This tech stock’s earnings rose in the latest quarter

Mosaid Technologies, symbol MSD on Toronto, mainly licenses patented semiconductor (computer chip) and telecommunications technology, including patents for technology used in smartphones and laptops. The company complements this business by developing its own memory and other technologies. In total, Mosaid holds 2,647 patents and applications. The company licenses patents based on its own innovations. It also buys patents, and has secured licensing rights to others. In the three months ended January 31, 2011, the tech stock’s earnings rose 9.4%, to $9.4 million from $7.3 million a year earlier. Earnings per share rose 12.9%, to $0.79 from $0.70, on more shares outstanding. The tech stock’s revenue rose 14.3%, to $20.2 million from $17.7 million, on higher royalty payments. In December 2010, Mosaid ended its legal dispute with IBM. Under the agreement, IBM will now receive a 5-year license to certain Mosaid patents in return for fixed payments to Mosaid over that period. You can get our full analysis, including our clear buy/sell/hold advice on Mosaid and dozens of other aggressive stocks in Stock Pickers Digest. What’s more, you can get one month free when you subscribe now. Click here to learn how.

Jim is an associate editor at TSI Network. He is the lead reporter and analyst for The Successful Investor and Wall Street Stock Forecaster and a member of the Investment Planning Committee. Jim has held the Chartered Financial Analyst designation since 1992 and spent more than a decade at the Financial Post DataGroup before joining TSI Network. He has a Bachelor of Commerce degree from the University of Toronto.