Rochester, NY 8/18/2009 1:12:01 AM
InterDigital, Inc. IDCC - InterDigital Recently Release its 2009 Third Quarter Financial Guidance
InterDigital, Inc. IDCC
The company announced its financial guidance for third quarter 2009. InterDigital expects third quarter 2009 revenue to be in the range of approximately $73.5 million to $75.5 million. The company array does not include any potential impact of any new agreements that may be signed during third quarter 2009 or the potential impact of any additional royalties identified in audits regularly.
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“Third quarter 2009 reflects solid 3G sales by our patent licensees,” commented Scott McQuilkin, InterDigital’s Chief Financial Officer. “In addition, based on the sales reports it appears that the declines in overall handset sales have stabilized in second quarter 2009 and indeed some of our key licensees have reported increases in sales.”
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