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XPER - Xperi Gets A Boost From Comcast But The Shares Aren't Done Yet
Xperi Corporation
Finally an expected Comcast settlement, and it's a good one, putting Xperi on firmer ground.
Xperi was already producing substantial amounts of free cash flow, but this has now been significantly increased.
While the company needs to reduce its still significant debt, it now has additional means to do so, and the shares are still trading on relatively moderate multiples.