Apple Inc (AAPL.O), Nokia (NOK1V.HE) and Qualcomm Inc (QCOM.O) are among several technology companies pondering offers for InterDigital Inc (IDCC.O), sources familiar with the situation said. The auction of the wireless telecommunications specialist -- expected to be heavily contested as giant tech companies fight to shore up patent portfolios -- will be postponed from next week until after Labor Day, the sources said. Shares in InterDigital, which has a market value of about $3 billion, leaped as much as 12.2 percent on the news. But it quickly backtracked and was up $4.38 or 6.8 percent at $68.41 in afternoon trade. Key potential bidder Google Inc (GOOG.O) has not formally withdrawn from the auction but it is unclear whether the Internet leader will bid for the company, the sources told Reuters.
Apple Inc. (Apple) designs, manufactures and markets a range of personal computers, mobile communication and media devices, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL fell by 0.01% or $-0.04/share to $380.44. In the past year, the shares have traded as low as $235.56 and as high as $404.50. On average, 18160900 shares of AAPL exchange hands on a given day and today's volume is recorded at 15675696.
QUALCOMM Incorporated (Qualcomm) designs, manufactures and markets digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology and other technologies. Shares of QCOM fell by 0.12% or $-0.06/share to $51.01. In the past year, the shares have traded as low as $37.65 and as high as $59.84. On average, 15412600 shares of QCOM exchange hands on a given day and today's volume is recorded at 13957207.
InterDigital, Inc. (InterDigital) is a holding company, and its various subsidiaries engage in technology research and development activities or in the prosecution, maintenance, enforcement, and licensing of patents. Shares of IDCC traded higher by 8.64% or $5.53/share to $69.56. In the past year, the shares have traded as low as $24.39 and as high as $82.50. On average, 1988180 shares of IDCC exchange hands on a given day and today's volume is recorded at 6012207.
Google Inc. (Google) is focused on improving the ways people connect with information. Shares of GOOG fell by 1.09% or $-5.85/share to $533.15. In the past year, the shares have traded as low as $447.65 and as high as $642.96. On average, 3515020 shares of GOOG exchange hands on a given day and today's volume is recorded at 4039846.
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