The Motley Fool

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.

Assembling an air-tight portfolio can be a tall order. But every seasoned investor knows this little secret: You can build your portfolio and protect it with high-yielding dividend stocks! Now, which dividend plays are the best, you ask? We found 13 of them …

To help take the guesswork out of dividend investing, The Motley Fool assembled a Special FREE Report, “13 High-Yielding Stocks to Buy Today.” Just click here now to receive a copy at no charge!

The Motley Fool’s purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool Canada’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead.

Follow us on Twitter and Facebook for the latest in Foolish investing.

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.

5 Canadian Growth Stocks Under $5

We are giving away a FREE copy of our "5 Small-Cap Canadian Growth Stocks Under $5" report. These are 5 Canadian stocks that we think are screaming buys today.

Get Your Free Report Today

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss an important event.

Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group.

This is your chance to get in early on what could prove to be very special investment advice.

Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada.