Apple Inc (AAPL.O), Nokia (NOK1V.HE) and Qualcomm Inc (QCOM.O) are among several telecom and technology companies weighing offers for InterDigital Inc (IDCC.O), which specializes in wireless communications technologies, sources familiar with the situation said. InterDigital is up for sale and is forging ahead with its auction despite a setback on Monday when Google Inc (GOOG.O), one of the key potential bidders, struck another deal. Google agreed to purchase Motorola Mobility Holdings (MMI.N) for $12.5 billion. That led to a 23 percent drop in InterDigital's shares on Monday. Google has not formally withdrawn from the auction, but it is unclear whether the Internet giant will bid for InterDigital, which is attractive for its wireless patents, the sources said. InterDigital declined to comment. The other potential bidders were not immediately available for comment.
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 15676453.
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 6012607.
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.
Motorola Mobility Holdings, Inc. is a provider of technologies, products and services that enable a range of mobile and wireline digital communication, information and entertainment experiences. Shares of MMI traded higher by 0.29% or $0.11/share to $38.13. In the past year, the shares have traded as low as $20.77 and as high as $38.73. On average, 6659180 shares of MMI exchange hands on a given day and today's volume is recorded at 19502306.
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