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Motorola Expands VIVO's Delivery of CDMA 3G EV-DO High Speed Mobile
Services
SAO PAULO, Brazil, March 9, 2006 /PRNewswire-FirstCall via COMTEX/ -- Motorola, Inc. (NYSE: MOT) today announced the CDMA 3G EV-DO network expansion for VIVO. This development enables VIVO to effectively manage large increases in high speed mobile data network traffic for Brasilia and Curitiba, two Brazilian cities where VIVO brings its third generation services. As well as supporting increased traffic and enabling deployment of new applications and services, the network expansion is designed to provide mobile data subscribers with faster access to Internet, m-commerce and company Intranets.
"Motorola delivered the industry's first commercial CDMA network in 1995, and continues to promote the evolution of this technology, which at one time provided only basic voice, to today's networks that give subscribers access to high-speed mobile broadband," Mauricio Gomes - General Director of Motorola comments. "This expansion for VIVO is a continuation of a more than ten year relationship and supports their subscribers' demands for more and more advanced mobile services enabling seamless communication, regardless of application."
"To meet the increased demand of high-speed services from our existing network, allowing our clients to use third generation services in high speed, we are pioneering and offering next generation applications. We are making history on mobile telephony in Brazil, as for example, the TV transmission on cell phones, launched in 7th July, 2005," said Javier Rodriquez, technology vice-president, VIVO.
According to the latest budget figures examined by leading technology market analyst ABI Research, many mobile operators worldwide will commit increased capital expenditure to network expansion this year. The CAPEX data, collected for the company's new "Mobile Operator Performance Benchmarks Database", reflects increased mobile telephone usage and growing saturation in mature markets.
About Motorola
Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of Seamless Mobility, the people of Motorola are committed to helping you get and stay connected simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.8 billion in 2005. For more information about our company, our people and our innovations, please visit http://www.motorola.com .
About VIVO
As part of the Portugal Telecom and Telfonica Moviles Groups, VIVO is the largest cellular telephone operator in the Southern Hemisphere with more than 30 million customers in Brazil. The company is the leader of both the individual and corporate segments and provides solutions to the latter through its VIVO Empresas business unit.
VIVO's competitive leader is in its CDMA technology -- which is the basis of the Third Generation cellular telephone all over the world, according to International Telecommunications Union. (ITU). Add to this its coverage, modernity and the innovative nature of its voice and data transmission services, such as high-speed mobile Internet, video transmission and other formats of online communication.
For more information about VIVO, visit: http://www.vivo.com.br .
MOTOROLA and the stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners.
SOURCE Motorola, Inc.
CONTACT: Luciana Vedovato, Communication and Corporate Affairs of Motorola Brazil, +55-11-3030-5045 (office), +55-11-9643-0001 (mobile), luciana.vedovato@motorola.comURL: http://www.prnewswire.com http://www.motorola.com http://www.vivo.com.brwww.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved.
-0-
KEYWORD: BrazilINDUSTRY KEYWORD: CPR TLS MENSUBJECT CODE: PDT
almost 27.00
orientbull-Keep it up buddy.
:)
=DJ FOCUS: European Wireless Crowd Mulls Cheaper 3G Option
By Joon Knapen Of DOW JONES NEWSWIRES
FRANKFURT (Dow Jones)--European wireless operators, which spent more than EUR100 billion on third-generation permits, are exploring how to offer faster mobile services with the older licenses they've owned for years.
The aim is to run 3G services - which allow music and video downloads onto mobile phones - on the lower radio frequencies that have carried mobile traffic for more than a decade.
That could allow operators to use existing networks, saving money on the rollout of 3G and helping support margins that are under pressure from intense competition. However, the technology isn't fully developed, and regulatory permission could be a stumbling block - particularly as there won't be enough spectrum available for all companies.
So far, France Telecom SA's (FTE) Orange is the only European operator to gain regulatory approval for using the lower 900 megahertz frequency for 3G. But others, including Vodafone Group PLC (VOD), Telefonica SA's (TEF) O2 PLC and Royal KPN NV (KPN), are studying the issue as they push for the mass-market adoption of 3G in coming years.
"It looks like 900 MHz is a potentially very valuable frequency for deploying 3G," said Martin Cave, a professor at Warwick Business School and former adviser to U.K. telecoms regulator Ofcom. "But there are some complex competition and spectrum management issues in countries such as Germany and the U.K."
Radio spectrum is finite, making it a precious commodity. Ever since the cash-draining 3G license auctions of the early 2000s, companies have sought cost-efficient technologies as they battle to recoup some of the enormous investment.
The conventional mobile standard in Europe is the global system for mobile communications, or GSM, which runs at 900 MHz and 1,800 MHz. The 3G standard operates at 2,100 MHz.
France Telecom has tested a system using equipment from Canada's Nortel Networks Inc. (NT) and chips from Qualcomm Inc. (QCOM), achieving data transmission speeds similar to the conventional 3G networks. Nortel says its technology enables operators to free up GSM spectrum, allowing double the number of calls possible on normal 3G networks.
Deploying 3G over 900 MHz could help companies save up to 60% on operating costs, according to industry experts. A study by Nortel Networks estimates operators would need 60% fewer sites for masts.
KPN's German unit E-Plus estimates switching to 900 MHz from 2,100 MHz could save it roughly EUR300 million in operating costs, Chief Operating Officer Thorsten Dirks said.
Facing intense competition, the mobile crowd needs all the balm it can get. Last year, E-Plus had an operating loss of EUR5 million.
The new technology is particularly suited to those rural areas where coverage isn't commercially viable but is a requirement of license conditions.
Orange argues it is also suitable for towns and cities. Lower-frequency 3G is "a complementary solution to existing 3G services that will enable Orange to provide wireless Internet to both rural and urban areas," said Vivek Badrinath, executive vice president products, technology and innovation at Orange. "This will enable us to deliver a true nationwide (3G) service," Badrinath added.
Vodafone - the world's largest cellphone company by sales - is also pursuing the deployment of 3G over 900 MHz. A joint statement with Nortel issued last month said they "support the authorization of 900 MHz for (3G) services in various European regions, including Spain, to increase the availability of mobile broadband services."
According to one person familiar with the matter, Bouygues Telecom, a unit of French building-to-broadcasting conglomerate Bouygues SA (12050.FR), is also studying the issue. The company is readying to roll out a 3G network which should be operational in 2007. A spokesman declined to elaborate on the kind of technology it will use.
However, experts say it will take at least a year to overcome regulatory and technical hurdles a broad deployment of 3G over 900 MHz.
Telefon AB LM Ericsson (ERICY) and Nokia Corp. (NOK), the world's largest mobile network equipment-makers, are working to develop the technology.
"We have discussions on this topic with a few customers, mostly in Europe," said Andreas Hesler, a director of strategy and business development at Ericsson. The Swedish company could provide equipment within six months of an order being received, but it would take longer - perhaps a year - to get mobile devices to the market, he said.
A spokeswoman for Nokia said it will have its first equipment available in the first half of 2007.
But even if technical issues are resolved, regulators will have the final say on the future of low-frequency 3G.
While there's enough spectrum in France, Spain and Italy, where there are fewer network operators, in crowded markets like the U.K., Austria and the Netherlands there isn't enough at the lower frequency for all companies to run 3G over conventional networks, experts say.
The situation in Germany highlights a major hurdle to regulators' approval of using lower frequencies for 3G.
E-Plus wants the regulator to redistribute spectrum, arguing it should give all operators an equal share of the different frequencies before it approves 3G over 900 MHz, Dirks said. In February, E-Plus bought its first two pieces of spectrum over the 900 MHz frequency.
In theory, other operators could object, and appeal to regulator RegTP.
Deutsche Telekom AG (DT), which owns one of the largest German wireless operators, T-Mobile, isn't "at present" looking into the matter, said Chief Executive Kai-Uwe Ricke.
Vodafone's German operator, D2, noted that the regulatory environment doesn't yet allow the deployment of 3G over 900 MHz.
RegTP says it is considering the issue as part of its review of UMTS spectrum. "We know that there is interest for this in Germany," said spokesman Manfred Kuester.
Swedish regulator PTS said operators are welcome to apply to run 3G over 900 MHz, though it won't move too quickly for fear of harming the market and some individual players. However, Urban Landmark, head of the mobile and broadband unit at PTS, said: "It will come sooner or later."
-By Joon Knapen, Dow Jones Newswires; +49-69-29725509; joon.knapen@dowjones.com
(Magnus Hansson in Stockholm, David Roman in Madrid, Nicolas Fildes in London and Greg Keller in Paris contributed to this report.)
(END) Dow Jones Newswires
03-09-06 1009ET
Copyright (c) 2006 Dow Jones & Company, Inc.
8-K: INTERDIGITAL COMMUNICATIONS CORP
(EDGAR Online via COMTEX) -- ================================================================================
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
--------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (Date of earliest event reported): March 9, 2006
--------------
InterDigital Communications Corporation (Exact name of registrant as specified in its charter)
Pennsylvania 1-11152 23-1882087 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.)
781 Third Avenue, King of Prussia, PA 19406-1409 (Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 610-878-7800
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
================================================================================
Item 2.02. Results of Operations and Financial Condition.
(a) On March 9, 2006, InterDigital Communications Corporation issued a press release announcing its results of operations and financial condition for the year ended December 31, 2005. A copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
99.1 Press release dated March 9, 2006.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
INTERDIGITAL COMMUNICATIONS CORPORATION
By: /s/ R.J. Fagan ----------------------------------------------- Richard J. Fagan Chief Financial Officer
Dated: March 9, 2006
EXHIBIT INDEX
Exhibit No. Description----------- -----------
99.1 Press release dated March 9, 2006
Exhibit 99.1
InterDigital Announces Fourth Quarter and Full Year 2005 Financial Results; Company Projects First Quarter 2006 Revenue of $50 million to $52 million; Board Authorizes $100 Million Share Repurchase Program
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--March 9, 2006--InterDigital Communications Corporation (Nasdaq:IDCC) today announced financial results for the fourth quarter and full year ended December 31, 2005. For the fourth quarter 2005, the company reported revenue of $40.5 million and net income of $45.0 million, or $0.80 per share (diluted). For the full year 2005, revenue and net income totaled $163.1 million and $54.7 million or $0.96 per share (diluted), respectively. The results for the full year and fourth quarter included non-cash, non-recurring tax benefits of $43.7 million, or approximately $0.76 per share (diluted), mainly related to the fourth quarter reversal of the company's valuation allowance against its federal deferred tax assets. The company ended 2005 with a cash and short-term investment position of approximately $105.7 million. This position is expected to be further strengthened in first quarter 2006 by approximately $111 million in royalty prepayments, the majority of which has been received, from both existing licensees and LG Electronics' (LG) first scheduled payment, net of related source withholding taxes, under its recently executed license agreement. The company also announced that its Board of Directors approved the repurchase of up to $100 million of the company's outstanding Common Stock. Shares may be repurchased, from time-to-time, through open market purchases, pre-arranged trading plans or privately negotiated transactions. The amount and timing of purchases will be based on a variety of factors, including potential stock repurchase price, cash requirements, acquisition opportunities, strategic investments and other market and economic factors. William J. Merritt, President and Chief Executive Officer, stated, "2005 marked another very good year for InterDigital. We substantially increased our revenue, further grew our already large base of patent licensees, added two customers for our HSDPA offering, returned $34 million to shareholders through the repurchase of two million shares of common stock and sharpened organizational focus to drive toward our ultimate goal of securing revenue from every 3G terminal unit sold. With the addition of LG as a licensee in early 2006, we now estimate that we derive revenue on approximately 35% to 40% of all 3G terminal units sold worldwide." Mr. Merritt added, "During 2005, we also expanded our dual mode modem offering for terminal units through both internal 3G development and external licensing of market-proven GSM/GPRS/EDGE technology. Our key goals for 2006 include completing and enhancing that offering and achieving meaningful market penetration, growing our base of patent licensees, expanding and defending our IPR position and seeking further investments in technologies that can enhance the attractiveness and profitability of our technology solutions. We are confident that these activities can drive even greater value for our shareholders. With our strong financial position, we can support investments in both our business opportunities and in our own stock in order to maximize the return of value to our shareholders."
Fourth Quarter Summary
Revenues in fourth quarter 2005 increased 19% to $40.5 million from $33.9 million in the fourth quarter 2004, driven by higher technology solution revenue and recurring royalties. For fourth quarter 2005, recurring royalty revenue of $36.2 million increased $3.3 million, or 10%, when compared to fourth quarter 2004. This increase was due to both royalties from new licensees in 2005 and generally higher royalties from existing licensees. Fourth quarter 2005 technology solution revenue of $4.3 million increased $4.1 million over last year's comparable fourth quarter primarily due to revenue from agreements with General Dynamics and Philips. Fourth quarter 2004 also included $0.8 million of non-recurring revenue, a portion of which related to past sales of products covered under a new license agreement. Licensees that accounted for 10% or more of fourth quarter 2005 revenue were NEC (28%), Sharp (25%) and Sony Ericsson (10%). The company's net income increased to $45.0 million, or $0.80 per share (diluted), in fourth quarter 2005 from a loss of $0.2 million, or breakeven earnings per share, in fourth quarter 2004. This increase was primarily due to the recognition of non-cash, non-recurring tax benefits of $43.7 million, mainly related to the reversal of the company's valuation allowance against its federal deferred tax assets. Fourth quarter 2005 operating expenses of $39.0 million increased 24% over fourth quarter 2004. The most significant quarter-over-quarter increases included an adjustment to the long-term compensation program accrual and ongoing patent arbitration and litigation costs. In fourth quarter 2005 total expense for current and now concluded patent arbitration or litigation was approximately $8 million. The balance of the increase from quarter-to-quarter was due to investments in key technology initiatives, higher patent amortization and repositioning activities. The company's fourth quarter 2005 tax expense, excluding non-recurring tax benefits of $43.7 million, was $1.1 million, consisting of non-cash charges for both federal income taxes and non-U.S. withholding taxes. Fourth quarter 2004 tax expense of $3.3 million consisted of non-cash charges for both federal income and non-U.S. withholding taxes.
Twelve Month Summary
For the full year 2005, revenues were $163.1 million compared to $103.7 million in 2004. This 57% increase was attributable to growth in royalties from patent licensees under agreements in effect at the beginning of 2005, new patent licensees added during 2005 and growth in revenue primarily related to technology solution agreements with General Dynamics and Philips. The increase was also due, in part, to the third quarter 2004 transition in reporting per-unit royalties which resulted in no per-unit royalties being recognized in that quarter. Revenues for 2005 included $133.9 million of recurring royalties, $10.2 million related to past sales of products covered under new license agreements and $19.0 million from technology solution agreements with General Dynamics and Philips. Revenues for 2004 included $101.6 million of recurring royalties, $1.8 million primarily related to past sales of products covered under new license agreements and $0.3 million from technology solution agreements. Licensees that accounted for 10% or more of full year 2005 revenue were NEC (30%) and Sharp (22%). The company reported net income of $54.7 million for the year 2005, or $0.96 per share (diluted), compared to net income in 2004 of $0.1 million, or breakeven earnings per share. The increase in net income was primarily due to higher revenue and non-cash, non-recurring tax benefits in 2005. Operating expenses of $146.0 million in 2005 increased 33% over 2004, due mainly to (i) significantly higher costs associated with patent licensing arbitration and/or litigation with Nokia, Samsung and Lucent (totaling nearly $28 million for the year), (ii) long-term compensation program costs, (iii) executive severance costs and (iv) investment in technology solution initiatives. In 2005, the company generated approximately $11.3 million of free cash flow(1). Also in 2005, the company expended $34.1 million in connection with the repurchase of two million shares of the company's stock and $8.1 million to acquire complementary patents and related assets.
First Quarter 2006 Outlook
Rich Fagan, Chief Financial Officer commented, "In first quarter 2006, we expect to report revenue of $50 million to $52 million. This revenue amount includes slightly more than $11 million related to the recently announced patent license agreement with LG (for which we are recognizing revenue associated with $285 million in total expected payments on a straight-line amortization over the approximately five-year term of the agreement) as well as increases in sales from some of our other licensees. We anticipate that first quarter 2006 operating expenses, excluding current patent arbitration or litigation costs, will be in line with those experienced in fourth quarter 2005 reflecting continued investment in our dual mode terminal unit offering. Patent arbitration and litigation expense will depend on the level of activity through the remainder of the quarter. Lastly, we expect that our book tax rate for first quarter 2006 will approximate 35% to 37%."
About InterDigital
InterDigital Communications Corporation designs, develops and provides advanced wireless technologies and products that drive voice and data communications. InterDigital is a leading contributor to the global wireless standards and holds a strong portfolio of patented technologies which it licenses to manufacturers of 2G, 2.5G, 3G and 802 products worldwide. Additionally, the company offers baseband product solutions and protocol software for 3G multimode terminals and converged devices, delivering time-to-market, performance and cost benefits. The company's financial strength and solid revenue base contribute to the continued investment in innovation and development that will shape the next generation of wireless technology. For more information, visit the InterDigital website: www.interdigital.com.
(1) InterDigital defines "free cash flow" as operating cash flow less purchases of property and equipment and investments in patents.
This press release contains forward-looking statements regarding our current beliefs, plans, and expectations as to (i) the percent of 3G terminal units sold on which we derive revenue (ii) our goals for 2006, (iii) our ability to support investment in business opportunities and our stock, and (iv) our first quarter 2006 revenue, operating expenses and book tax rate. Words such as "expect," "future," "should," "continue," "will," "assessing," "anticipate" or similar expressions are intended to identify such forward-looking statements.
Forward-looking statements are subject to risks and uncertainties, andactual outcomes could differ materially from those expressed in or anticipatedby such forward-looking statements due to a variety of factors including thoseidentified in this press release as well as the following: (i) unanticipateddelays, difficulties or acceleration in the execution of patent licenseagreements; (ii) our ability to leverage our strategic relationships and securenew relationships or appropriate technologies on acceptable terms, changes inthe market share and sales performance of our primary licensees, delays inproduct shipments of our licensees, and any delay in receipt of quarterlyroyalty reports from our licensees; (iii) changes or inaccuracies in marketdata; (iv) the market relevance of our technologies, changes in technologypreferences of strategic partners or consumers, the availability or developmentof substitute or competitive technologies, and the economy and sales trends inthe wireless market; (v) changes in personnel costs and commissions; (vi) theresolution of current legal proceedings or unanticipated additional legalproceedings, or changes in the schedules or costs associated with currentproceedings, or adverse rulings in such legal proceedings; and, (vii) changes inour foreign withholding tax. We undertake no duty to publicly update anyforward-looking statements, whether as a result of new information, futureevents or otherwise. SUMMARY CONSOLIDATED STATEMENT OF OPERATIONS -------------------------------------------- For the Periods Ended December 31 (Dollars in thousands except per share data) (unaudited)
For the Three For the Twelve Months Ended Months Ended December 31, December 31, --------------------------------------- 2005 2004 2005 2004 ---------------------------------------REVENUES $40,489 $33,932 $163,125 $103,685 --------- --------- --------- ---------
OPERATING EXPENSES: Sales and marketing 2,299 1,792 7,914 6,201 General and administrative 6,252 5,756 24,150 21,622 Patents administration and licensing 13,377 10,702 49,399 30,340 Development 16,391 13,127 63,095 51,218 Repositioning 631 (11) 1,480 596 --------- --------- --------- --------- 38,950 31,366 146,038 109,977 --------- --------- --------- ---------
Income (loss) from operations 1,539 2,566 17,087 (6,292)
NET INTEREST & OTHER INVESTMENT INCOME 918 617 3,164 1,743 --------- --------- --------- ---------
Income (loss) before income taxes 2,457 3,183 20,251 (4,549)
INCOME TAX BENEFIT (PROVISION) 42,573 (3,347) 34,434 4,704 --------- --------- --------- ---------
Net income (loss) 45,030 (164) 54,685 155
PREFERRED STOCK DIVIDENDS - - - (66) --------- --------- --------- ---------
NET INCOME (LOSS) APPLICABLE TO COMMON SHAREHOLDERS $45,030 $ (164) $54,685 $ 89 ========= ========= ========= =========
NET INCOME PER COMMON SHARE - BASIC $0.83 $- $1.01 $- ========= ========= ========= =========
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC 53,943 55,036 54,058 55,264 ========= ========= ========= =========
NET INCOME PER COMMON SHARE - DILUTED $0.80 $- $0.96 $- ========= ========= ========= =========
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED 56,370 55,036 57,161 59,075 ========= ========= ========= =========
SUMMARY CASH FLOW ----------------- For the Periods Ended December 31 (Dollars in thousands) (unaudited)
For the Three For the Twelve Months Ended Months Ended December 31, December 31, ------------------- ------------------- 2005 2004 2005 2004 ------------------- -------------------
Net income (loss) before income taxes $2,457 $3,183 $20,251 $(4,549)Taxes paid - - (755) (4,187)Depreciation & amortization 5,540 4,121 21,187 15,807Increase in deferred revenue 11,500 3,208 57,605 66,202Deferred revenue recognized (21,906) (16,702) (65,553) (53,601)(Increase) decrease in operating working capital, deferred charges and other (1,519) (3,342) 921 28,312Capital spending & patent additions (5,777) (5,429) (22,326) (16,899) --------- --------- --------- --------- CASH FLOW BEFORE FINANCING ACTIVITIES (9,705) (14,961) 11,330 31,085
Asset acquisition - - (8,050) -Disposal of fixed assets 169 - 169 -Debt decrease & preferred dividends (84) (47) (327) (236)Repurchase of common stock - - (34,085) (17,061)Stock issued 1,101 1,904 4,853 12,103 --------- --------- --------- --------- NET (DECREASE) INCREASE IN CASH AND SHORT-TERM INVESTMENTS $(8,519) $(13,104) $(26,110) $25,891 ========= ========= ========= =========
CONDENSED BALANCE SHEET ----------------------- (Dollars in thousands) (unaudited)
December 31, December 31, 2005 2004 ------------ ------------Assets------Cash & short-term investments $105,708 $131,818Accounts receivable 19,534 11,612Current deferred tax assets 42,103 5,170Other current assets 8,370 8,017Property & equipment and Patents (net) 70,176 51,688Long-term deferred tax assets and non-current assets 53,646 33,615 ------------ ------------TOTAL ASSETS $299,537 $241,920 ============ ============Liabilities and Shareholders' Equity------------------------------------Current portion of long-term debt $350 $212Accounts payable & accrued liabilities 30,129 21,546Current deferred revenue 20,055 28,075Long-term deferred revenue 71,193 71,121Long-term debt & long-term liabilities 3,496 5,307 ------------ ------------TOTAL LIABILITIES 125,223 126,261SHAREHOLDERS' EQUITY 174,314 115,659 ------------ ------------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $299,537 $241,920 ============ ============
The company's short-term investments are comprised of high quality creditinstruments including U.S. Government agency instruments and corporate bonds.Management views these instruments to be near equivalents to cash and believesthat investors may share this viewpoint. This release includes a summary cashflow statement that reflects the key activities causing the change in both ourcash and short-term investment balances. One of the subtotals in the summarycash flow statement is cash flow before financing activity. Management haspresented a reconciliation of this non-GAAP line item to net cash provided byoperating activities below: For the Three For the Twelve Months Ended Months Ended December 31, December 31, ------------------- ------------------- 2005 2004 2005 2004 ------------------- -------------------
Net cash (used) provided by operating activities $(3,959) $(9,589) $33,674 $48,230Purchases of property and equipment (1,366) (1,092) (5,372) (3,746)Patent additions (4,411) (4,337) (16,954) (13,153)Unrealized gain (loss) on short-term investments 31 57 (18) (246) --------- --------- --------- ---------Cash flow before financing activities $(9,705) $(14,961) $11,330 $31,085 ========= ========= ========= =========
InterDigital is a registered trademark of InterDigital Communications Corporation.
CONTACT: InterDigital Communications Corporation Media Contact: Jack Indekeu, 610-878-7800 jack.indekeu@interdigital.com or Investor Contact: Janet Point, 610-878-7800 janet.point@interdigital.com
(c) 1995-2006 Cybernet Data Systems, Inc. All Rights Reserved
Received by Edgar Online Mar 09, 2006
CIK Code: 0000354913Accession Number: 0001157523-06-002477
-0-
InterDigital will host a conference call on Thursday, March 9, 2006 at 10:00 a.m. Eastern Standard Time (EST) to discuss its fourth quarter and full year 2005 performance and other company matters. For access to the conference call within the U.S. please dial (877) 505-0448 by 9:50 a.m. EST on March 9 and ask the operator for the InterDigital Financial Call. Participants calling from outside the U.S. should dial (706) 679-3165.
InterDigital also will provide live access to the call on its web site at: www.interdigital.com. The company encourages participants to take advantage of the Internet option if possible. For the live Internet broadcast, click on link to the Live Web Cast on the homepage.
In addition, a replay of the call will be available from 1:00 p.m. EST March 9 through 11:00 p.m. EST March 13. To access the recorded replay, dial (800) 642-1687 and use the confirmation code 5999128. A replay of the conference call will be available for 30 days on InterDigital's web site in the Investing section.
Due to the listen-only nature of the web cast, questions or comments should be directed before the call to InterDigital's Investor Relations department via e-mail at: investor.relations@interdigital.com. The company will address e-mail questions on the call as time permits.
Google Alert for: interdigital
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KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--March 9, 2006--InterDigital
DJ InterDigital Swings To 4Q Net On Tax Benefits >IDCC
InterDigital Communications Corp. (IDCC) said Thursday fourth-quarter net income soared to $45 million, or 80 cents a share, boosted by tax benefits.
The full year and fourth quarter included tax benefits of $43.7 million, or 76 a share, mainly from the fourth-quarter reversal of the company's valuation allowance against its federal deferred tax assets.
A year ago, the King of Prussia, Pa., maker of communications equipment reported a loss of $164,000, or less than one cent a share.
In the latest quarter, sales rose 19% to $40.5 million from $33.9 million last year.
The company plans to repurchase $100 million in common stock.
-Jeremy Herron; 201-938-5400; AskNewswires@DowJones.com
(END) Dow Jones Newswires
03-09-06 0928ET
Copyright (c) 2006 Dow Jones & Company, Inc.
SAMSUNG: Samsung to lead the global mobile trend with the latest mobiles
for 2006 Samsung strengthens the 3G Line-up with powerful Z400 and reinforces
its leadership in 2.5G mobile with the world's slimmest slider D870
Hanover, Germany, Mar 09, 2006 (M2 PRESSWIRE via COMTEX) -- Samsung Electronics Co., Ltd. demonstrated its commitment for global mobile phone market, showcasing Samsung's hero 3G and 2.5G handsets with the latest design and technology at CeBIT 2006.
With the technology achievements of the world's first 3.6Mbps HSDPA technology demonstration at CES in January and the introduction of Europe's HSDPA phone at 3GSM, Samsung further enhances its leadership in 3G market with its powerful 3G model, the SGH-Z400 and reinforces its leadership 2.5G mobile phone market with the world's slimmest slider, the SGH-D870 at CeBIT 2006.
Kitae Lee, President of Telecommunication Network Business at Samsung, said, "Samsung's latest handsets are designed with simplicity in mind. These mobile phones demonstrate our continuing investment in handset design and functionality and address the consumers' need for desirable and high performing phones with elegant design. We believe that these powerful phones will set the trend for mobile phones this year and lead the 3G and 2.5G global mobile phone market. "
Powerful 3G Experience with Stylish 3G Mobile: the SGH-Z400
Samsung's latest hero, the SGH-Z400 especially exudes in its rich features and elegant design. Samsung's SGH-Z400 adopts the elegant slide-up form factor in a slim design. It supports all features of 3G such as video telephony and streaming and comes with a 2 Megapixel camera, document viewer, and an external memory slot in a sleek design that fits into one's hand. It also supports document viewer, Bluetooth and TV-output function. All these rich features are packed in only 18.4mm thickness. With the SGH-Z400, users can now experience 3G mobiles in a compact and even slim design. The ultimate synthesis of business function and executive style, this new Samsung 3G slider is equipped with all the features that users demand.
Samsung also showcased the fashion 3G slider, the SGH-Z550. Samsung's SGH-Z550 is a slim, 3G mobile, elegance with its clean-cut and simple design. Samsung's SGH-Z550 packs a two megapixel camera and 138MB embedded memory with an external memory slot in a slim case.
