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InterDigital Brings EdgeLink Solution to Rutgers University
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Per media reports, InterDigital, Inc. (IDCC - Free Report) recently announced that its EdgeLink solution has been made available to Rutgers University in New Jersey, with an aim to be included in the Platforms for Advanced Wireless (PAWR)-funded COSMOS testbed in New York City.
The wireless R&D company’s EdgeLink is an integrated millimeter wave Mesh transport technology with a centrally controlled Mesh software. The solution allows researchers to develop and test mesh networking algorithms over 60GHz mmWave radio links.
COSMOS is a joint project involving Rutgers University, Columbia University and New York University, along with several partner organizations. Reportedly, the testbed would be deployed in Manhattan and will comprise 40 to 50 advanced software-defined radio nodes, coupled with fiber-optic networks.
Markedly, the testbed aims to support the experimentation of next-generation wireless technologies and applications that focus on ultra-high bandwidth and low latency wireless communication, along with edge cloud computing.
InterDigital is optimizing its strength in core wireless licensing business. It has taken steps to drive shareholder value through the buyout of Technicolor licensing business. This has created significant new licensing opportunity in the video and consumer electronics markets.
The company has also made an offer to acquire the Research & Innovation unit of Technicolor SA, a technology leader in the media and entertainment sector. It is poised to benefit from growth opportunities, fueled by the 5G rollout. Strategic acquisitions are expected to be accretive to InterDigital’s financials and contribute to its long-term growth.
InterDigital has long-term EPS growth expectation of 15%. The stock has incurred an average loss of 18.9% against the industry’s rise of 6.2% over the past year. It is to be seen whether state-of-the-art solution offerings can help turnaround the company’s profitability in the near future.
InterDigital’s commitment toward licensing its broad portfolio of technologies to wireless terminal equipment makers, which allows it to expand its core market capability, is laudable. Its global footprint, diversified product portfolio and ability to penetrate in different markets are impressive.
Harris has long-term earnings growth expectation of 8%.
Ubiquiti has long-term earnings growth expectation of 19.8%.
Juniper has long-term earnings growth expectation of 6.2%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
InterDigital Brings EdgeLink Solution to Rutgers University
Per media reports, InterDigital, Inc. (IDCC - Free Report) recently announced that its EdgeLink solution has been made available to Rutgers University in New Jersey, with an aim to be included in the Platforms for Advanced Wireless (PAWR)-funded COSMOS testbed in New York City.
The wireless R&D company’s EdgeLink is an integrated millimeter wave Mesh transport technology with a centrally controlled Mesh software. The solution allows researchers to develop and test mesh networking algorithms over 60GHz mmWave radio links.
COSMOS is a joint project involving Rutgers University, Columbia University and New York University, along with several partner organizations. Reportedly, the testbed would be deployed in Manhattan and will comprise 40 to 50 advanced software-defined radio nodes, coupled with fiber-optic networks.
Markedly, the testbed aims to support the experimentation of next-generation wireless technologies and applications that focus on ultra-high bandwidth and low latency wireless communication, along with edge cloud computing.
InterDigital is optimizing its strength in core wireless licensing business. It has taken steps to drive shareholder value through the buyout of Technicolor licensing business. This has created significant new licensing opportunity in the video and consumer electronics markets.
The company has also made an offer to acquire the Research & Innovation unit of Technicolor SA, a technology leader in the media and entertainment sector. It is poised to benefit from growth opportunities, fueled by the 5G rollout. Strategic acquisitions are expected to be accretive to InterDigital’s financials and contribute to its long-term growth.
InterDigital has long-term EPS growth expectation of 15%. The stock has incurred an average loss of 18.9% against the industry’s rise of 6.2% over the past year. It is to be seen whether state-of-the-art solution offerings can help turnaround the company’s profitability in the near future.
InterDigital’s commitment toward licensing its broad portfolio of technologies to wireless terminal equipment makers, which allows it to expand its core market capability, is laudable. Its global footprint, diversified product portfolio and ability to penetrate in different markets are impressive.
Currently, InterDigital has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Harris Corp. , Ubiquiti Networks, Inc. and Juniper Networks, Inc. (JNPR - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Harris has long-term earnings growth expectation of 8%.
Ubiquiti has long-term earnings growth expectation of 19.8%.
Juniper has long-term earnings growth expectation of 6.2%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>