InterDigital Inc (IDCC)

[olddog967]

mickey: This all happened before my interest in IDCC. I wouldn't say that IDCC was run by idiots; but, as with many new technologies, they bet on the wrong horse. The following comment in IDCC's FORM 10-Q For the quarterly period ended March 31, 2000, is a pretty good summary of what happened with IDCC an BCDMA.

"As a result of the decline in the rural fixed and wireless access market and the anticipated emergence of 3G standards in 1999, we ceased further development and sales activities with regard to WLL equipment. In 1999, Siemens withdrew from the B-CDMA Alliance. In April 1999, Alcatel informed us that it was also withdrawing from our B-CDMA technology development project, on the same basis. As a result of Alcatel's and Siemens' decisions as well as our own assessment of the WLL market, we decided to reduce our resource commitment to B- CDMA technology development
.
In 1999, we also decided to discontinue the manufacture of the UltraPhone system. We sustained significant losses over the life of the UltraPhone product line due to our inability to achieve sufficient sales volumes and the need to continue to consistently upgrade and re- engineer the product, at significant expense. We expect final shipments will be completed by June 2000 at which point we expect to fully exit the business."

http://ir.interdigital.com/Cache/1500085324.PDF?O=PDF&T=&Y=&D=&FID=1500085324&iid=4103938