INTEL (the chip maker) recently announced its first cell phone, the:
"...3G-enabled Xolo X900http://www.xolo.in/ running Android [on an INTEL Atom chip] will go on sale in [India] on April 23 and cost 22,000 Indian rupees, or about $425, without a cellphone plan..." - http://www.pcmag.com/article2/0,2817,2403300,00.asp
This week Intel announced they will be purchasing 1,700 wireless technology patents for $375 million from InterDigital. This purchase is said to include aspects of technologies relating to 3G, WCDMA, HSDPA, HUSPA, LTE and 802.11 WiFi connections.
…from: http://www.reuters.com/article/2012/06/18/us-interdigital-intel-idUSBRE85H17...
Intel to buy InterDigital patents for $375 million [The Intel logo is advertised on the side of a computer box as a customer pushes a shopping cart at an electronic store in Phoenix, Arizona November 4, 2009. REUTERS/Joshua Lott] NEW YORK | Mon Jun 18, 2012 12:26pm EDT
(Reuters) - InterDigital Inc said on Monday it had agreed to sell to Intel Corp about 1,700 wireless technology patents for $375 million, sending InterDigital shares up 29 percent.
The companies said they expect the deal to close in the third quarter. Intel is currently pushing to expand its chip business beyond computers and into mobile devices.
InterDigital said in January it would keep looking for buyers for its patent portfolio after it failed to find one for the whole company.
In July 2011, InterDigital said it was looking into a possible sale of the company or its patents in the hope that other big patent deals would boost its value.
InterDigital shares were up $6.73 or 29 percent at $29.61 on Nasdaqhttp://www.reuters.com/finance/markets/index?symbol=us!comp after the news.
(Reporting By Sinead Carewhttp://blogs.reuters.com/search/journalist.php?edition=us&n=sinead.carew&; Editing by Maureen Bavdek and David Gregoriohttp://blogs.reuters.com/search/journalist.php?edition=us&n=david.gregorio&)
