SOURCE: Five Star Equities

Five Star Equities

August 03, 2012 08:20 ET

InterDigital and VirnetX Look to Gain as LTE Networks Rapidly Expanding Across the World

Five Star Equities Provides Stock Research on InterDigital and VirnetX

NEW YORK, NY--(Marketwire - Aug 3, 2012) - 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).

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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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