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InterDigital Issues Financial Guidance for Second Quarter 2010

^{Published on 2010-05-20 14:30:23 - Market Wire}
 

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.

"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."

aOur penetration of the global wireless market with our broad 3G technology portfolio continues its momentum as we add new customers,a commented Scott McQuilkin, InterDigitala™s Chief Financial Officer. aRecent agreements with Casio, Beceem, and Capital Semiconductor further broaden our base, providing new streams of revenue and further strengthening our already solid financial position.a

About InterDigital

InterDigital develops fundamental wireless technologies that are at the core of mobile devices, networks, and services worldwide. We solve many of the industrya™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 worlda™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 companya™s second quarter 2010 revenue. Words such as aexpects,a amay,a 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 companya™s customers and timely receipt and final reviews of quarterly royalty reports from the companya™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.