InterDigital Issues Financial Guidance for First Quarter 2012
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)-- InterDigital, Inc. (NASDAQ: IDCC) today announced financial guidance for first quarter 2012. InterDigital® expects first quarter 2012 revenue to be approximately $69 million. This revenue guidance does not include the potential impact of any additional new agreements that may be signed during first quarter 2012 or the potential impact of any royalties identified in audits regularly conducted by the company.
“The projected revenue for first quarter 2012 reflects a shift in market share from certain of our per-unit licensees to licensees with other types of agreements,” 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 strategic relationships with many of the world's leading wireless companies.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit the InterDigital website: 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 with respect to the company’s first quarter 2012 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; (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 first quarter 2012. 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.
CONTACT:
InterDigital
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
KEYWORDS: United States North America Pennsylvania
INDUSTRY KEYWORDS: Technology Networks Mobile/Wireless
MEDIA:
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