Premium Business 2.5G Mobile in the Ultimate slim Design : D870
With the ultimate slim slider, the SGH-D870, Samsung extends its mobile handset offering and strengthening its presence in the 2.5G handset market. Samsung's SGH-D870 offers the latest in multimedia technology with premium slide-up design for business professionals. It comes in 13mm in thickness with slide-up design, the thinnest ever. It also comes with a 3.13 megapixel camera, opening the 3 megapixel camera phone trend for European mobile market this year. The SGH-D870 also has all of the business features such as an external microSD memory slot, document viewer, TV-output function, as well as Bluetooth stereo headset (A2DP) function to enhance the multimedia experience.
Samsung also showcased the SGH-E900 GSM mobile. Samsung's SGH-E900 comes with an elegant black design with innovative touch key for quick and easy control. This slide-up handset has been designed for simplicity and convenience. The SGH-E900's intuitive dual interface, which automatically distinguishes music mode from talking mode, illuminates only the necessary buttons for simple navigation and limits accidental button-pushing. This tri-band handset with EDGE multimedia technology features a 2 megapixel camera with 4x flash for still photos, video recording and video messaging.
Samsung's new hero models for 3G and 2.5G not only look great, but include all of the latest multimedia and business must-have functionalities in a premium slim slide-up design.
The introduction of this new slim hero addresses the consumers' desire for thinner handsets. Samsung was mindful to develop slim handsets that remained highly reliable devices with feature-rich technology included. Samsung is strengthening its slim line-up and new portfolio of slim handsets will be introduced by Samsung around the world throughout 2006.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
-0-
trades from 28.81 -24.00
Thu Mar 9 08:54:16 2006 IDCC is "In Play"
Interdigital Comm misses by a penny, ex items; guides below consensus Reports Q4 (Dec) earnings of $0.04 per share, excluding an $0.76 tax benefit, $0.01 worse than the Reuters Estimates consensus of $0.05; revenues rose 19.4% year/year to $40.5 mln vs the $40.7 mln consensus. Co
*DJ InterDigital Sees 1Q Rev $50M-$52M >IDCC
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*DJ InterDigital 4Q Rev $40.5M Vs $33.9M, +19%>IDCC
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InterDigital Announces Fourth Quarter and Full Year 2005 Financial
Results; Company Projects First Quarter 2006 Revenue of $50 million to $52
million; Board Authorizes $100 Million Share Repurchase Program
KING OF PRUSSIA, Pa., Mar 09, 2006 (BUSINESS WIRE) -- InterDigital Communications Corporation (Nasdaq:IDCC) today announced financial results for the fourth quarter and full year ended December 31, 2005. For the fourth quarter 2005, the company reported revenue of $40.5 million and net income of $45.0 million, or $0.80 per share (diluted). For the full year 2005, revenue and net income totaled $163.1 million and $54.7 million or $0.96 per share (diluted), respectively. The results for the full year and fourth quarter included non-cash, non-recurring tax benefits of $43.7 million, or approximately $0.76 per share (diluted), mainly related to the fourth quarter reversal of the company's valuation allowance against its federal deferred tax assets. The company ended 2005 with a cash and short-term investment position of approximately $105.7 million. This position is expected to be further strengthened in first quarter 2006 by approximately $111 million in royalty prepayments, the majority of which has been received, from both existing licensees and LG Electronics' (LG) first scheduled payment, net of related source withholding taxes, under its recently executed license agreement.
The company also announced that its Board of Directors approved the repurchase of up to $100 million of the company's outstanding Common Stock. Shares may be repurchased, from time-to-time, through open market purchases, pre-arranged trading plans or privately negotiated transactions. The amount and timing of purchases will be based on a variety of factors, including potential stock repurchase price, cash requirements, acquisition opportunities, strategic investments and other market and economic factors.
William J. Merritt, President and Chief Executive Officer, stated, "2005 marked another very good year for InterDigital. We substantially increased our revenue, further grew our already large base of patent licensees, added two customers for our HSDPA offering, returned $34 million to shareholders through the repurchase of two million shares of common stock and sharpened organizational focus to drive toward our ultimate goal of securing revenue from every 3G terminal unit sold. With the addition of LG as a licensee in early 2006, we now estimate that we derive revenue on approximately 35% to 40% of all 3G terminal units sold worldwide."
Mr. Merritt added, "During 2005, we also expanded our dual mode modem offering for terminal units through both internal 3G development and external licensing of market-proven GSM/GPRS/EDGE technology. Our key goals for 2006 include completing and enhancing that offering and achieving meaningful market penetration, growing our base of patent licensees, expanding and defending our IPR position and seeking further investments in technologies that can enhance the attractiveness and profitability of our technology solutions. We are confident that these activities can drive even greater value for our shareholders. With our strong financial position, we can support investments in both our business opportunities and in our own stock in order to maximize the return of value to our shareholders."
Fourth Quarter Summary
Revenues in fourth quarter 2005 increased 19% to $40.5 million from $33.9 million in the fourth quarter 2004, driven by higher technology solution revenue and recurring royalties. For fourth quarter 2005, recurring royalty revenue of $36.2 million increased $3.3 million, or 10%, when compared to fourth quarter 2004. This increase was due to both royalties from new licensees in 2005 and generally higher royalties from existing licensees. Fourth quarter 2005 technology solution revenue of $4.3 million increased $4.1 million over last year's comparable fourth quarter primarily due to revenue from agreements with General Dynamics and Philips. Fourth quarter 2004 also included $0.8 million of non-recurring revenue, a portion of which related to past sales of products covered under a new license agreement. Licensees that accounted for 10% or more of fourth quarter 2005 revenue were NEC (28%), Sharp (25%) and Sony Ericsson (10%).
The company's net income increased to $45.0 million, or $0.80 per share (diluted), in fourth quarter 2005 from a loss of $0.2 million, or breakeven earnings per share, in fourth quarter 2004. This increase was primarily due to the recognition of non-cash, non-recurring tax benefits of $43.7 million, mainly related to the reversal of the company's valuation allowance against its federal deferred tax assets.
Fourth quarter 2005 operating expenses of $39.0 million increased 24% over fourth quarter 2004. The most significant quarter-over-quarter increases included an adjustment to the long-term compensation program accrual and ongoing patent arbitration and litigation costs. In fourth quarter 2005 total expense for current and now concluded patent arbitration or litigation was approximately $8 million. The balance of the increase from quarter-to-quarter was due to investments in key technology initiatives, higher patent amortization and repositioning activities.
The company's fourth quarter 2005 tax expense, excluding non-recurring tax benefits of $43.7 million, was $1.1 million, consisting of non-cash charges for both federal income taxes and non-U.S. withholding taxes. Fourth quarter 2004 tax expense of $3.3 million consisted of non-cash charges for both federal income and non-U.S. withholding taxes.
Twelve Month Summary
For the full year 2005, revenues were $163.1 million compared to $103.7 million in 2004. This 57% increase was attributable to growth in royalties from patent licensees under agreements in effect at the beginning of 2005, new patent licensees added during 2005 and growth in revenue primarily related to technology solution agreements with General Dynamics and Philips. The increase was also due, in part, to the third quarter 2004 transition in reporting per-unit royalties which resulted in no per-unit royalties being recognized in that quarter. Revenues for 2005 included $133.9 million of recurring royalties, $10.2 million related to past sales of products covered under new license agreements and $19.0 million from technology solution agreements with General Dynamics and Philips. Revenues for 2004 included $101.6 million of recurring royalties, $1.8 million primarily related to past sales of products covered under new license agreements and $0.3 million from technology solution agreements. Licensees that accounted for 10% or more of full year 2005 revenue were NEC (30%) and Sharp (22%).
The company reported net income of $54.7 million for the year 2005, or $0.96 per share (diluted), compared to net income in 2004 of $0.1 million, or breakeven earnings per share. The increase in net income was primarily due to higher revenue and non-cash, non-recurring tax benefits in 2005.
Operating expenses of $146.0 million in 2005 increased 33% over 2004, due mainly to (i) significantly higher costs associated with patent licensing arbitration and/or litigation with Nokia, Samsung and Lucent (totaling nearly $28 million for the year), (ii) long-term compensation program costs, (iii) executive severance costs and (iv) investment in technology solution initiatives.
In 2005, the company generated approximately $11.3 million of free cash flow(1). Also in 2005, the company expended $34.1 million in connection with the repurchase of two million shares of the company's stock and $8.1 million to acquire complementary patents and related assets.
First Quarter 2006 Outlook
Rich Fagan, Chief Financial Officer commented, "In first quarter 2006, we expect to report revenue of $50 million to $52 million. This revenue amount includes slightly more than $11 million related to the recently announced patent license agreement with LG (for which we are recognizing revenue associated with $285 million in total expected payments on a straight-line amortization over the approximately five-year term of the agreement) as well as increases in sales from some of our other licensees. We anticipate that first quarter 2006 operating expenses, excluding current patent arbitration or litigation costs, will be in line with those experienced in fourth quarter 2005 reflecting continued investment in our dual mode terminal unit offering. Patent arbitration and litigation expense will depend on the level of activity through the remainder of the quarter. Lastly, we expect that our book tax rate for first quarter 2006 will approximate 35% to 37%."
About InterDigital
InterDigital Communications Corporation designs, develops and provides advanced wireless technologies and products that drive voice and data communications. InterDigital is a leading contributor to the global wireless standards and holds a strong portfolio of patented technologies which it licenses to manufacturers of 2G, 2.5G, 3G and 802 products worldwide. Additionally, the company offers baseband product solutions and protocol software for 3G multimode terminals and converged devices, delivering time-to-market, performance and cost benefits. The company's financial strength and solid revenue base contribute to the continued investment in innovation and development that will shape the next generation of wireless technology. For more information, visit the InterDigital website: www.interdigital.com.
(1) InterDigital defines "free cash flow" as operating cash flow less purchases of property and equipment and investments in patents.
This press release contains forward-looking statements regarding our current beliefs, plans, and expectations as to (i) the percent of 3G terminal units sold on which we derive revenue (ii) our goals for 2006, (iii) our ability to support investment in business opportunities and our stock, and (iv) our first quarter 2006 revenue, operating expenses and book tax rate. Words such as "expect," "future," "should," "continue," "will," "assessing," "anticipate" or similar expressions are intended to identify such forward-looking statements.
Forward-looking statements are subject to risks and uncertainties, and actual outcomes could differ materially from those expressed in or anticipated by such forward-looking statements due to a variety of factors including those identified in this press release as well as the following: (i) unanticipated delays, difficulties or acceleration in the execution of patent license agreements; (ii) our ability to leverage our strategic relationships and secure new relationships or appropriate technologies on acceptable terms, changes in the market share and sales performance of our primary licensees, delays in product shipments of our licensees, and any delay in receipt of quarterly royalty reports from our licensees; (iii) changes or inaccuracies in market data; (iv) the market relevance of our technologies, changes in technology preferences of strategic partners or consumers, the availability or development of substitute or competitive technologies, and the economy and sales trends in the wireless market; (v) changes in personnel costs and commissions; (vi) the resolution of current legal proceedings or unanticipated additional legal proceedings, or changes in the schedules or costs associated with current proceedings, or adverse rulings in such legal proceedings; and, (vii) changes in our foreign withholding tax. We undertake no duty to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
SUMMARY CONSOLIDATED STATEMENT OF OPERATIONS -------------------------------------------- For the Periods Ended December 31 (Dollars in thousands except per share data) (unaudited) For the Three For the Twelve Months Ended Months Ended December 31, December 31, --------------------------------------- 2005 2004 2005 2004 ---------------------------------------REVENUES $40,489 $33,932 $163,125 $103,685 --------- --------- --------- ---------OPERATING EXPENSES: Sales and marketing 2,299 1,792 7,914 6,201 General and administrative 6,252 5,756 24,150 21,622 Patents administration and licensing 13,377 10,702 49,399 30,340 Development 16,391 13,127 63,095 51,218 Repositioning 631 (11) 1,480 596 --------- --------- --------- --------- 38,950 31,366 146,038 109,977 --------- --------- --------- --------- Income (loss) from operations 1,539 2,566 17,087 (6,292)NET INTEREST & OTHER INVESTMENT INCOME 918 617 3,164 1,743 --------- --------- --------- --------- Income (loss) before income taxes 2,457 3,183 20,251 (4,549)INCOME TAX BENEFIT (PROVISION) 42,573 (3,347) 34,434 4,704 --------- --------- --------- --------- Net income (loss) 45,030 (164) 54,685 155PREFERRED STOCK DIVIDENDS - - - (66) --------- --------- --------- ---------NET INCOME (LOSS) APPLICABLE TO COMMON SHAREHOLDERS $45,030 $ (164) $54,685 $ 89 ========= ========= ========= =========NET INCOME PER COMMON SHARE - BASIC $0.83 $- $1.01 $- ========= ========= ========= =========WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC 53,943 55,036 54,058 55,264 ========= ========= ========= =========NET INCOME PER COMMON SHARE - DILUTED $0.80 $- $0.96 $- ========= ========= ========= =========WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED 56,370 55,036 57,161 59,075 ========= ========= ========= ========= SUMMARY CASH FLOW ----------------- For the Periods Ended December 31 (Dollars in thousands) (unaudited) For the Three For the Twelve Months Ended Months Ended December 31, December 31, ------------------- ------------------- 2005 2004 2005 2004 ------------------- -------------------Net income (loss) before income taxes $2,457 $3,183 $20,251 $(4,549)Taxes paid - - (755) (4,187)Depreciation & amortization 5,540 4,121 21,187 15,807Increase in deferred revenue 11,500 3,208 57,605 66,202Deferred revenue recognized (21,906) (16,702) (65,553) (53,601)(Increase) decrease in operating working capital, deferred charges and other (1,519) (3,342) 921 28,312Capital spending & patent additions (5,777) (5,429) (22,326) (16,899) --------- --------- --------- --------- CASH FLOW BEFORE FINANCING ACTIVITIES (9,705) (14,961) 11,330 31,085Asset acquisition - - (8,050) -Disposal of fixed assets 169 - 169 -Debt decrease & preferred dividends (84) (47) (327) (236)Repurchase of common stock - - (34,085) (17,061)Stock issued 1,101 1,904 4,853 12,103 --------- --------- --------- --------- NET (DECREASE) INCREASE IN CASH AND SHORT-TERM INVESTMENTS $(8,519) $(13,104) $(26,110) $25,891 ========= ========= ========= ========= CONDENSED BALANCE SHEET ----------------------- (Dollars in thousands) (unaudited) December 31, December 31, 2005 2004 ------------ ------------Assets------Cash & short-term investments $105,708 $131,818Accounts receivable 19,534 11,612Current deferred tax assets 42,103 5,170Other current assets 8,370 8,017Property & equipment and Patents (net) 70,176 51,688Long-term deferred tax assets and non-current assets 53,646 33,615 ------------ ------------TOTAL ASSETS $299,537 $241,920 ============ ============Liabilities and Shareholders' Equity------------------------------------Current portion of long-term debt $350 $212Accounts payable & accrued liabilities 30,129 21,546Current deferred revenue 20,055 28,075Long-term deferred revenue 71,193 71,121Long-term debt & long-term liabilities 3,496 5,307 ------------ ------------TOTAL LIABILITIES 125,223 126,261SHAREHOLDERS' EQUITY 174,314 115,659 ------------ ------------TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $299,537 $241,920 ============ ============
he company's short-term investments are comprised of high quality credit instruments including U.S. Government agency instruments and corporate bonds. Management views these instruments to be near equivalents to cash and believes that investors may share this viewpoint. This release includes a summary cash flow statement that reflects the key activities causing the change in both our cash and short-term investment balances. One of the subtotals in the summary cash flow statement is cash flow before financing activity. Management has presented a reconciliation of this non-GAAP line item to net cash provided by operating activities below:
For the Three For the Twelve Months Ended Months Ended December 31, December 31, ------------------- ------------------- 2005 2004 2005 2004 ------------------- -------------------Net cash (used) provided by operating activities $(3,959) $(9,589) $33,674 $48,230Purchases of property and equipment (1,366) (1,092) (5,372) (3,746)Patent additions (4,411) (4,337) (16,954) (13,153)Unrealized gain (loss) on short-term investments 31 57 (18) (246) --------- --------- --------- ---------Cash flow before financing activities $(9,705) $(14,961) $11,330 $31,085 ========= ========= ========= =========
InterDigital is a registered trademark of InterDigital Communications Corporation.
