InterDigital Falls After Patent Loss to Nokia, Huawei
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InterDigital Inc. fell to the lowest since July 2012 after the mobile-phone design company lost a patent-infringement case at a U.S. trade agency against Nokia Oyj, Huawei Technologies Co. and ZTE Corp.
The U.S. International Trade Commission in Washington upheld findings from June, with modifications. Nokia’s Lumia phones, Huawei’s MediaPad 7 Lite and Fiji, and ZTE’s Flash and Merit models could have been banned from the U.S. market if InterDigital had won. The notice was posted on the ITC’s website yesterday.