Scott McQuilkinThanks Bill. In the agreement InterDigital will be selling Intel portfolio of approximately 1700 patents and patent applications leading primarily to 3G, 4G LTE, and 802.11 technology. Transaction is valued at 375 million and net amount will be paid in cash once the transaction is completed which we expect in the third quarter of 2012.
InterDigital's CEO Hosts Investor Conference (Transcript)
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