Company to Host Conference Call at 2:00 PM ET to Discuss Recent ITC
Determination
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--
InterDigital, Inc. (NASDAQ:IDCC) today announced financial guidance for
third quarter 2009. InterDigital(R) expects third quarter 2009
revenue to be in the range of approximately $73.5 million to $75.5
million. This range does not include any potential impact of any new
agreements that may be signed during third quarter 2009 or the potential
impact of any additional royalties identified in audits regularly
conducted by the company.
"Third quarter 2009 reflects solid 3G sales by our patent licensees,"
commented Scott McQuilkin, InterDigital's Chief Financial Officer. "In
addition, based on the sales reports it appears that the declines in
overall handset sales have stabilized in second quarter 2009 and indeed
some of our key licensees have reported increases in sales."
As a follow up to the company's press release on Friday, August 14, 2009
regarding the Initial Determination (ID) in the company's ITC case
involving Nokia, the company will host a conference call today at 2:00
p.m. to discuss the determination and the appeal process.
Conference Call Information
For telephone access to the conference, call (888) 802-2225 within the
U.S. or (913) 312-1254 from outside the U.S. Please call by 1:50 p.m. ET
and ask the operator for the InterDigital Business Update Call. The call
will also be webcast live and archived for 30 days on the company's
website, www.interdigital.com.
In addition, a telephone replay will be available from 5:00 p.m. ETAugust 17 to 5:00 p.m. ETAugust 22. To access the recorded replay, call
(888) 203-1112 or (719) 457-0820 and use the replay code 9594462
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 third quarter 2009
recurring and non-recurring 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
third quarter 2009.
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