SOURCE: InterDigital Communications Corporation
CONTACT: InterDigital Communications Corporation
Media Contact:
Jack Indekeu, 610-878-7800
jack.indekeu@interdigital.com
or
Investor Contact:
Janet Point, 610-878-7800
janet.point@interdigital.com
Copyright Business Wire 2006
-0-
KEYWORD: United States North America PennsylvaniaINDUSTRY KEYWORD: Technology Consumer Electronics Hardware Internet Software Telecommunications Professional Services Banking FinanceSUBJECT CODE: Earnings
*DJ InterDigital 4Q Net $45.0M Vs Loss $164,000>IDCC
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PRESS RELEASE: InterDigital Announces Fourth -3-
Cash flow before financing activities $(9,705) $(14,961) $11,330 $31,085 ========= ========= ========= =========
InterDigital is a registered trademark of InterDigital Communications Corporation.
CONTACT: InterDigital Communications Corporation Media Contact: Jack Indekeu, 610-878-7800 jack.indekeu@interdigital.com or Investor Contact: Janet Point, 610-878-7800 janet.point@interdigital.com SOURCE: InterDigital Communications Corporation Copyright Business Wire 2006
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03-09-06 0846ET
*DJ InterDigital 4Q EPS 80c Vs Nil>IDCC
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PRESS RELEASE: InterDigital Announces Fourth -2-
Forward-looking statements are subject to risks and uncertainties, and actual outcomes could differ materially from those expressed in or anticipated by such forward-looking statements due to a variety of factors including those identified in this press release as well as the following: (i) unanticipated delays, difficulties or acceleration in the execution of patent license agreements; (ii) our ability to leverage our strategic relationships and secure new relationships or appropriate technologies on acceptable terms, changes in the market share and sales performance of our primary licensees, delays in product shipments of our licensees, and any delay in receipt of quarterly royalty reports from our licensees; (iii) changes or inaccuracies in market data; (iv) the market relevance of our technologies, changes in technology preferences of strategic partners or consumers, the availability or development of substitute or competitive technologies, and the economy and sales trends in the wireless market; (v) changes in personnel costs and commissions; (vi) the resolution of current legal proceedings or unanticipated additional legal proceedings, or changes in the schedules or costs associated with current proceedings, or adverse rulings in such legal proceedings; and, (vii) changes in our foreign withholding tax. We undertake no duty to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
SUMMARY CONSOLIDATED STATEMENT OF OPERATIONS -------------------------------------------- For the Periods Ended December 31 (Dollars in thousands except per share data) (unaudited) For the Three For the Twelve Months Ended Months Ended December 31, December 31, --------------------------------------- 2005 2004 2005 2004 --------------------------------------- REVENUES $40,489 $33,932 $163,125 $103,685 --------- --------- --------- --------- OPERATING EXPENSES: Sales and marketing 2,299 1,792 7,914 6,201 General and administrative 6,252 5,756 24,150 21,622 Patents administration and licensing 13,377 10,702 49,399 30,340 Development 16,391 13,127 63,095 51,218 Repositioning 631 (11) 1,480 596 --------- --------- --------- --------- 38,950 31,366 146,038 109,977 --------- --------- --------- --------- Income (loss) from operations 1,539 2,566 17,087 (6,292) NET INTEREST & OTHER INVESTMENT INCOME 918 617 3,164 1,743 --------- --------- --------- --------- Income (loss) before income taxes 2,457 3,183 20,251 (4,549) INCOME TAX BENEFIT (PROVISION) 42,573 (3,347) 34,434 4,704 --------- --------- --------- --------- Net income (loss) 45,030 (164) 54,685 155 PREFERRED STOCK DIVIDENDS - - - (66) --------- --------- --------- --------- NET INCOME (LOSS) APPLICABLE TO COMMON SHAREHOLDERS $45,030 $ (164) $54,685 $ 89 ========= ========= ========= ========= NET INCOME PER COMMON SHARE - BASIC $0.83 $- $1.01 $- ========= ========= ========= ========= WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC 53,943 55,036 54,058 55,264 ========= ========= ========= ========= NET INCOME PER COMMON SHARE - DILUTED $0.80 $- $0.96 $- ========= ========= ========= ========= WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED 56,370 55,036 57,161 59,075 ========= ========= ========= ========= SUMMARY CASH FLOW ----------------- For the Periods Ended December 31 (Dollars in thousands) (unaudited) For the Three For the Twelve Months Ended Months Ended December 31, December 31, ------------------- ------------------- 2005 2004 2005 2004 ------------------- ------------------- Net income (loss) before income taxes $2,457 $3,183 $20,251 $(4,549) Taxes paid - - (755) (4,187) Depreciation & amortization 5,540 4,121 21,187 15,807 Increase in deferred revenue 11,500 3,208 57,605 66,202 Deferred revenue recognized (21,906) (16,702) (65,553) (53,601) (Increase) decrease in operating working capital, deferred charges and other (1,519) (3,342) 921 28,312 Capital spending & patent additions (5,777) (5,429) (22,326) (16,899) --------- --------- --------- --------- CASH FLOW BEFORE FINANCING ACTIVITIES (9,705) (14,961) 11,330 31,085 Asset acquisition - - (8,050) - Disposal of fixed assets 169 - 169 - Debt decrease & preferred dividends (84) (47) (327) (236) Repurchase of common stock - - (34,085) (17,061) Stock issued 1,101 1,904 4,853 12,103 --------- --------- --------- --------- NET (DECREASE) INCREASE IN CASH AND SHORT-TERM INVESTMENTS $(8,519) $(13,104) $(26,110) $25,891 ========= ========= ========= ========= CONDENSED BALANCE SHEET ----------------------- (Dollars in thousands) (unaudited) December 31, December 31, 2005 2004 ------------ ------------ Assets ------ Cash & short-term investments $105,708 $131,818 Accounts receivable 19,534 11,612 Current deferred tax assets 42,103 5,170 Other current assets 8,370 8,017 Property & equipment and Patents (net) 70,176 51,688 Long-term deferred tax assets and non-current assets 53,646 33,615 ------------ ------------ TOTAL ASSETS $299,537 $241,920 ============ ============ Liabilities and Shareholders' Equity ------------------------------------ Current portion of long-term debt $350 $212 Accounts payable & accrued liabilities 30,129 21,546 Current deferred revenue 20,055 28,075 Long-term deferred revenue 71,193 71,121 Long-term debt & long-term liabilities 3,496 5,307 ------------ ------------ TOTAL LIABILITIES 125,223 126,261 SHAREHOLDERS' EQUITY 174,314 115,659 ------------ ------------ TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $299,537 $241,920 ============ ============
The company's short-term investments are comprised of high quality credit instruments including U.S. Government agency instruments and corporate bonds. Management views these instruments to be near equivalents to cash and believes that investors may share this viewpoint. This release includes a summary cash flow statement that reflects the key activities causing the change in both our cash and short-term investment balances. One of the subtotals in the summary cash flow statement is cash flow before financing activity. Management has presented a reconciliation of this non-GAAP line item to net cash provided by operating activities below:
For the Three For the Twelve Months Ended Months Ended December 31, December 31, ------------------- ------------------- 2005 2004 2005 2004 ------------------- ------------------- Net cash (used) provided by operating activities $(3,959) $(9,589) $33,674 $48,230 Purchases of property and equipment (1,366) (1,092) (5,372) (3,746) Patent additions (4,411) (4,337) (16,954) (13,153) Unrealized gain (loss) on short-term investments 31 57 (18) (246) --------- --------- --------- ---------
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*DJ InterDigital Announces 4Q And Full Yr 2005 Fincl Results; Co Projects 1Q 2006 Rev Of $50 M To $52 Million; Bd Authorizes $100 M Shr Repurchase Program>IDCC
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PRESS RELEASE: InterDigital Announces Fourth Quarter and Full Year 2005 Financial Results; Company Projects First Quarter 2006 Revenue of $50 million to $52 million; Board Authorizes $100 Million Share Repurchase Program
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--March 9, 2006--
InterDigital Communications Corporation (Nasdaq:IDCC) today announced financial results for the fourth quarter and full year ended December 31, 2005. For the fourth quarter 2005, the company reported revenue of $40.5 million and net income of $45.0 million, or $0.80 per share (diluted). For the full year 2005, revenue and net income totaled $163.1 million and $54.7 million or $0.96 per share (diluted), respectively. The results for the full year and fourth quarter included non-cash, non-recurring tax benefits of $43.7 million, or approximately $0.76 per share (diluted), mainly related to the fourth quarter reversal of the company's valuation allowance against its federal deferred tax assets. The company ended 2005 with a cash and short-term investment position of approximately $105.7 million. This position is expected to be further strengthened in first quarter 2006 by approximately $111 million in royalty prepayments, the majority of which has been received, from both existing licensees and LG Electronics' (LG) first scheduled payment, net of related source withholding taxes, under its recently executed license agreement.
The company also announced that its Board of Directors approved the repurchase of up to $100 million of the company's outstanding Common Stock. Shares may be repurchased, from time-to-time, through open market purchases, pre-arranged trading plans or privately negotiated transactions. The amount and timing of purchases will be based on a variety of factors, including potential stock repurchase price, cash requirements, acquisition opportunities, strategic investments and other market and economic factors.
William J. Merritt, President and Chief Executive Officer, stated, "2005 marked another very good year for InterDigital. We substantially increased our revenue, further grew our already large base of patent licensees, added two customers for our HSDPA offering, returned $34 million to shareholders through the repurchase of two million shares of common stock and sharpened organizational focus to drive toward our ultimate goal of securing revenue from every 3G terminal unit sold. With the addition of LG as a licensee in early 2006, we now estimate that we derive revenue on approximately 35% to 40% of all 3G terminal units sold worldwide."
Mr. Merritt added, "During 2005, we also expanded our dual mode modem offering for terminal units through both internal 3G development and external licensing of market-proven GSM/GPRS/EDGE technology. Our key goals for 2006 include completing and enhancing that offering and achieving meaningful market penetration, growing our base of patent licensees, expanding and defending our IPR position and seeking further investments in technologies that can enhance the attractiveness and profitability of our technology solutions. We are confident that these activities can drive even greater value for our shareholders. With our strong financial position, we can support investments in both our business opportunities and in our own stock in order to maximize the return of value to our shareholders."
Fourth Quarter Summary
Revenues in fourth quarter 2005 increased 19% to $40.5 million from $33.9 million in the fourth quarter 2004, driven by higher technology solution revenue and recurring royalties. For fourth quarter 2005, recurring royalty revenue of $36.2 million increased $3.3 million, or 10%, when compared to fourth quarter 2004. This increase was due to both royalties from new licensees in 2005 and generally higher royalties from existing licensees. Fourth quarter 2005 technology solution revenue of $4.3 million increased $4.1 million over last year's comparable fourth quarter primarily due to revenue from agreements with General Dynamics and Philips. Fourth quarter 2004 also included $0.8 million of non-recurring revenue, a portion of which related to past sales of products covered under a new license agreement. Licensees that accounted for 10% or more of fourth quarter 2005 revenue were NEC (28%), Sharp (25%) and Sony Ericsson (10%).
The company's net income increased to $45.0 million, or $0.80 per share (diluted), in fourth quarter 2005 from a loss of $0.2 million, or breakeven earnings per share, in fourth quarter 2004. This increase was primarily due to the recognition of non-cash, non-recurring tax benefits of $43.7 million, mainly related to the reversal of the company's valuation allowance against its federal deferred tax assets.
Fourth quarter 2005 operating expenses of $39.0 million increased 24% over fourth quarter 2004. The most significant quarter-over-quarter increases included an adjustment to the long-term compensation program accrual and ongoing patent arbitration and litigation costs. In fourth quarter 2005 total expense for current and now concluded patent arbitration or litigation was approximately $8 million. The balance of the increase from quarter-to-quarter was due to investments in key technology initiatives, higher patent amortization and repositioning activities.
