KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--
InterDigital, Inc. (NASDAQ:IDCC) today announced financial guidance for
second quarter 2010. InterDigital® expects second quarter
2010 revenue to be in the range of approximately $81 million to $83
million. This range does not include the potential impact of any
additional new agreements that may be signed during second quarter 2010
or the potential impact of any royalties identified in audits regularly
conducted by the company.
“Our penetration of the global wireless market with our broad 3G
technology portfolio continues its momentum as we add new customers,”
commented Scott McQuilkin, InterDigital’s Chief Financial Officer.
“Recent agreements with Casio, Beceem, and Capital Semiconductor further
broaden our base, providing new streams of revenue and further
strengthening our already solid financial position.”
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 second 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; and (iii) amounts of royalties payable following
other routine audits, if any, and the timely receipt of such amounts
during second quarter 2010. 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
Email: jack.indekeu@interdigital.com
or
Investor
Contact:
Janet Point
+1 610-878-7800
Email: janet.point@interdigital.com