KING OF PRUSSIA, Pa.--(BUSINESS WIRE)-- InterDigital, Inc. (NASDAQ: IDCC) today announced that its board of directors approved the initiation of a $100 million stock repurchase program.

"We remain very confident in our ability to create value," stated William J. Merritt, President and Chief Executive Officer. "With an already solid cash position, we expect to generate strong free cash flow¹ from our licensing business in 2009 and future years. Given our financial strength, we have the capacity to make the investments in our core research and development to drive future licensing opportunities, create new technology opportunities, and repurchase our stock, all of which we believe will further enhance shareholder value."

As with the prior stock repurchase authorizations, InterDigital may purchase stock from time-to-time through open market purchase, pre-arranged trading agreements, or privately-negotiated transactions. The amount and timing of the repurchases will be based on a variety of factors, including general business and market conditions, the availability of an open trading window, cash requirements, strategic investment opportunities, and the timing of signing any new license agreements.

About InterDigital

InterDigital^(R) designs, develops and provides advanced wireless technologies and products that drive voice and data communications. InterDigital is a leading contributor to the global wireless standards and holds a strong portfolio of patented technologies which it licenses to manufacturers of 2G, 2.5G, 3G, and 802 products worldwide. Additionally, the company offers a family of SlimChip high performance mobile broadband modem solutions, consisting of Baseband ICs, Embedded Modules, Modem IP and Reference Platforms. InterDigital's differentiated technology and product solutions deliver time-to-market, performance and cost benefits.

InterDigital is a registered trademark and SlimChip is a trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com

¹ InterDigital defines "free cash flow" as operating cash flow less purchases of property and equipment and investments in patents.

    Source: InterDigital, Inc.

Contact: InterDigital, Inc. Media Contact: Jack Indekeu, +1-610-878-7800 jack.indekeu@interdigital.com or Investor Contact: Janet Point, +1-610-878-7800 janet.point@interdigital.com