The company's fourth quarter 2005 tax expense, excluding non-recurring tax benefits of $43.7 million, was $1.1 million, consisting of non-cash charges for both federal income taxes and non-U.S. withholding taxes. Fourth quarter 2004 tax expense of $3.3 million consisted of non-cash charges for both federal income and non-U.S. withholding taxes.
Twelve Month Summary
For the full year 2005, revenues were $163.1 million compared to $103.7 million in 2004. This 57% increase was attributable to growth in royalties from patent licensees under agreements in effect at the beginning of 2005, new patent licensees added during 2005 and growth in revenue primarily related to technology solution agreements with General Dynamics and Philips. The increase was also due, in part, to the third quarter 2004 transition in reporting per-unit royalties which resulted in no per-unit royalties being recognized in that quarter. Revenues for 2005 included $133.9 million of recurring royalties, $10.2 million related to past sales of products covered under new license agreements and $19.0 million from technology solution agreements with General Dynamics and Philips. Revenues for 2004 included $101.6 million of recurring royalties, $1.8 million primarily related to past sales of products covered under new license agreements and $0.3 million from technology solution agreements. Licensees that accounted for 10% or more of full year 2005 revenue were NEC (30%) and Sharp (22%).
The company reported net income of $54.7 million for the year 2005, or $0.96 per share (diluted), compared to net income in 2004 of $0.1 million, or breakeven earnings per share. The increase in net income was primarily due to higher revenue and non-cash, non-recurring tax benefits in 2005.
Operating expenses of $146.0 million in 2005 increased 33% over 2004, due mainly to (i) significantly higher costs associated with patent licensing arbitration and/or litigation with Nokia, Samsung and Lucent (totaling nearly $28 million for the year), (ii) long-term compensation program costs, (iii) executive severance costs and (iv) investment in technology solution initiatives.
In 2005, the company generated approximately $11.3 million of free cash flow(1). Also in 2005, the company expended $34.1 million in connection with the repurchase of two million shares of the company's stock and $8.1 million to acquire complementary patents and related assets.
First Quarter 2006 Outlook
Rich Fagan, Chief Financial Officer commented, "In first quarter 2006, we expect to report revenue of $50 million to $52 million. This revenue amount includes slightly more than $11 million related to the recently announced patent license agreement with LG (for which we are recognizing revenue associated with $285 million in total expected payments on a straight-line amortization over the approximately five-year term of the agreement) as well as increases in sales from some of our other licensees. We anticipate that first quarter 2006 operating expenses, excluding current patent arbitration or litigation costs, will be in line with those experienced in fourth quarter 2005 reflecting continued investment in our dual mode terminal unit offering. Patent arbitration and litigation expense will depend on the level of activity through the remainder of the quarter. Lastly, we expect that our book tax rate for first quarter 2006 will approximate 35% to 37%."
About InterDigital
InterDigital Communications Corporation designs, develops and provides advanced wireless technologies and products that drive voice and data communications. InterDigital is a leading contributor to the global wireless standards and holds a strong portfolio of patented technologies which it licenses to manufacturers of 2G, 2.5G, 3G and 802 products worldwide. Additionally, the company offers baseband product solutions and protocol software for 3G multimode terminals and converged devices, delivering time-to-market, performance and cost benefits. The company's financial strength and solid revenue base contribute to the continued investment in innovation and development that will shape the next generation of wireless technology. For more information, visit the InterDigital website: www.interdigital.com.
(1) InterDigital defines "free cash flow" as operating cash flow less purchases of property and equipment and investments in patents.
This press release contains forward-looking statements regarding our current beliefs, plans, and expectations as to (i) the percent of 3G terminal units sold on which we derive revenue (ii) our goals for 2006, (iii) our ability to support investment in business opportunities and our stock, and (iv) our first quarter 2006 revenue, operating expenses and book tax rate. Words such as "expect," "future," "should," "continue," "will," "assessing," "anticipate" or similar expressions are intended to identify such forward-looking statements.
(MORE TO FOLLOW) Dow Jones Newswires
03-09-06 0846ET
it went over 27.15...then right back down.
bid moving up.
Linksys Displays Its Next Generation of MIMO-Based Products at CeBIT 2006
(Booth C33 Hall 20 and Booth D11 Hall 15)
HANNOVER, Germany, CeBIT, Mar 09, 2006 (PR Newswire Europe via COMTEX) -- WRT54GX4 and WPC54GX4 Offer Up to Ten Times Faster Throughput and Three Times More Range Than Standard Wireless-G(i)
Linksys(R), a Division of Cisco Systems, Inc., the recognised leading provider of voice, wireless and networking hardware for the consumer, SOHO (Small Office/Home Office) and small business customer, today displays at CeBIT (Booth C33 Hall 20 and Booth D11 Hall 15), one of its first products to reach the market from the next generation of MIMO (Multiple Input, Multiple Output) technology. When used together, the WRT54GX4 Wireless-G Broadband Router with SRX400 and WPC54GX4 Wireless-G PC Card with SRX400 can provide faster throughput, reduced dead spots, and increased wireless range compared to traditional Wireless-G networks.
"Robert Auci, sales director for Linksys in Europe, the Middle East and Africa says, "With the WRT54GX4 and WPC54GX4, users can utilise the fastest wireless technology commercially available today to stream digital entertainment content around their homes, make business and personal phone calls using Voice over IP, and enjoy greater range than ever before. Bringing this new generation of MIMO products to market reinforces the Linksys heritage of offering leading-edge networking technology to our customers."
SRX - Speed and Range Expansion
SRX400 products are based on MIMO technology, a key component in the upcoming Wireless-N standard (802.11n). By overlaying the signals of two Wireless-G compatible radios, MIMO has the capacity to double data transfer rates. The maximum wireless data transfer rates of the SRX400 actually exceed the capabilities of the traditional wired Ethernet 10/100 data ports that are in place on most computer networks.
MIMO technology utilises signal reflections that can hinder performance in typical wireless products to increase range and reduce "dead spots" in the wireless network, enabling the coverage area to be increased by up to three times that of Wireless-G.
Friendly Neighbour Policy
As has been always been the case with MIMO-based products from Linksys, SRX400 users can realise the benefits of the technology, whilst diminishing risk of reduced performance in the presence of other wireless networks. The WRT54GX4 dynamically enables a double-speed mode for SRX400 devices, while still being designed to seamlessly operate with other 802.11 certified wireless devices at their respective fastest available speeds. SRX Routers will also enhance the performance of non-SRX devices by allowing them to connect at further distances than standard Wireless-G routers.
Security
To help protect data and privacy, the WRT54GX4 can encode all wireless transmissions with industrial-strength WPA (Wi-Fi Protected Access) encryption. It is able to serve as a network DHCP server, supports VPN pass-through, and has a powerful SPI (Stateful Packet Inspection) firewall to protect against intruders and most known Internet attacks. Enabling these security features on the WRT54GX4 is easy with the Linksys Web browser-based configuration utility.
Availability
The WRT54GX4 and WPC54GX4 is scheduled to be available through the Linksys partner and distribution channel in April 2006.
About Linksys
Founded in 1988, Linksys, a Division of Cisco Systems, Inc. (Nasdaq: CSCO) is the recognized leader in Voice, Wireless and Ethernet networking hardware for consumer, SOHO and small business users. Linksys is dedicated to making networking easy and affordable for its customers, offering innovative, award-winning products that seamlessly integrate with a variety of devices and applications. Linksys also provides award-winning product support to its customers. For more information, visit www.linksys.com/uk.
(i)Note: Reference to speeds and performance are based on standards and specifications. Actual performance may vary based on environmental considerations and network configurations.
Linksys is a registered trademark or trademark of Cisco Systems, Inc. and/or its affiliates in the U.S. and certain other countries. Other brands and products are trademarks or registered trademarks of their respective holders. Copyright (C) 2006 Cisco Systems, Inc. All rights reserved.
Web site: http://www.linksys.com/uk
CONTACT: Media and Investor Relations, Angela Hepburn, +00-33-1-58-04-33-42, ahepburn@cisco.com, or Melodie Testelin, +00-33-1-58-04-31-02, mtesteli@cisco.com, both of Linksys; or Ken Bond of Cisco, +1-408-526-6001, kbond@cisco.com
Copyright (C) 2006 PR Newswire Europe
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SUBJECT CODE: PDT Topic TDS Topic CPR Topic NET Topic HRD Topic ITE Topic TLS Topic United Kingdom Republic of Ireland Germany
DJ Microsoft's Proj Origami An Ultracompact PC Running XP
HANOVER, Germany (AP)--After months of cryptic Web marketing and word-of-mouth hype over Microsoft Corp.'s (MSFT) Project Origami, the company finally showed off the product Thursday: an ultracompact computer running Windows XP with a touchscreen and wireless connectivity.
It's everything a full computer or laptop is, minus the keyboard. It has a 17.8-centimeter, touch-sensitive screen that responds to a stylus or the tap of a finger.
Two models from different manufacturers are expected to hit stores shelves by spring, and Microsoft says they'll be about 2.5 centimeters thick and weigh less than 1.1 kilograms - about the size of a large paperback book.
It will run on a full version of Windows XP, the same operating system used on larger tablet PCs, and newly developed software called Windows Touch Pack will handle touchscreen functions. Future editions will support Windows Vista, a version of Microsoft's flagship operating system that's due out in the second half of this year.
"It really opens up new possibilities for PC use," Bill Mitchell, corporate vice president of Microsoft's Mobile Platforms Division, said Wednesday.
The device was unveiled Thursday at CeBIT, the annual technology trade show in Hanover during a speech by Intel Corp. (INTC) executive Christian Morales. Intel makes the Celeron M and Pentium M microprocessors that run the device.
Morales said Intel hopes to develop more chips for the device that will run faster and cooler.
So far, three companies have built working models - Samsung Corp. (000830.SE), Asus and Chinese manufacturer Founder Holdings Ltd. (0418.HK).
The device won't be called Origami. Instead, the company is marketing it as a category it's calling the ultramobile PC, said Mika Krammer, a marketing director for Microsoft's Windows mobile unit.
Though Microsoft is not manufacturing the hardware, it took a guiding role from the start.
"We've done more than just provide the software. We've built the reference designs to sort of get the category started," he said. "We had the first prototypes about nine months ago and started working with partners early on."
The Samsung and Asus devices are expected to be in stores by April, and the Founder device in June, Krammer said.
"A lot of the early engagement we have had has been with nontraditional PC vendors, although there is a lot of interest from traditional PC vendors as well," Mitchell said. "It ideally brings the best of what a Windows PC is and marries it to what the best of a very capable consumer electronic device is."
That, said David Bradshaw, a principle analyst with London-based Ovum, is key.
"I really would hope that it would be something that works," he said, adding that he had not seen one of the models. "Something that is wirelessly connected. Hopefully it will have a wide range of wireless options so that you would be able to use Wi-Fi when available or a (wirelesss) carrier's network if you can afford to pay through the nose."
Krammer said device is expected to retail for $600-$1,000.
Michael Gartenberg, an analyst in Jupiter Research's New York office, said he thinks the device has potential.
"The whole Origami concept may very well change what devices people are going to carry with them," Gartenberg said. "It's not a pocketable device, but it's certainly small enough to be kept close at hand, and the fact that it runs Windows means that it can do a variety of tasks, from productivity to games to media consumption."
Web site: http://www.origamiproject.com
(END) Dow Jones Newswires
03-09-06 0600ET
Copyright (c) 2006 Dow Jones & Company, Inc.
QUALCOMM and 4G Systems Sign WCDMA Modem Card and Router License
Agreement
SAN DIEGO, March 9, 2006 /PRNewswire-FirstCall via COMTEX/ -- QUALCOMM Incorporated (Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, and 4G Systems GmbH ("4G Systems"), headquartered in Hamburg, Germany, today announced that the companies have signed a commercial WCDMA and TD-SCDMA modem card and router license agreement. Under the terms of the worldwide, royalty-bearing agreement, QUALCOMM has granted 4G Systems a patent license to develop, manufacture and sell WCDMA and TD-SCDMA modem card and router products (including HSDPA products). The royalties payable by 4G Systems are at QUALCOMM's standard rates and are the same irrespective of the CDMA standard implemented by the modem card or router products.
"QUALCOMM is pleased to license 4G Systems for the development, manufacture and sale of WCDMA and TD-SCDMA modem cards and routers," said Marvin Blecker, president of QUALCOMM Technology Licensing. "4G Systems products allow for wireless connectivity in the office, at home or on the go. This license agreement will now allow 4G Systems to expand their wireless offering to include HSDPA solutions, providing high-speed mobile service to European consumers."
"4G Systems looks forward to being able to supply high-quality WCDMA/UMTS routers and wireless PC cards that will provide business professionals with speeds comparable to broadband DSL," said Alexander P. Sator, managing director of 4G Systems. "With this license agreement from QUALCOMM, the leader of CDMA technologies, our WCDMA/UMTS products will now take advantage of the broadband capacity of operators' WCDMA/UMTS networks to bring subscribers high-speed mobile wireless access."
4G Systems is a supplier and developer of HSDPA applications for high- speed wireless data transfer over UMTS networks. The company was founded in Hamburg, Germany in 2002 and supplies HSDPA cards in Europe. 4G Systems develops hardware and software for a wide range of wireless data transfer standards such as WLAN, GPRS, EDGE, UMTS and HSDPA. 4G Systems can provide a complete portfolio of products.
QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2005 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 25, 2005, and most recent Form 10-Q.
QUALCOMM is a registered trademark of QUALCOMM Incorporated. All other trademarks are the property of their respective owners.
QUALCOMM Contacts: Jeremy James, Corporate Communications Phone: 1-858-651-1641 Email: corpcomm@qualcomm.com Bill Davidson, Investor Relations Phone: 1-858-658-4813 Email: ir@qualcomm.com 4G Systems Contact: Claudia Bobzin, Corporate Communications Phone: +49-49-70-38-33-222 Email: cbobzin@4g-systems.com
SOURCE QUALCOMM Incorporated
CONTACT: Jeremy James, Corporate Communications, +1-858-651-1641, corpcomm@qualcomm.com, or Bill Davidson, Investor Relations, +1-858-658-4813, ir@qualcomm.com, both of QUALCOMM Incorporated; or Claudia Bobzin, Corporate Communications, 4G Systems GmbH, +49-49-70-38-33-222, cbobzin@4g-systems.comURL: http://www.prnewswire.com http://www.qualcomm.comwww.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved.
