Topic: How To Invest

Could you give your opinion on Mosaid? Thank you.

Article Excerpt

Mosaid Technologies Inc., $24.12, symbol MSD on Toronto (Shares outstanding: 11.8 million; Market cap: $284.6 million), 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 1,900 patents and applications. The company licenses patents based on its own innovations. It also buys patents, and has secured sub-licensing rights to others. Thanks to Mosaid’s long history of designing computer chips, the company has a wide range of techniques and technology patents to license. Its customers include Nokia, Buffalo Inc., Oki Semiconductor and Samsung Electronics. Mosaid’s licenses require each licensee to pay an agreed amount over a fixed period of at least one year. In its third quarter, which ended January 31, 2010, Mosaid’s revenue fell 2.0%, to $17.7 million from $18.1 million a year earlier. The drop was mainly caused by the bankruptcy of a licensee…