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InterDigitala?s Board of Directors Declares Quarterly Cash Dividend

^{Published on 2010-12-13 13:25:17 - Market Wire}
 

KING OF PRUSSIA, Pa.--([ BUSINESS WIRE ])--InterDigital, Inc. (NASDAQ:IDCC) is pleased to announce that its Board of Directors has approved the companya™s initial dividend policy, pursuant to which the company will pay a regular quarterly cash dividend of $0.10 per share on its common stock. The Board has declared the first quarterly cash dividend to be payable on February 2, 2011 to shareholders of record of the companya™s common stock at the close of business on January 12, 2011.

"The initiation of a regular dividend reflects the stability of the company, its strong performance over the past several years and our confidence in the long-term prospects for the business."

aWith one of the strongest wireless technology portfolios in the industry, InterDigital^® continues to drive shareholder value through a combination of strategic investments in its business and appropriate levels of capital return, both in the form of cash dividends and stock repurchases,a said Terry Clontz, InterDigitala™s Chairman of the Board. aThe initiation of a regular dividend reflects the stability of the company, its strong performance over the past several years and our confidence in the long-term prospects for the business.a

In establishing the initial level of the regular quarterly dividend, the Board of Directors considered a number of factors, including current and future performance metrics, use of cash to grow the business and maintain ample flexibility to pursue strategic investments. The Board will review the companya™s capital policy periodically to determine the appropriate level of dividend distributions as well as other means to return capital to shareholders, including the repurchase of common stock.

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 ].

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding our current beliefs, plans and expectations, including, without limitation: (i) our plans to pay a quarterly cash dividend of $0.10 per share, (ii) our confidence in the long-term prospects for the business and (iii) our plans to review the companya™s capital policy periodically and what factors such review will assess. Words such as awill,a aplansa and variations of any such words 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, without limitation, those identified in this press release, as well as the following: (i) unanticipated delays, difficulties or acceleration in the execution of patent license or technology solutions agreements; (ii) our ability to leverage our strategic relationships and secure new patent license or technology solutions agreements on acceptable terms; (iii) changes in the market share and sales performance of our primary licensees, delays in product shipments of our licensees and timely receipt and final reviews of quarterly royalty reports from our licensees and related matters; (iv) the failure of the markets for our technologies to materialize to the extent or at the rate that we expect; (v) the resolution of current legal proceedings, including any awards or judgments relating to such proceedings, additional legal proceedings, changes in the schedules or costs associated with legal proceedings or adverse rulings in such legal proceedings and (vi) an increase in the companya™s cash needs or a decrease in available cash or the companya™s inability to declare a dividend in compliance with applicable laws. We undertake no duty to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority.