KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--
InterDigital, Inc. (NASDAQ: IDCC) today announced financial guidance for
fourth quarter 2010. InterDigital® expects fourth quarter
2010 revenue to be in the range of approximately $92 million to $94
million. This range includes approximately $4.3 million in technology
solutions revenue associated with a modem core customer whose agreement
is expected to terminate as a result of the pending acquisition of that
customer by a third party. The range does not include the potential
impact of any additional new agreements that may be signed during fourth
quarter 2010 or the potential impact of any royalties identified in
audits regularly conducted by the company.
“Our expected fourth quarter 2010 revenue reflects continued strong
performance in sales of smartphones and the expansion of our licensee
base over the past year,” commented Scott McQuilkin, InterDigital’s
Chief Financial Officer.
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 fourth quarter 2010
revenue. Words such as “expects,” “may,” 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 customers and timely receipt and
final reviews of quarterly royalty reports from the company’s licensees
and related matters; (iii) amounts of royalties payable following
routine audits, if any, and the timely receipt of such amounts during
fourth quarter 2010; and (iv) the failure of the third party to
consummate its pending acquisition of one of our modem core customers.
InterDigital undertakes no obligation to revise or update publicly any
forward-looking statement for any reason, except as otherwise required
by law.
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