(Reuters) - Wireless technology firm InterDigital Inc (IDCC.O) received a blow in an ongoing patent infringement case with the U.S. International Trade Commissions staff recommending in favor of South Koreas Samsung Electronics (005930.KS), sending InterDigitals shares down as much as 28 percent.
In a statement, the company said the U.S. ITC staff recommended that Samsung, the worlds No. 2 mobile handset maker, did not engage in unfair trade practices related to third-generation mobile technology.
InterDigital has maintained that Samsung engaged in unfair practices by selling certain 3G handsets and components in the United States that infringe five of InterDigitals patents.
Last week, InterDigital and Nokia (NOK1V.HE) agreed to drop patent cases in British courts against each other.
Shares of InterDigital fell 6.15 to 19.11 in midday trade on Nasdaq. The stock had touched a low of 18.09 earlier.
(Reporting by S John Tilak in Bangalore; Editing by Deepak Kannan)
In a statement, the company said the U.S. ITC staff recommended that Samsung, the worlds No. 2 mobile handset maker, did not engage in unfair trade practices related to third-generation mobile technology.
InterDigital has maintained that Samsung engaged in unfair practices by selling certain 3G handsets and components in the United States that infringe five of InterDigitals patents.
Last week, InterDigital and Nokia (NOK1V.HE) agreed to drop patent cases in British courts against each other.
Shares of InterDigital fell 6.15 to 19.11 in midday trade on Nasdaq. The stock had touched a low of 18.09 earlier.
(Reporting by S John Tilak in Bangalore; Editing by Deepak Kannan)
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