless technologies, which are at the core of mobile devices, networks, and services worldwide.