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KEYWORD: California GermanyINDUSTRY KEYWORD: CPR HRD TLS MLM STW PELSUBJECT CODE: LIC
PRESS RELEASE: Ericsson delivers HSDPA for Vodafone's Mobile Broadband services in Germany
STOCKHOLM, SWEDEN -- (MARKET WIRE) -- 03/09/06 --
HSDPA will be available first in the German cities Hanover, Frankfurt, Duesseldorf and Munich and eventually throughout the entire network, which today covers more than 70 percent of the population. Vodafone will promote HSDPA as "UMTS Broadband" to their customers.
Hartmut Kremling, CTO, Vodafone in Germany says: "With UMTS Broadband, i.e. HSDPA, 3G moves to the fast track. Together with Ericsson we will push the fast roll-out in our 3G net accordingly."
Jef Keustermans, President, Ericsson Northern Europe says: "We are proud to support Vodafone with the introduction of Mobile Broadband to continue our successful partnership. HSDPA will enhance the end-user experience to both consumer and enterprise users through higher data speeds and everywhere coverage."
Ericsson's mobile broadband solution HSDPA not only provides high data throughput rates comparable to wireline broadband access over DSL technology, it is also offering more than twice the effective capacity of WCDMA and dramatically shortening response times for interactive services, drastically improving the end user's experience.
In addition to the commercial launch at CeBIT, Vodafone is demonstrating the second phase of Mobile Broadband with up to 10 Mbit/s over Ericsson's HSDPA as well as Ericsson's HSUPA (High Speed Packet Access) with up to 1.5 Mbit/s. HSDPA and HSUPA enable Broadband services comparable to services over DSL.
Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson helping to create the most powerful communication companies in the more at http://www.ericsson.comFOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Media Relations Phone: +46 8 719 6992 Email: press.relations@ericsson.com Copyright Copyright Hugin ASA 2006. All rights reserved.
(END) Dow Jones Newswires
03-09-06 0612ET
Wed Mar 8 15:39:31 2006 IDCC is "In Play"
Earnings Calendar Today after the close look for the following companies to report: AFCE, AHS, ATPG, BNT, CWST, CWTR, CMTL, GMST, HRLY, HUG, IPAR, KTO, MIK, MIDD, SYKE, TIVO, VTS, and WIND. Tomorrow before the open look for the following companies to report: ALOG, WTR, BBI ...
Get ready for a nice close if we pass this tiny bump.
PRESS RELEASE: Nokia Powers T-Mobile's HSDPA Networks in Germany, UK and Netherlands
ESPOO, Finland, March 7 /PRNewswire-FirstCall/ -- T-Mobile launches commercial High Speed Downlink Data Packet Access (HSDPA) networks, supplied by Nokia, in Germany, the United Kingdom and the Netherlands, thus enabling faster and better mobile services to consumers.
The launch at CeBIT 2006 in Hanover, Germany is the result of the strong collaboration between the two companies to deploy HSDPA in commercial networks. T-Mobile and Nokia provide HSDPA to CeBIT visitors in Hanover and simultaneously activate HSDPA in Germany, later in the year in the Netherlands and the United Kingdom. Prior to the launch, Nokia and T-Mobile successfully trialled HSDPA in live networks.
"We are committed to offer our customers high-quality broadband mobile data services that combine mobility with DSL-type of speeds," Klaus Jurgen Krath, Vice President RAN Engineering T-Mobile International. "With Nokia's HSDPA solution we can offer both our business and private customers faster services, such as downloading large files, multimedia and music."
"We are extremely pleased to support T-Mobile in launching their commercial HSDPA network," says Kari Sundback, Vice President, Networks, Nokia. "With Nokia, operators can bring HSDPA to market quickly, cost-effectively and with the highest network performance."
Nokia's high-performing, cost-optimized HSDPA is a simple software upgrade to Nokia WCDMA networks, offering average data speeds of 1-2 Mbps in the first phase. Later Nokia HSDPA supports up to 14.4 Mbps according to the industry standard. Nokia is a leader in the HSDPA market, with over 20 contracts globally.
About T-Mobile
T-Mobile International is one of the world's leading companies in mobile communications. As one of Deutsche Telekom`s three strategic business units, T-Mobile concentrates on the most dynamic markets in Europe and the United States. By end of 2004, almost 120 million people were using the mobile communications services provided by companies in which T-Mobile or Deutsche Telekom have a majority or minority stake. And all that over a common technology platform based on GSM, the world's most successful digital wireless standard. This also makes T-Mobile the only mobile communications provider with a seamless transatlantic service. www.t-mobile.com
About Nokia
Nokia (NYSE: NOK) is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations.
www.nokia.com SOURCE Nokia
/CONTACT: Nokia, Networks, Communications, Tel. +358-7180-34379, Nokia, Communications, Tel. +358-7180-34900, Email: press.office@nokia.com
(END) Dow Jones Newswires
03-07-06 0828ET
PRESS RELEASE: Land-Cellular and Kyocera Wireless Team to Deliver Advanced M2M Wireless Modems; CDM-819s and CDM-822seu Enable High-Performance, On-Demand Wireless Communication and Router Capabilities
SAN DIEGO & PEMBROKE PINES, Fla.--(BUSINESS WIRE)--March 8, 2006--
Kyocera Wireless Corp., a leading global manufacturer of CDMA wireless handsets and devices, and Land-Cellular, a leading provider of M2M CDMA cellular modems, cellular routers and cellular wire-line backup devices, today announced the CDM-819s - Serial Data Modem and the CDM-822 - Serial, Ethernet Full Routing Data Modem. Designed to combine industrial durability and full-featured sophistication, the new modems utilize CDMA technology and the award-winning Kyocera 200 Module to enable reliable, real-time M2M/telemetry data, Internet and virtual private network (VPN) communication while bringing router capability to Land-Cellular's products. The modems have been approved for use with the largest CDMA carriers in North America as well as multiple regional carriers across the United States, Canada and Mexico.
Design optimized for high performance as well as to withstand rugged industrial conditions, the Kyocera 200 Module powered CDM-819s and CDM-822 modems provide extensive feature sets along with improved performance over the 1xRTT wireless network. For the first time, the CDM-822 brings reliable routing capabilities to a variety of wireless applications such as disaster relief communications, information kiosks, ATM machines, oil/gas wellheads and pipe lines, high-end electric meters and intelligent traffic system signs and traffic counters, among others. These sophisticated modems provide cost-effective, real-time data communication and Internet access for enterprises that need to monitor and track remote locations and equipment or communicate with satellite offices or home offices.
"Land-Cellular is able to easily customize products with features and functions built to meet the individual needs and value proposition of each customer because of the powerful and flexible nature of the Kyocera 200 Module," said Dean Fledderjohn, general manager of the M2M division at Kyocera Wireless Corp. "Land-Cellular provides many cost-effective solutions to the marketplace in a wide range of deployed applications and industries, helping to drive overall adoption in the M2M space."
The new Land-Cellular CDM-819s and CDM-822 modems have been designed for use in a variety of wireless applications including: automated vehicle tracking, automated meter reading, telematics, kiosks, ATMs, disaster relief modems and wireless routers, remote equipment monitoring, environmental monitoring applications, resource management, asset tracking, SCADA, intelligent traffic systems, security alarm panels, oil pipeline, wellhead monitoring and more.
"In addition to the superior functionality of the Kyocera 200 Module for CDMA, we chose to work with Kyocera Wireless because of its unprecedented level of business- and end-user support," said Robert Moses, president, Land-Cellular. "From developer integration tools to strong carrier relationships, Kyocera's commitment to high-quality products and a great customer experience matches Land-Cellular's reputation for offering high-performance, high-value products. Land-Cellular and our customers benefit from more than just the hardware but the entire Kyocera business relationship."
For information on where to purchase Land-Cellular CDMA products and software solutions, please call 954-430-5811 or visit the Land-Cellular web site, www.land-cellular.com.
About the Kyocera 200 Module
The Kyocera 200 Module is designed to enable M2M and telemetry applications such as AVL, Fleet Management, SCADA, asset tracking, remote metering or security, wireless vending, exception reporting and wireless point-of-sale. The module is equipped with CDMA tri-mode capability (including AMPS), A-GPS position location capability and support for IS-2000 data rates (153KBps on forward and reverse links). Other features and functions include two-way Short Messaging Service (SMS) capabilities; simple and mobile IP; CDMA UDP Passive Server; TCP/IP protocol stack; AT command interface; socket interface, dual UARTs; analog audio; GPS and RF connectors; high-speed packet and circuit-switched data; and support for both 13k QCELP and EVRC vocoders.
Known for its strong carrier relationships, helpful developer tools and excellent customer service, Kyocera Wireless offers periodic developer conferences to assist module adopters and support wireless integration into OEM products and systems. A developer's kit and programming tools are available for purchase by module customers. For additional information, please visit www.kyocera-wireless.com/m2m-business.
About Kyocera Wireless Corp.
Kyocera Wireless Corp. is a leading supplier of innovative, feature-rich CDMA wireless devices and accessories for customers worldwide. Kyocera Wireless maintains an operating belief in the genius of simplicity and strives to make the wireless experience as simple and intuitive as humanly possible. The company is a wholly owned subsidiary of Kyocera International Inc., which acquired QUALCOMM Incorporated's CDMA consumer wireless phone business in February 2000. Based in San Diego, the company is ISO-14001 and ISO-9001 certified and has won city, state and federal awards for its environmentally friendly manufacturing and recycling practices. For more information, please visit www.kyocera-wireless.com.
Kyocera Corporation (NYSE:KYO), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of advanced ceramics. By combining these engineered materials with metals and plastics, and integrating them with other technologies, Kyocera has become a leading supplier of telecommunications equipment, semiconductor packages, electronic components, cameras, laser printers, copiers, solar energy systems and industrial ceramics. During the year ended March 31, 2005, Kyocera Corporation's consolidated net sales totaled approximately US$11 billion (JP Yen 1,180,655 million) with net income of approximately US$429 million (JP Yen 45,908 million).
About Land-Cellular Corporation
Land-Cellular is a leading supplier of cost-effective, reliable, cellular devices designed to offer alternatives to traditional dial-up and high speed wireline networks, driving down costs and increasing revenues and productivity for its customers and end-users. Land-Cellular designs, manufactures, distributes and sells devices that: enable the flow of data between machines and IT systems; enable wireless local loops (WLL) for CSD and packet data; act as Wi-Fi "hotspots" with a cellular backhaul; and enable thousands of other applications for remote monitoring and transmission of critical data. For more information visit, www.land-cellular.com.
(C) 2006 Kyocera Wireless Corp. All rights reserved. Kyocera is a registered trademark of Kyocera Corporation. All other marks are properties of their respective owners. CONTACT: Kyocera Wireless Corp. John Chier, 858-882-3543 jchier@kyocera-wireless.com or LPI Communications for Kyocera Wireless Ellen Lynch/Leasa Ireland, 415-225-2240 ellen@lpicommunications.com or Land-Cellular Corporation Robert Moses, 954-430-5811 robert@land-cellular.com SOURCE: Kyocera Wireless Corp. Copyright Business Wire 2006
(END) Dow Jones Newswires
03-08-06 0803ET
PRESS RELEASE: Siemens and Yahoo! To Offer VoIP-Enhanced Services In the Home
DALLAS--(BUSINESS WIRE)--March 8, 2006--
Siemens Home and Office Communication Devices LLC, a wholly-owned subsidiary of Siemens Communications, Inc., today announced an agreement with Yahoo! to extend VoIP calling capabilities to Siemens' Gigaset Cordless Telephones. The relationship between Siemens and Yahoo! Messenger with Voice will enable consumers to enjoy voice-enhanced services not only at a PC, but from anywhere within the home.
Siemens and Yahoo! will offer the Siemens Gigaset M34 USB adapter, which IP-enables Gigaset telephones with the VoIP calling capabilities of Yahoo! Messenger with Voice. The adapter will allow users to make and receive calls through the free PC-to-PC calling feature of Yahoo! Messenger with Voice, and make cost-effective calls to fixed line phones through the Phone In and Phone Out features. Using their Gigaset handsets, customers will be able to easily access their Yahoo! Messenger friends' lists, view contacts and their presence status and change their personal presence status. The adapter is compatible with Gigaset cordless phones introduced after the fall of 2004 and that belong to the C-Class and above. The adapter will be available by the third quarter of 2006.
"It is rare that a business alliance is as seamless and complementary as the one we have just entered into with Yahoo!," said Martin Kinne, CEO of Siemens Home and Office Communication Devices. "While Siemens provides the plug-and-play cordless phone devices, Yahoo! delivers the 'killer-app' communication features that make in-home IP attractive to consumers."
The relationship reinforces the strategies of both players. Siemens Home and Office Communication Devices continues to expand Smart Home Connectivity by enabling a plug-and-play, in-home VoIP network and the associated feature enhancements and cost benefits. Specifically, users will be able to place free PC-to-PC voice calls, cost-effective calls to fixed line and mobile networks over the Internet and have access to their personal Yahoo! Messenger with Voice contact lists and corresponding presence information on their Gigaset.
"Yahoo! seeks to provide online products and services essential to people's lives. Our collaboration with Siemens enables us to offer our Yahoo! Messenger with Voice services beyond the PC, on additional devices. Working with Siemens will greatly increase the potential for new and existing users to take advantage of our rich communications suite," said Brad Garlinghouse, VP of Yahoo! Communications Products. "Today's announcement is a first step in a relationship that will expand and continue to benefit both Yahoo! and Siemens customers for a long time to come."
The global agreement gives users of Yahoo! Messenger with Voice the opportunity to order the Siemens Gigaset M34 USB adapter from a variety of retailers that can be found through the Yahoo! Web site.
About the Gigaset M34 USB
The Gigaset M34 USB makes it possible to take advantage of the economical calling and messaging service features of Internet telephony from anywhere at home using a cordless Gigaset phone. The Gigaset M34 USB is easily set up. It is simply inserted into an available USB slot on a PC, and the wireless DECT connection to the Internet is established via the Gigaset docking station to the handset. The Gigaset M34 USB not only offers the possibility of saving money with Internet telephony, but to keep track of recent voice messages from a list on the cordless phone display and to listen to Internet radio via the phones speakers.
