Stock News Buzz: InterDigital (NASDAQ:IDCC)
On Wednesday InterDigital (NASDAQ:IDCC) stock recorded daily change of 0.72% to close at $54.9 with the total traded volume of 0 shares along average volume of 273308 shares 52 week range of the stock remained $ 47.02 – 74.03 while its day low price was $53.89 and its hit its day high price at $55.15. Its previous closing value stands at $54.51. IDCC total market capitalization is $1709201747. Currently stocks EPS is $0.28 while its price to earnings ratio is 193.95.
On Dec. 18, 2019, InterDigital (NASDAQ:IDCC) a mobile and video technology research and development company, released that its partner, Shared Spectrum Company (SSC), has been awarded a U.S. Army Small Business Innovation Research (SBIR) contract aimed at understanding the role of millimeter wave (mmW) technology for army tactical communications. InterDigital will work alongside SSC to research and develop cost effective communication systems for use in Anti-Access and Area Denial (A2AD) environments.
mmW communication is a key enabling technology integrated into 5G, Wireless Gigabit Alliance (WiGIG), and fixed wireless backhaul in the 28 and 70GHz regions. Unlike spectrum typically used for ’s communications technology (Wireless Local Access Networks (WLANs), tactical networks, and commercial cellular), mmW offers 100 times more spectrum. This makes it possible to achieve higher data rates to those experienced in WiFi or 4G, at operator frequencies below 6GHz.
The project, titled ‘mmW for Army Tactical Communications’, aims to identify and develop optimized techniques for mmW communication systems that can operate in contested or congested environments. It will do so by researching improvements to modulation and signal processing techniques to increase throughput and enhance Low-Probability-of-Intercept/Low-Probability-of-Detection (LPI/LPD) and anti-jamming (AJ) capabilities.
mmW is set to play a huge role in future wireless generations and we are already seeing many emerging use cases in the commercial sector—from peer-to-peer mmW networks to Vehicle-to-Vehicle communications, said William J. Merritt, InterDigital’s President and CEO. This project will therefore be extremely valuable in uncovering the potential of mmW for other use cases, such as tactical communications, and we are looking forward to offering our R&D expertise to delving deeper into this technology.
Christopher Pacheco has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years. After many years in the market, he dedicated all his time to write articles highlighting different financial problems.
Christopher Pacheco holds a postgraduate degree in Software Engineering from Canada. ‘The stock market is filled with individuals who know the price of everything, but the value of nothing.’ Christopher is a share market expert, being personally invested for over 6 years. He believes the most valuable nugget of wisdom for new investors is a quote from Phillip Fisher. He has been writing his entire life, and while he has made a career of business and finance reporting, he still enjoys writing short stories and poetry.
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