NEW YORK, NY--(Marketwire -06/21/12)- Growing demand for high speed networks and smartphones has offered significant opportunities for companies in the technology sector. According to Gartner Inc. smartphone shipments globally are expected to total 655 million in 2012, more than double 2010's total of 299 million. The Paragon Report examines investing opportunities in the Technology Sector and provides equity research on InterDigital, Inc. (IDCC) and Vringo, Inc. (VRNG).
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"The number of commercial LTE networks has quadrupled in just over a year. Commercial LTE services are available in 38 countries. The pace of introduction of LTE is happening faster than most people predicted a year ago," said Alan Hadden, president of the Global mobile Suppliers Association (GSA).
It is estimated that by 2017 there will be close to nine billion mobile subscriptions and 85 percent of the world's population will have access to the internet through 3G coverage according to Ericsson's second Traffic and Market Report -- On the Pulse of the Networked Society.
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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 nearly 27 percent after the company announced it has agreed to sell roughly 1,700 patents and patent applications to Intel for $375 million. The agreement involves patents primarily related to 3G, LTE and 802.11 technologies.
Vringo is a leading provider of software platforms for mobile social and mobile video services. Shares of the company surged over 14 percent Tuesday on record volume as the company announced a Memorandum Opinion & Order was issued in their proposed merger partner's patent infringement lawsuit.
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