About Yahoo! Messenger
As one of the most popular instant messaging services on the Internet, Yahoo! Messenger with Voice (http://messenger.yahoo.com) makes it easier than ever for people to express themselves, interact and manage relationships with friends and family. Yahoo! Messenger with Voice has a unique and proven history of innovation in instant messaging as the first to offer Webcam functionality, the first to introduce an interactive and shared experience with IMVironments(R), and the first to introduce animated emoticons. Yahoo! Messenger with Voice continues to the lead the marketplace by integrating with leading Yahoo! services including games, music, photos and search, and providing the greatest choice for consumers to stay connected to one another through text IM, PC-to-PC calling, e-mail, video or mobile text messaging.
About Yahoo! Voice
Through Yahoo! Voice's efforts, consumers will be able to take advantage of enhanced PC-based voice communications capabilities as part of their overall Internet experience. Yahoo! Voice will continue to offer advanced voice calling features and extend its PC-based voice platform across the Yahoo! Network. Today, Yahoo! Voice provides compelling calling solutions in Yahoo! Messenger with Voice.
Siemens Home and Office Communication Devices LLC
Siemens Home and Office Communication Devices LLC is a wholly-owned subsidiary of Siemens Communications, Inc. The company focuses on the design, manufacturing and distribution of the full range of Siemens Gigaset products, including cordless phones, home media devices and broadband products and services which enable seamless, integrated communication solutions for operators and consumers. The company operates worldwide with a fiscal year's revenue stream (September 30, 2005) of approximately $1.2 billion.
Find more press releases, press pictures, datasheets and footage material to download at www.siemens.com/gigaset/press
About Yahoo!
Yahoo! Inc. is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo! seeks to provide online products and services essential to users' lives, and offers a full range of tools and marketing solutions for businesses to connect with Internet users around the world. Yahoo! is headquartered in Sunnyvale, California.
Note: Siemens and Gigaset are trademarks or registered trademarks of Siemens AG or its subsidiaries and affiliates. All other company, brand, product and service names are trademarks or registered trademarks of their respective holders.
This release contains forward-looking statements based on beliefs of Siemens management. The words "anticipate," "believe," "estimate," "forecast," "expect," "intend," "plan," "should," and "project" are used to identify forward-looking statements. Such statements reflect the company's current views with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results to be materially different, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Actual results may vary materially from those projected here. Siemens does not intend or assume any obligation to update these forward-looking statements.
CONTACT: Siemens Home and Office Communication Devices Aimee Carroll, 972-759-2382 aimee.carroll@siemens.com or Connect Public Relations Spencer Parkinson, 801-373-7888 spencerp@connectpr.com or Yahoo! Inc. Karen Mahon, 408-349-4152 karenm@yahoo-inc.com SOURCE: Siemens Home and Office Communication Devices Copyright Business Wire 2006
(END) Dow Jones Newswires
03-08-06 0904ET
INTEL CORPORATION: Intel discloses technologies to make the internet more
personal and mobile
C, Mar 08, 2006 (NORDIC BUSINESS REPORT via COMTEX) -- 1994-2006 M2 COMMUNICATIONS LTD
INTEL DEVELOPER FORUM, San Francisco - Intel Corporation Executive Vice President Sean Maloney today outlined Intel's mobile future, announcing significant innovations in mobile devices and broadband wireless. As consumer and business demand for Internet applications on the go continues, Maloney for the first time disclosed details of the next-generation Intel Centrino mobile technology-based platform, as well as a single chip Wi-Fi/WiMAX radio and an Intel-branded mobile WiMAX PCMCIA card. He also provided details about the next generation dual-core mobile processor based on Intel's Core(TM) microarchitecture and Intel's next-generation applications processor for handheld devices.
These innovations are designed help make the Internet a more personal and mobile experience for people worldwide.
"The Internet is increasingly the central medium in people's lives, the place where we go for news, entertainment and education, and to extend our social lives," said Maloney.
"Emerging applications such as mashups, blogs, podcasts and RSS make the Internet an even more personal and interactive experience, and people want to carry those experiences with them. The next stage of Internet growth is to make this 'real Internet' mobile."
Personal Internet on the Large Screen The next generation of Intel Centrino mobile technology, codenamed Santa Rosa and detailed for the first time in Maloney's keynote, is designed to give users better overall performance and graphics, improved wireless connectivity and improved security and manageability. Santa Rosa is expected to include a more powerful mobile microprocessor, an improved graphics chipset, codenamed Crestline, an IEEE* 802.11n Wi-Fi adapter, codenamed Kedron, as well as Intel-optimized advanced management and security solutions. The platform will also include Intel's NAND flash-based platform accelerator, codenamed Robson, which enables much more rapid boot-up time and power savings. Santa Rosa, available in the first half of 2007, will use Intel's next-generation dual-core mobile microprocessor based on Intel's Core(TM) microarchitecture, codenamed Merom, Intel's new foundation for delivering even greater energy-efficient performance. An initial version of Merom will also be available for the current Intel Centrino Duo platform to align with the 2006 holiday buying cycle and will be socket or pin-compatible with the current version of Intel Core(TM) Duo processors.
Maloney also showcased two new concept PCs from Intel that offer multiple operating modes to increase their usability.
These devices provide innovative form factors, multiple ergonomic configurations, and innovative features that can spark new design ideas for OEMs. These concept PCs feature integrated WiMAX and wireless WAN technology, hard drive backup capability and broadcast digital TV reception capability.
Personal Internet on the Small Screen Intel's family of next generation application processors for handheld devices, codenamed Monahans, is now sampling to customers. Based on the third generation of Intel XScale
technology, the Monahans platform family will offer a wide range of performance, power and integration levels designed to meet the needs of handsets, handhelds and consumer electronic devices. Maloney highlighted technologies in Monahans, including Wireless Intel SpeedStep with MusicMax technology, Intel Wireless MMX(TM)2 and Intel VideoMax technology, which can enable dramatic energy-efficiency and enhanced performance in handheld devices playing audio and video.
Maloney also discussed Ultra Mobile PCs (UMPC), a new category of small form factor mobile devices. Maloney provided new details about Intel's work in UMPCs, highlighting the growing ecosystem that Intel is working with to deliver targeted applications and services. The first UMPC devices running on Intel silicon are expected to launch from major OEMs this quarter.
Personal Broadband Maloney performed the first public demonstrations of the Kedron wireless LAN adapter and of Intel's 802.16e integrated mobile WiMAX technology. He disclosed that Intel will deliver a mobile WiMAX PCMCIA card in the second half of the year, enabling WiMAX in laptop PCs. Additionally, Maloney showcased the first single-chip multi-band Wi-Fi/WiMAX radio, codenamed Ofer, which will enable people using laptops to connect to Wi-Fi or WiMAX networks worldwide.
About the Intel Developer Forum IDF is the direction-setting communications and computing industry program for Intel architecture-based design, development and solutions. Launched in 1997 as a gathering of 200 developers in San Francisco, IDF is a growing, worldwide program attended by more than 25,000 technology experts annually. IDF helps key players expand their knowledge of cutting-edge technologies, gain tools for building enterprise-level solutions and make powerful connections.
Visit www.intel.com/idf for more information.
Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom.
Intel, Centrino, Core, MMX, SpeedStep and XScale are marks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries.
* Other names and brands may be claimed as the property of others.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
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NTT DoCoMo Develops 3G FOMA SIMPURE Series of Basic Handsets - Compatible
with WORLD WING Global Roaming Service
Tokyo, Japan, Mar 08, 2006 (JCN Newswire via COMTEX) -- NTT DoCoMo, Inc. and its eight regional subsidiaries announced today that they have developed the third-generation (3G) FOMA(TM) SIMPURE(TM) series of basic and compact handsets for people who do not require highly sophisticated functions.
The series has two models, SIMPURE L, supplied by LG Electronics, is equipped with a 1.3-megapixel camera despite its compact size and SIMPURE N, supplied by NEC, is the smallest (as of March 6, 2006) of all 3G FOMA handsets at 92 x 44 x 19.2 mm.
DoCoMo is also positioning the SIMPURE series for second handsets used during international travel. SIMPURE models are compatible with DoCoMo's WORLD WING(TM) roaming service for voice calls, i-mode, short messaging service (SMS), e-mail and videophone outside Japan with the same phone number and e-mail address used in Japan. The models work on W-CDMA, GSM and GPRS (packet data only) networks.
SIMPURE is a combination of the words SIMPLE and PURE.
About NTT DoCoMo
NTT DoCoMo is the world's leading mobile communications company, serving more than 50 million customers. The company offers a wide variety of leading-edge mobile multimedia services, including i-mode(R), which provides e-mail and Internet access to over 44 million subscribers as the world's most popular mobile Internet service, and FOMA(R), launched in 2001 as the world's first 3G mobile service based on W-CDMA. In addition to wholly owned subsidiaries in Europe and North America, the company is expanding its global reach through strategic alliances with mobile and multimedia service providers in Asia-Pacific and Europe.
NTT DoCoMo is listed on the Tokyo (9437), London (NDCM), and New York (DCM) stock exchanges. For more information, visit www.nttdocomo.com.
Contact:
NTT DoCoMo, Inc.Eijun TanakaAssistan Manager,International Public Relations GroupE-mail: tanakae@nttdocomo.co.jp
Copyright (C) 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K.
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PRESS RELEASE: Fairchild Semiconductor's Micro-SerDes Selected by LG Electronics for Its New Line of Ultra-Sleek "Chocolate" Cell Phones
SOUTH PORTLAND, Maine--(BUSINESS WIRE)--March 8, 2006-- FIN24AC Offers the Smallest, Lowest EMI, Lowest Power Consumption Serialization Device for Ultra-Portable Applications
Fairchild Semiconductor (NYSE:FCS), the leader in serialization solutions for the ultra-portable market, announces that its FIN24AC uSerDes(TM) (micro-SerDes) has been selected for use in LG Electronics' new "Chocolate" phones, the first series of LG's Black Label cell phones. The FIN24AC was chosen for its unmatched ability to ease design complexity, reduce size, lower EMI and save battery-power in LG's extremely sleek, multi-functional cell phone designs.
"LG's latest slim-slide style cell phones are only 14.9mm thick and provide multiple functions for taking photos with a 1.3 megapixel camera, surfing the Internet and listening to music," said Fairchild's Matt Johnson, Interface product line manager. "As the smallest, lowest EMI, lowest power serialization device on the market, Fairchild's uSerDes solution meets the needs of the latest generation of cell phones and other ultra portable applications. We are very pleased that LG chose the FIN24AC for their new state-of-the-art products."
"Our customers insist on having as many different features as possible packed into an extremely thin, ultra-modern phone," said Sung-Il Ha, LG Electronics' senior engineer. "However, providing converged functionalities in a small space poses the dual challenge of diminishing unwanted noise while maximizing battery power. Fairchild's FIN24AC was integral in making our new Chocolate phones a success by answering these critical design requirements."
Fairchild's uSerDes serializer/deserializer solution in a small form factor is ideal for solving the increasingly complex design challenges posed by converging product features in ultra-portable and consumer applications such as cell phones. The uSerDes devices reduce traditionally wide parallel paths of data to a high-speed serial link, therefore reducing the number of cables in clamshell and hinge cell phones and other portables to six to seven times fewer wires. By using Fairchild's patented Current Transfer Logic(TM) (CTL(TM)) technology, uSerDes devices are able to reduce EMI by 30 to 40dB at the fundamental frequency while reducing troublesome harmonics to less than -100dBm. This allows uSerDes devices to meet EMC standards for portable devices. Additionally, standby power consumption, a critical parameter affecting battery life and cell phone talk time, is ten times lower with the uSerDes than with any other solution.
More information about the FIN24AC can be found at http://www.fairchildsemi.com/pf/FI/FIN24AC.html. For information about uSerDes(TM) products, please go to http://www.fairchildsemi.com/applications/userdes.html. For information on other Fairchild products, design tools and sales contacts, please visit www.fairchildsemi.com.
About Fairchild Semiconductor:
Fairchild Semiconductor (NYSE:FCS) is the leading global supplier of high-performance power products critical to today's leading electronic applications in the computing, communications, consumer, industrial and automotive segments. As The Power Franchise(R), Fairchild offers the industry's broadest portfolio of components that optimize system power. Fairchild's 9,000 employees design, manufacture and market power, analog & mixed signal, interface, logic, and optoelectronics products. Please contact us on the web at www.fairchildsemi.com.
About LG Electronics, Inc.:
LG Electronics, Inc. (KSE:06657.KS) is the world's major force and a technology innovator in electronics, information and communications products. The company has more than 70,000 employees working in 77 subsidiaries and marketing units around the world. LG Electronics is the world's largest producer of CDMA handsets, DVD players, optical storage devices, air conditioners, canister vacuum cleaners and microwave ovens. With total revenue of more than US$ 35 billion (non-consolidated), LG Electronics comprises four business units: Mobile Communications, Digital Appliance, Digital Display and Digital Media.
LG Electronics Mobile Communications Company is the world's leading manufacturer of UMTS (WCDMA), CDMA and GSM handsets and is the fastest-growing manufacturer of mobile phones worldwide. The company provides a total range of wired and wireless solutions and is rapidly establishing a global presence as it cultivates international market share in 3G handsets. For more information, please visit www.lge.com.
CONTACT: Fairchild Semiconductor Sona Kim, 408,822-2279 Fax: 408-822-2410 sona.kim@fairchildsemi.com or WelComm, Inc. (Agency) Marsha Lisak, 805-223-2311 Fax: 858-279-5400 marsha@welcomm.com SOURCE: Fairchild Semiconductor Copyright Business Wire 2006
(END) Dow Jones Newswires
03-08-06 1100ET
DJ Calendar Of Earnings Expected Next Week
Major companies tentatively scheduled to report quarterly earnings this week, with ticker symbol and Zacks EPS Mean Estimates:
Company Symbol Quarter Zacks EPS Mean Est
InterDigital Comm. Corp. 4Q .06
DJ Orange, Sony Ericsson In Joint Marketing Agreement
LONDON (Dow Jones)--Orange, the mobile telecommunications arm of France Telecom SA (FTE), has signed a joint marketing partnership with Sony Ericsson, the mobile handset joint venture of Sony Corp. (SNE) and LM Ericsson Telephone Co. AB (ERICY), to promote the manufacturer's Walkman-branded music handsets.
