InterDigital Updates Financial Guidance for First Quarter 2010

KING OF PRUSSIA, Pa. — (BUSINESS WIRE) — March 16, 2010 — InterDigital, Inc. (NASDAQ: IDCC) today updated financial guidance for first quarter 2010. Previously, InterDigital® expected first quarter 2010 revenue to be in the range of approximately $78 million to $79 million, excluding the impact of any new agreements signed during first quarter 2010 or the potential impact of any additional royalties identified in audits regularly conducted by the company. InterDigital recently announced a new license agreement and an audit resolution. The company expects that the new agreement and audit resolution will add approximately $37.5 million to $38.5 million, substantially related to past sales, to total first quarter 2010 revenue.

“First quarter 2010 reflects our continued ability to add new licensees for our broad 3G portfolio and a solid recovery in handset sales,” commented Scott McQuilkin, InterDigital’s Chief Financial Officer. “We saw marked improvement in sales by our per-unit licensees with exposure to smartphone sales and an improvement in the Japanese market.”

About InterDigital

InterDigital develops fundamental wireless technologies that are at the core of mobile devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and partnerships with many of the world’s leading wireless companies.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com

This press release contains forward-looking statements regarding current beliefs, plans, and expectations as to the company’s first quarter 2010 revenue. Words such as “expects,” “approximately,” or similar expressions are intended to identify such forward-looking statements.

Forward-looking statements are subject to risks and uncertainties. Actual outcomes could differ materially from those expressed in or anticipated by such forward-looking statements due to a variety of factors, including, but not limited to: (i) additional patent license or technology solutions agreements, or amendments to existing patent license or technology solutions agreements; (ii) the accuracy of market sales projections of the company’s licensees and timely receipt and final reviews of quarterly royalty reports from the company’s licensees and related matters; and (iii) amounts of royalties payable following other routine audits, if any, and the timely receipt of such amounts during first quarter 2010. InterDigital undertakes no obligation to revise or update publicly any forward-looking statement for any reason, except as otherwise required by law.



Contact:

InterDigital, Inc.
Media Contact:
Jack Indekeu, +1 (610) 878-7800
Email: Email Contact
or
Investor Contact:
Janet Point, +1 (610) 878-7800
Email: Email Contact




Review Article Be the first to review this article
Aldec


Featured Video
Latest Blog Posts
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Functional Safety and Security in Embedded Systems
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
Phil Kaufman Award Goes on Hiatus for 2020
Colin WallsEmbedded Software
by Colin Walls
Why develop embedded software bottom up?
Jobs
ASIC Engineer for Amazon at seattle, Washington
IC Design Engineer - SoC Integration for Xilinx at San Jose, California
Technical Marketing Mmanager for EDA Careers at Fremont, California
Senior Java Developer/Architect for EDA Careers at Varies, North Carolina
ASIC Design Engineer, for Apple Inc at Cupertino, California
Wireless ASIC Design Engineer for Apple Inc at Cupertino, California
Upcoming Events
Accellera Day India 2020 at Online Event India - Dec 2 - 3, 2020
RISC-V Summit 2020. at United States - Dec 7 - 10, 2020
SEMICON Japan 2020 Goes Virtual at Japan - Dec 11 - 18, 2020
IPC APEX EXPO 2021 at San Diego Convention Center san diego - Mar 6 - 11, 2021



© 2020 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise