The telecommunications industry closed the day down 2.8%. Nexxus Lighting Inc (NEXS), RELM Wireless Corporation (RWC), Radvision (RVSN), and CalAmp Corporation (CAMP) were all winners today within the telecommunications industry with InterDigital Inc (IDCC) being today's featured telecommunications winner. InterDigital Inc rose $2.04 (4%) to $53.53 on average volume. Throughout the day, 2.9 million shares of InterDigital Inc exchanged hands as compared to its average daily volume of 2.8 million shares. Interdigital, Inc. engages in the design and development of digital wireless technology solutions. The company offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks. InterDigital Inc has a market cap of $2.3 billion and is part of the technology sector. The company has a P/E ratio of 20.4, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 23.7% year to date as of the close of trading on Tuesday. TheStreet Ratings rates InterDigital as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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