InterDigital and VirnetX Look to Gain as LTE Networks Rapidly Expanding Across the World
August 03 2012 - 8:20AM
Marketwired
In what is reported as "the fastest developing mobile system
technology ever," the 4G LTE boom has created significant
opportunities throughout the technology sector. A recent report
from the Global mobile Suppliers Association (GSA) forecasts the
number of LTE networks across the world to more than triple the
total from last year. Five Star Equities examines the outlook for
companies in the Technology Sector and provides equity research on
InterDigital, Inc. (NASDAQ: IDCC) and VirnetX Holding Corporation
(NYSE: VHC).
Access to the full company reports can be found at:
www.FiveStarEquities.com/IDCC www.FiveStarEquities.com/VHC
According to an updated report from the Global mobile Suppliers
Association, by the end of 2012, there will be 150 commercial LTE
networks. Around the world there are currently 280 carriers who are
already working on launching an LTE network, while another 58
carriers are still in the process of researching and testing the
technology before adoption. LTE networks have seen rapid growth
around the world since 2009 when 2 networks were initially
launched. That number quickly expanded over the next two years, to
17 in 2010 and 47 in 2011, before reaching the 89 networks across
45 countries today.
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InterDigital develops fundamental wireless technologies that are
at the core of mobile devices, networks, and services worldwide.
Shares of the company soared over 14 percent on Wednesday after the
company reported that they have won their appeal against Nokia in
the U.S. Court of Appeals for the Federal Circuit.
VirnetX Holding Corporation is an Internet security software and
technology company with patented technology for secure
communications including 4G LTE security. The company's patent
portfolio includes 20 U.S. and 26 international patents and over
100 pending applications.
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