IDCC
InterDigital awarded another injunction against Disney by Pan-European Court
Article Summary
HOLD- InterDigital Inc. (Nasdaq: IDCC) announced that it has been awarded another injunction against Disney by the Unified Patent Court (UPC), a pan-European patent court which issues decisions that apply across multiple countries in the European Union.
- The Düsseldorf Local Division of the UPC ruled that InterDigital is entitled to an injunction over Disney's infringement of an InterDigital patent covering certain video encoding techniques related to HEVC and confirmed the validity of this patent, with the injunction covering Disney spanning 11 EU countries including France, Germany and Italy.
- The judgment from the DüSseldorf court is the second injunction related to encoding for HEVC against Disney, with other injunctions issued by national courts in Germany and Brazil over Disney's infringement of InterDigital's intellectual property related to high dynamic range technology, dynamic overlaying of multiple video streams, casting video content over different devices, and additional compression technologies related to AVC.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 1.7% | 25% | 20.0 ptsMinimal (1.7%) - Very weak |
| EPS Growth Next 5Y ? | 7.7% | 25% | 20.0 ptsWeak (7.7%) - Low expectations |
| Target Price Upside ? | 78.6% | 20% | 100.0 ptsMassive Upside (78.6%) - Target: $462.67 vs Current: $259.08 |
| Gross Margin % ? | 83.4% | 15% | 100.0 ptsExceptional (83.4%) - Strong pricing power |
| Drawdown from 52-Wk High ? | -37.2% | 15% | 80.0 ptsSolid Dip (-37.2%) - Good entry zone |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About IDCC
- InterDigital, Inc. operates as a global research and development company focuses on wireless, visual, artificial intelligence (AI), and related technologies.
- The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing various products and services, including makers of wireless communications devices, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.
- It designs and develops a range of innovations for use in digital cellular and wireless products and networks.
- The company also develops cellular technologies, such as technologies related to CDMA, TDMA, OFDM/OFDMA, and MIMO for use in 2G, 3G, 4G, and 5G wireless networks, as well as mobile terminal devices; and 3GPP technology portfolio in 5G advanced and 6G, as well as technologies for mobile phones, automobiles and autonomous vehicles, wearables, smart factories and smart homes, robots, drones, and other connected consumer electronic products.
- In addition, it provides video coding and transmission technologies, and artificial intelligence and machine learning solutions.
- Further, the company's patented technologies are used in various products that include smartphones, tablets, consumer electronics, base stations, televisions, laptops, gaming consoles, set-top boxes, streaming devices, and connected automobiles, as well as patented technologies are used in various services, such as video streaming, user generated content sharing, video conferencing, video gaming, and other cloud-based services.
- InterDigital, Inc. was incorporated in 1972 and is headquartered in Wilmington, Delaware.