InterDigital Inc (IDCC)

[olddog967]

mickey: Welcome back. I see you are just as enthusiastic as ever.

As far the $75-$100 million IOT revenues goal see the highlighted portion of Merritt's comment below. I can't see investors willing to pay much of a current premium, for a projected revenue goal that may or may not be reached 5 years out.



Bill Merritt, InterDigital Inc - President & CEO [8]

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Sure. So as we mentioned there's two components of revenue, high level right. There's the connection level revenue which we will give to Avanci and then separately there is the upper layer revenue that will come from the software and patent licensing with respective to those upper layers. When we put out the goal on IoT revenue we did say that we were also going to help people along the way because that was a 5-year goal and we would need to give you milestones along the way to show that we are marching towards that objective.