KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--
InterDigital, Inc. (NASDAQ:IDCC) today announced financial guidance for
fourth quarter 2009. InterDigital(R) expects fourth quarter
2009 revenue to be in the range of approximately $75.0 million to $76.0
million. This range does not include the potential impact of any new
agreements that may be signed during fourth quarter 2009 or the
potential impact of any additional royalties identified in audits
regularly conducted by the company.
"Fourth quarter 2009 revenue reflects some weakness in per unit
royalties from our Japanese-based licensees offset by a full quarter's
contribution from our new licensee, Pantech, and solid sales by our
Smartphone licensees," commented Scott McQuilkin, InterDigital's Chief
Financial Officer. "The revenue also reflects solid growth in our
technology solutions revenue, mirroring the success our technology
licensees continue to see in the handset market."
About InterDigital
InterDigital 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.
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 fourth quarter 2009
revenue. Words such as "expects," "may," "potential," 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
routine audits, if any, and the timely receipt of such amounts during
fourth quarter 2009.
Source: InterDigital, Inc.
Contact: InterDigital
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