KING OF PRUSSIA, Pa. — (BUSINESS WIRE) — August 6, 2010 — InterDigital, Inc. (NASDAQ: IDCC) today announced financial guidance for third quarter 2010. InterDigital® expects third quarter 2010 revenue to be in the range of approximately $88.5 million to $90.5 million, representing year-over-year growth of seventeen to twenty percent. This revenue range does not include the potential impact of any additional new agreements that may be signed during third quarter 2010 nor the potential impact of any royalties identified in audits regularly conducted by the company.
“We expect growth in revenues in the third quarter versus a year ago from a combination of strong sales at a number of our per-unit licensees and new customer agreements entered into over the past year,” commented Scott McQuilkin, InterDigital’s Chief Financial Officer. “Our breadth of wireless customers and traction in supplying wireless modem core technologies to an array of emerging wireless industry players provides a foundation for continued growth.”
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 third 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 routine audits, if any, and the timely receipt of such amounts during third quarter 2010. InterDigital undertakes no obligation to revise or update publicly any forward-looking statement for any reason, except as otherwise required by law.