Here’s our Pick of the Month – June 2011

Article Excerpt

MOSAID TECHNOLOGIES INC. $30.90 (Toronto symbol MSD; TSINetwork Rating: Extra Risk) (613-599-9539; www.mosaid.com; Shares outstanding: 11.9 million; Market cap: $367.7 million; Dividend yield: 3.2%) 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 about 1,651 patents and has 996 patent applications. The company licenses patents based on its own innovations. It also buys patents, and has secured sub-licensing rights to others. In December 2010, Mosaid ended its legal dispute with IBM. Under the agreement, IBM will receive a five-year license to certain Mosaid patents for use in computer chips with embedded memory. IBM will make a series of fixed payments to Mosaid during the term of the agreement. All other terms of the patent license and settlement agreements are confidential. In the three months ended January 31, 2011, earnings rose 12.9%, to $0.79 a share from $0.70…