Ibiquity is essentially an intellectual property firm that is licensing its patents to manufacturers and broadcasters in a Qualcomm -like (nasdaq: QCOM - news - people ) plan to earn royalties.
Seybold is still bullish on the long-term prospects of Qualcomm (nasdaq: QCOM - news - people ), which has made progress penetrating the European mobile phone market with its code division multiple access wireless technology.
Because of its progress with chip technology to handle so-called "3G" services like high-speed wireless access, Qualcomm (nasdaq: QCOM - news - people ) is a core holding of Gilder's.