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Topic: Growth Stocks

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.

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