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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 695.40

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To: Johnny Canuck who wrote (41066)	4/16/2004 1:17:00 PM
From: Johnny Canuck	Read Replies (1) of 70359

Interdigital (NASDAQ:IDCC) shares traded down when the company missed earnings. The company reported increased expenses in addition to shortfalls in licensing royalties. NEC licensee had some significant problems with the software of their licensed 3G phones. Shipment delays meant missed opportunities for NEC and royalty shortfalls to the company. Arbitration with Nokia and Samsung has seen little progress and added to expenses. The date for expected resolution of the Nokia arbitration has also slipped several months. Hager views the pullback as an expected market reaction to less than stellar news. However, the fundamental situation with the stock is unchanged and he does look at the pullback as an opportunity to take advantage of the company's near term woes for long term appreciation.

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