Aware Inc. (AWRE) announced Friday morning that it has signed an agreement for the sale of selected patents and patent applications related to WiFi, LTE and Wireline Home Networking, to Intel Corp. (INTC) for approximately US $75,000,000.
Aware also announced that its Board of Directors has declared a special cash dividend of $1.15 per share. The company also reported first quarter net income of $0.05 per share, up from $0.03 per share last year.
Aware gapped open sharply higher Friday, but traded in a range for the majority of the session. The stock closed up by 2.41 at $6.15 on the highest volume of the year. Aware re-crossed its 50-day moving average and broke out to a new high for the year.
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