Additionally, the two companies announced a nine-month sponsorship deal with Sony BMG performer Christina Aguilera, who will release a new album and tour Europe later this year. The deal will see Orange offering its customer full-track downloads, exclusive remixes, videos and other Aguilera mobile content.
Music is a key priority for mobile operators as they look to tempt consumers into using mobile phones to download music and other music-related content. The success of Apple Inc.'s (AAPL) iPod portable music player has resonated with mobile companies looking for ways to increase data revenue while they try to reduce their dependence on basic voice and text services where prices are declining.
The pact between Orange and Sony Ericsson will cover the manufacturer's entire Walkman range and will result in the two companies co-branding and co-marketing Walkman handsets.
The two companies will work together on mobile phones, marketing, music services, content, sales and distribution.
Orange will launch the Walkman phones across its entire European footprint which covers nine countries and 70 million customers.
Company Web site: Http://www.orange.com; Http://www.sonyericsson.com
-By Nic Fildes, Dow Jones Newswires; 44-20-7842-9264; nicolas.fildes@dowjones.com
(END) Dow Jones Newswires
03-03-06 0730ET
Copyright (c) 2006 Dow Jones & Company, Inc.
WSJ(3/3) Crunch Time Approaches For The BlackBerry Crowd
(From THE WALL STREET JOURNAL) By Mark Heinzl
MILLIONS OF BlackBerry users are anxiously awaiting word from a federal judge who is expected to rule soon on whether the company's wireless email system should be shut down in the U.S.
If BlackBerry maker Research In Motion Ltd. gets its way, the ruling could mark just the beginning of another round in the long-running fight between the Canadian company and NTP Inc., a closely held company in McLean, Va., founded by a lawyer with patent expertise and a Chicago inventor whose patented wireless email system is at the heart of the dispute.
RIM still has some legal tactics at its disposal that could postpone any BlackBerry shutdown. Indeed, there are many possible outcomes, and nobody knows exactly how the high-stakes legal drama will play out. RIM, for its part, insists there will be no interruption to BlackBerry service under any scenario; it has readied "workaround" software that would keep BlackBerry running while sidestepping NTP's wireless email patents.
RIM and NTP could also settle their dispute at any time, though there have been no signs they will strike a deal before Judge James R. Spencer issues his ruling in U.S. District Court for the Eastern District of Virginia in Richmond.
In a jury trial in 2002, NTP won a verdict that BlackBerry infringes on NTP's wireless-email patents, but RIM continued to press the case, pinning its hopes on support from the U.S. Patent and Trademark Office. RIM has sought to bolster its case by highlighting recent moves by that office to reject NTP's patents. But in a packed courtroom in Richmond before Judge Spencer last Friday, that argument appeared to fall on deaf ears.
Judge Spencer's remarks in court showed he is "not the slightest bit interested in what's going on at the patent office," says Robert Redmond, a Richmond-based lawyer not involved in the case who sat in on the proceedings.
Also last Friday, Judge Spencer rebuked both sides for prolonging their dispute in court, saying that "this should have been settled, but it hasn't." A tentative $450 million settlement was reached last year but fell apart before it was finalized.
Judge Spencer is expected to rule first on any damages he will award to NTP, which won a jury verdict in that court in 2002 that BlackBerry infringes on NTP's wireless email patents. NTP is asking for $126 million in damages and is expected to later seek further damages in the form of a percentage of RIM's BlackBerry sales and service revenue in the U.S., home to more than three million of the world's 4.3 million BlackBerry users.
The ruling on damages is expected any day now. The judge will then rule on NTP's request for a BlackBerry injunction, which he says "requires a little bit more thought" -- and which could provide NTP leverage to extract a costly settlement from RIM.
If Judge Spencer issues a ban on BlackBerry service for existing users, RIM says it would implement the workaround, requiring U.S. BlackBerry users to download new software for their devices. But NTP would likely challenge the workaround's legality.
Alternatively, the judge could limit the injunction to sales of new devices; RIM probably would seek to skirt that ban by installing the workaround software on new devices.
Once announced, any BlackBerry service injunction wouldn't go into effect for 30 days or even longer, since the U.S. government has asked the court for more time to ensure its exemption from any BlackBerry shutdown would be implemented. And RIM would appeal any BlackBerry shutdown in the U.S. Circuit Court of Appeals.
Still, legal experts say the longer RIM can tie up the case with appeals and legal wrangling, the better its chances that the patent office's moves will be recognized by the higher court or provide ammunition for a favorable settlement with NTP.
NTP has vowed to appeal rejections of its patents, first through the patent office and then through court, if necessary. The company has noted that several of its patent claims were upheld through RIM's court appeal of the 2002 verdict.
While the two sides don't appear to be close to a settlement, the lines of communication are still open. "Mediation's been a constant in this process," says Jim Balsillie, chairman and co-chief executive officer of RIM. "It's never something that stops."
Against that backdrop, many BlackBerry users are taking RIM at its word and sitting tight, but some have formed contingency plans involving competing devices and say they'll put up with only so much uncertainty about BlackBerry's status in the courts.
For years, "we used to hear, give me a BlackBerry, that's all we want," says T.L. Neff, executive vice president with Pyxis Mobile Inc., a closely held, Waltham, Mass., provider of wireless software applications to top financial firms. But in light of the uncertainty created by the legal battle, "we've seen a sea shift," and some financial firms are saying "we need to consider other options," Mr. Neff says. Some companies already have begun purchasing alternative products, he says.
Pyxis has tested RIM's workaround and is satisfied it works well and doesn't change the user's experience, Mr. Neff says. But if RIM turns to that software in the event of a court-ordered shutdown, "I'm going to end up switching," says Jim Vergas, a stockbroker in Greenville, S.C.
Mr. Vergas says he's happy with the BlackBerry he bought in June but says he will switch to Palm Inc.'s Treo wireless email device instead of installing the BlackBerry workaround. "We love these things because of their convenience," he says, but adds that he must be sure "that the rug's not going to get pulled out" from under him due to the legal battle.
(END) Dow Jones Newswires
03-02-06 2305ET
Copyright (c) 2006 Dow Jones & Company, Inc.
=DJ Huawei Bags Telefonica Order, Talks To Tel Italia-Source
By Joon Knapen Of DOW JONES NEWSWIRES
Huawei Technologies Co. (HWI.YY) has snared another order from Spain's Telefonica SA (TEF), a person familiar with the matter said, making further inroads into European telecommunications-equipment makers' home turf.
The privately-held Chinese manufacturer is also in talks to try and seal a deal with Italian incumbent Telecom Italia SpA (TI), the person told Dow Jones Newswires.
Having started its European operations in 2001, Shenzen-based Huawei is gaining more traction at the expense of homegrown equipment vendors like Germany's Siemens AG (SI), Finland's Nokia Corp. (NOK), Telefon AB LM Ericsson (ERICY) of Sweden and France's Alcatel SA (ALA).
In 2005, Huawei won equipment contracts from the U.K.'s BT Group PLC (BT), KPN NV (KPN) of the Netherlands and Vodafone Group PLC's (VOD) German fixed-line unit Arcor. In February, the company got its first significant handset order in Europe from Vodafone.
The latest Telefonica order could be announced in the coming weeks, the person familiar with the matter said, declining to give specifics beyond saying that "it is a significant deal for Huawei."
In November, Madrid-based Telefonica agreed to set up a strategic partnership with Huawei, focussing on the purchase of equipment for both its Spanish and Latin American operations. Telefonica has signed some contracts with Huawei for its Latin American operations, but its main networks suppliers to date are Siemens, Ericsson and Alcatel.
Huawei's European Marketing Director Jin Wang, who handles the company's press in Europe, couldn't be reached for comment. Telefonica and Telecom Italia declined comment.
Company Web site: http://www.huawei.com
-By Joon Knapen, Dow Jones Newswires; +49-69-29725509; joon.knapen@dowjones.com (David Roman in Madrid and Serena Saitto in Milan contributed to this article)
(END) Dow Jones Newswires
03-03-06 1011ET
Copyright (c) 2006 Dow Jones & Company, Inc.
TELUS delivers Wireless High Speed service to Quebec City Wireless High
Speed (EVDO) connects mobile users at broadband speeds
VANCOUVER, Mar 2, 2006 (Canada NewsWire via COMTEX) -- TELUS today announced the availability of its Wireless High Speed service in Quebec City's downtown core, offering clients mobile access to the Internet, e-mail servers and other data networks at broadband speeds similar to desktop Internet access.
With typical download speeds of 400 to 700 kilobits per second, and maximum speeds of more than 2 megabits per second, TELUS Mobility's Wireless High Speed service offers clients the speed they need for powerful mobile computing.
"TELUS is excited to announce the availability of Wireless High Speed in Quebec City, giving our clients access to the next generation in high-speed wireless data services," said Robert Blumenthal, TELUS' senior vice president of Products and Services. "By uniting the broadband access speeds of our Wireless High Speed network with the newest portable computing products, TELUS is providing clients across Canada with the most powerful mobile data solutions available."
On November 14, 2005, TELUS launched its Wireless High Speed network in Calgary, Edmonton, Montreal, Toronto and Vancouver. The company will continue to expand Wireless High Speed to other urban centres throughout 2006. The Wireless High Speed network is based on the CDMA 1xEVDO standard, the newest Third Generation (3G) wireless data technology available.
TELUS Connection Manager
TELUS Connection Manager Software provides mobile computing clients using portable PCs and a TELUS Mobility PC card with one-click access to the best available wireless network - including TELUS Mobility's Wireless High Speed, 1X and Hotspot systems.
TELUS Connection Manager Software also offers built-in acceleration software that can increase data access speeds by two to three times on Wireless High Speed or 1X data networks through data compression. TELUS Connection Manager software is available for download by clients at telusmobility.com/connectionmanager.
Wireless High Speed data products
TELUS offers the widest variety of Wireless High Speed data devices available to Canadians. All are "backward compatible" with the ability to operate on TELUS' national 1X data network, which covers more than 90% of the Canadian population, when outside Wireless High Speed coverage areas.
Motorola RAZR V3c: The Motorola RAZR V3c from TELUS is the only RAZR in Canada operating on the EVDO network, making surfing the Internet and downloading large files, including images, ringtones, games and software applications fast and convenient. Clients on the go can also use the Motorola RAZR V3c as a wireless modem, connecting their laptops to the Internet with an optional modem kit to download files at broadband speeds. The Motorola RAZR V3c also features a 1.3 megapixel camera, Bluetooth(R) support for wireless headsets or hands-free car kits and for data transfers of non copy-protected files with compatible handsets and devices, video capabilities, integrated MP3 player and advanced speech recognition. The Motorola RAZR V3c is $99.99 on a three year contract or $399.99 without a contract.
RIM BlackBerry 7130e: The BlackBerry 7130e(TM) offers complete BlackBerry(R) functionality including support for phone, e-mail, Internet, text messaging, organizer and data applications, all in a compact traditional wireless phone form factor. The BlackBerry 7130e can also be used as a tethered modem to connect laptops to the Internet over TELUS' Wireless High Speed network. The RIM BlackBerry 7130e is now available for as low as $99.99 on a three-year contract or $549.99 without a contract.
UTStarcom Pocket PC 6700: Offering e-mail and more, the UTStarcom Pocket PC 6700 running Windows Mobile 5.0 features wireless always-on access to e-mail with Microsoft(R) Office Outlook(R) Mobile, applications such as Microsoft Office PowerPoint(R) Mobile (to view presentations on-the-go), Microsoft Office Excel(R) Mobile (with new chart support), and multimedia and internet access via Internet Explorer Mobile and Windows Media Player. It also features a full sliding QWERTY keyboard, a 1.3 megapixel digital camera with video, built-in Wi-Fi capability, and Bluetooth wireless technology for use with headsets and car kits. The UTStarcom PPC 6700 is available for as low as $399.99 on three-year contract or $549.99 with no contract.
Kyocera Passport KPC650: The Kyocera Passport KPC650 is a PC card providing broadband-like access to the Internet and other data networks for clients using portable PCs. The Kyocera Passport KPC650 is now available for free on a three-year contract or $249.99 without a contract.
Sierra Wireless AirCard 580: The Sierra Wireless AirCard(R) 580 is a PC card that allows clients high-speed mobile access to the Internet and other data networks from their portable PCs. Clients who purchased the Sierra Wireless AirCard 580 prior to the November announcement of TELUS Wireless High Speed require a simple, free software upgrade available at telusmobility.com/aircard580upgrade to access the service. The Sierra Wireless AirCard 580 is currently on promotion for free on a three-year contract or $249.99 with no contract.
About TELUS
TELUS (TSX: T, T.NV; NYSE: TU) is the largest telecommunications company in Western Canada and the second largest in the country, with $8.1 billion of annual revenue, 4.7 million network access lines and 4.5 million wireless customers. The company provides customers with a full range of telecommunications products and services including data, voice and wireless services across Canada, utilizing next generation Internet-based technologies. For more information about TELUS, please visit www.telus.com.
Forward Looking Statements
This news release contains statements about expected future events that are forward-looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that predictions and other forward- looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, guidance (including revised guidance), expectations, estimates or intentions expressed in the forward-looking statements. Factors that could cause actual results to differ materially include but are not limited to: competition in wireless services; economic fluctuations; technology (including reliance on systems and information technology); availability and pricing of handsets; roaming implementation; process risks (including conversion of legacy systems); business continuity events (including man-made and natural threats); and other risk factors discussed herein and listed from time to time in TELUS' reports, comprehensive public disclosure documents including the 2004 Annual Report, Annual Information Form, and in other filings with securities commissions in Canada (filed on SEDAR at www.sedar.com) and the United States (filed on EDGAR at www.sec.gov).
SOURCE: TELUS Corporation
CONTACT: media may contact: Stacey Masson, TELUS External Communications, (514) 977-8766, stacey.masson@telus.com
Copyright (C) 2006 CNW Group. All rights reserved.
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KEYWORD: British ColumbiaINDUSTRY KEYWORD: TLSSUBJECT CODE: PDT
if we get passed this.....who knows.