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Why WiLAN Shares Are Winning Today

Although we don’t believe in timing the market or panicking over market movements, we do like to keep an eye on big changes — just in case they’re material to our investing thesis.

What: Shares of technology licensing firm WiLAN (TSX:WIN) climbed as high as 12% today after inking a licensing agreement and settling all pending patent litigation with Alcatel-Lucent.

So what: The stock has been battered since July when a Texas jury ruled against Wi-LAN in a patent suit against several companies including Alcatel-Lucent, but today’s news suggests that Wi-LAN’s looming CDMA/WiFi trial in October has some promise. Additionally, Bay Street is optimistic that the WiLAN’s deal with Alcatel will apply more heat on the other defendants like Apple and HTC to negotiate something similar.

Now what: Under the license agreement, Alcatel-Lucent will be granted a multi-year license to certain WiLAN patents in exchange for a series of payments to WiLAN throughout the license term, and under a separate patent deal, WiLAN will acquire a portfolio of next-gen patents from Alcatel-Lucent. “Alcatel-Lucent’s long history of fundamental technology development and strong IP protection has enabled it to become a leader in the wireless industry,” said WiLAN President and CEO Jim Skippen. “The addition of Alcatel-Lucent patents and applications to our wireless portfolio continues to expand the value we are able to offer to our existing and future licensees.” More importantly, with the stock still off about 35% from its 52-week highs, there might be plenty of upside left to buy into that bullishness.

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Fool contributor Brian Pacampara doesn’t own shares in any companies mentioned.  The Motley Fool doesn’t own shares in any of the companies mentioned.

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