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Technology Stocks : Interdigital Communication(IDCC) -- Ignore unavailable to you. Want to Upgrade?


To: data_rox who wrote (5063)8/17/2009 10:04:05 AM
From: Eric L  Read Replies (2) | Respond to of 5195
 
ITC Prelim Decision: The Market's Reaction (Overreaction) and Action Today ...

... should be interesting.

In anticipation of a positive ITC decision in their infringement action against Nokia IDCC shares hit an intraday high of $31.61 before closing at $31.42. It closed Friday at $29.50 before the ITC interim decision was announced.

It opened down $8 (-27%) at $21.50 this morning, dropped to $20.86 (-30.5%) and by 10 AM had recovered to $22.90 (down -$6.60 -22.37%) with the Nasdaq CI at 1,942, after recording a days high of $23.28.

- Eric -