KING OF PRUSSIA, Pa., Nov 12, 2010 (BUSINESS WIRE) -- InterDigital, Inc.
(NASDAQ: IDCC) today announced financial guidance for fourth quarter 2010.
InterDigital(R) 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 Copyright Business Wire 2010 -0- KEYWORD: United States
North America
Pennsylvania INDUSTRY KEYWORD: Technology
Hardware
Internet
Software
Telecommunications
Professional Services
Banking
Finance SUBJECT CODE: Earnings