Evolving Wireless Market Leads to Surging Demand for Products From VirnetX and InterDigital
November 22, 2011 08:16 ET
Evolving Wireless Market Leads to Surging Demand for Products From VirnetX and InterDigital
The Bedford Report Provides Equity Research on VirnetX Holding & InterDigital
NEW YORK, NY--(Marketwire - Nov 22, 2011) - The 4G wireless market is being sold as the biggest and most revolutionary development to hit wireless networks in years. The quickly expanding market is providing a boost to companies like VirnetX Holding and InterDigital -- both of which have strong portfolios of 4G information technology patents. The Bedford Report examines the outlook for companies in the Technology sector and provides equity research on VirnetX Holding Corporation (
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While WiMax enjoys a slight edge for now, IHS iSupply reports that adoption of LTE (long-term evolution) will surpass that of its 4G rival sometime next year. By 2014, the number of LTE subscribers will hit 303.1 million versus only 33.4 million for WiMax. WiMax will remain on top for 2011 with 14.9 million global subscribers, up from 6.8 million last year, IHS said. But LTE deployments will continue to jump, reaching 10.4 million users this year, a notable increase from just 702,000 in 2010 and virtually zero in 2009.
InterDigital offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks. It holds patents related to the fundamental technologies that enable wireless communications. William J. Merritt, InterDigital's President and Chief Executive Officer, says the company is "encouraged by the market data indicating that 4G LTE devices were ramping faster than forecasted. That faster ramp, combined with a leading LTE patent position, speaks well to future revenue opportunities for the company from its core terminal unit licensing business."
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With all 4G's advantages comes the potential problem of security. With millions of handheld computers surfing the web, security becomes essential. VirnetX is engaged in developing and commercializing software and technology solutions for securing real-time communications over the Internet. The company holds a patent for technology that has the ability to secure an entire mobile device, meaning phone-makers will likely have to pay major royalties to the company moving forward.
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