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Wi-Lan looks at possible sale

telecom | 10/30/2013 6:44 pm EDT

Ottawa patent company Wi-Lan Inc. said it is examining “strategic alternatives,” including a possible sale.  Wi-Lan announced the plan Wednesday after its stock price fell more than 20 per cent on news on Oct. 23 that the company lost a legal fight over patents with Apple Inc. “The Company strongly believes in its current business strategy but does not believe that its current share price accurately reflects its strong balance sheet, the value of its signed license agreements, its business prospects or the residual value of its broad intellectual property portfolio,” Wi-Lan said in a release Wednesday.  “Strategic alternatives to be considered may include changes to the Company's dividend policy or other forms of return of capital to shareholders, the acquisition or disposition of assets, joint...