interdigital soaring after they updated expectations far above street estimates.e company's also signed a multiyear royalty bearing licensing agreement with samsung. that stock is up 20% on that bit of news. in a special programming note, the ceo of interdigital, bill merit, on live on "fast money" here on cnbc, an interview that we'll all not want to miss. >> you're right, thanks. up town to the nasdaq where seema mody is following the stocks. >> off of our lows now. the nasdaq staging a little bit of a intraday comeback thanks to big movers in the tech space. applied early thises, jeffries initiating coverage of a buy rating citing industry consolidation, 3-d chips and the furnish of man flash memory. broadcom upgraded to buy. now, a lot of focus on not just apple, but the broader apple ecosystem. morgan stanley says expect upside and services revenue. on the losing side, casino stocks getting slammed as analysts point to worrying signs out of macau. >>> the gold market is closing. with the auto sales reports, we have seen a pop in other markets. the palladium m

let's bring in the president and ceo of interdigital. great to have you with us.is a major deal and in place with 2017 with option to renew. and it covers 3g/4g. what could that mean and is it more than just phones? >> it's principally 5g. this has been an industry continuing to innovate and satisfying the consumer demands. with it being a potentially ten year deal it's going to cover those new generations. >> how can we understand it in terms of what you make per samsung device, is it more than the deal you had in place? is it more favorable to you? >> the company issued guidance and we guided up based upon new information which included the samsung deal. very strong revenue going forward. we think the agreement maps into our rate structure. we have been licensing for 20 years as a company. very strong in terms of how it projects out for the rest of the market for us at 50% of the market underly sense based upon an annualized number now. could take us up to 600 for the rest. >> what does this mean for the deal that is are yet to be negotiated? you have an apple d

under the radar name of the day, interdigital, wireless research development company.r is idcc. if you have not heard of him before. >> the company is upgrading itself today, earlier they entered a patent license deal with samsung ending all pending litigation between the two companies. also announcing they have updated the revenue outlook. up 18%, nearly 7 bucks a share. we'll end on happy news here. >>> from strategy talk to eet t check. herb greenberg with reality check. when you're in town from the west coast and mansion on the beach, we're going to milk you like an old cow. >> i always sort of appreciate it, depending how you look at that. we want to talk about -- >> michael coors. >> michael coors, something i've written about extensively on reality check. but the key point here is the company came out with earnings as we know, the other day, and there was a margin issue. that got people concerned. what was most interesting to me is you had at least three analysts effectively say use the -- daerivation of the word confused. i think what is most fascinating here i

vanda pharmaceuticals and vince holdings and technology firm interdigital and some of the big gainersthe nasdaq, tech continues to be a source of strength, oracle, intel, sandisk and apple after the 7-1 stock split. >> soma, thank you. heading into the close. only ten minutes to go, off session highs in the index and still having a pretty strong session, up 70 points for the dow and 5 or 6 for the s&p 500. >> the board just went blank on us. we're not that far away from 17,000. can it happen in the next week or so? maybe monday. we'll talk about that coming up in a movement stay tunes. in a world that's changing faster than ever, we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. for that moment, where right place meets right time. and when i find