|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||21.99 - 22.15|
|52 Week Range||13.51 - 23.51|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||6.22|
|Forward Dividend & Yield||0.97 (4.71%)|
|Ex-Dividend Date||Dec 01, 2022|
|1y Target Est||24.98|
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https://cdn.benzinga.com/files/images/story/2023/03/17/bz_briefs_tech_3.png?optimize=medium&dpr=2&auto=webp&crop=1200%2C800 U.K.'s High Court ordered Lenovo Group Ltd (OTC: LNVGF) (OTC: LNVGF) to pay $138.7 million to InterDigital, Inc (NASDAQ: IDCC) in settlement of a licensing dispute. The Court urged Lenovo to pay the penalty for a license to InterDigital's portfolio of 3G, 4G, and 5G patents and pay in full for past sales dating back to 2007. The Court will decide whether additional interest
The verdict reinforces InterDigital's (IDCC) patent licensing rights and is likely to thwart any potential breaches in the future.
China's Lenovo Group Ltd must pay U.S. technology firm InterDigital Inc $138.7 million for a licence for its portfolio of telecommunications patents, London's High Court ruled on Thursday in the latest round of a long-running dispute. InterDigital brought the lawsuit against Lenovo in 2019 over the terms on which Lenovo should take a licence of its patents which are essential to 3G, 4G and 5G standards. The litigation, which has so far featured five separate trials, centres on the fair, reasonable and non-discriminatory (FRAND) terms of a licence for InterDigital's patents.