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telecom guru-http://www.interdigital.com/index.jsp
TC, I have a huge kool aid smile.eom
RTX Telecom: First TD-SCDMA chipset to be ready for mass-production of
phones by mid 2004
May 13, 2003 (M2 PRESSWIRE via COMTEX) -- RTX Telecom has signed an agreement concerning the development of a state-of-the-art GSM/TD-SCDMA chipset for the Chinese 3G TD-SCDMA standard with a tier-one supplier of cellular chip-sets. The TD-SCDMA part of the chipset will be based on RTX Intellectual Property (IP).
The chipset will be available in engineering samples by the end of 2003 and for mass-production by the first half of 2004. It is expected that it will be the first chipset available for development of commercial TD-SCDMA handsets.
The GSM/TD-SCDMA chipset will be based on the chip supplier`s EDGE and W-CDMA chipsets, ensuring a high combined production volume and a competitive price for the chipset. RTX Telecom is convinced that handsets based on the chipset will be able to compete with all other 3G technologies on key competitive factors such as cost, size, weight and standby/talk-time.
RTX Telecom has been working on development of TD-SCDMA IP, firmware, software and handset designs since the year 2000 and sees a strong interest from handset manufacturers in developing commercial GSM/TD-SCDMA handsets for the Chinese market. The new chipset is expected to accelerate the development of handsets and keep RTX Telecom in the forefront of TD-SCDMA.
The chipset will be able to handle all services supported by the TD-SCDMA networks in China. Handsets based on the chipset will be able to fall back on GSM/GPRS in geographical areas without TD-SCDMA coverage.
Based on this Agreement, RTX Telecom will be able to accept contracts from customers immediately for the development of competitive handset designs to be approved and mass-produced by mid 2004.
CEO JoergenElbaek, RTX Telecom, comments: "Securing competitive chipsets for development of commercial TD-SCDMA terminals has been the most important milestone to pass in our plans to become a leading design company in the TD-SCDMA market".
"We hope this will help the Chinese authorities in their process of issuing TD-SCDMA licenses to operators. It is our belief that the chipset will be the first in the market based on proven technology, and we hope it will help secure a strong position for RTX Telecom in the future TD-SCDMA market." adds MrElbaek.
The Chinese authorities have not yet issued TD-SCDMA licenses to mobile operators, but RTX Telecom expects this to happen before long.
With regards RTXTelecom A/S
JoergenElbaek ManagingDirector
About RTX Telecom
RTX Telecom is an internationally oriented group which develops and markets advanced, high-tech wireless development projects and products, including cordless phones, BluetoothTM-headsets and mobile telephones. The business of the group supplies several links in the telecom industry value chain.
The RTX Telecom mission is to be the preferred supplier of advanced solutions in the area of wireless technology systems, especially with regard to DECT, DCT2.4GHz, BluetoothTM, GSM/GPRS, CDMA, TD-SCDMA and WLAN. Through flexibility, rapid reaction times, high quality and a thorough knowledge of customers` production processes and market circumstances, the group seeks to create an increase in value within the business areas of its customers.
In the previous financial year, RTX Telecom published a turnover of DKK 208 million and at present the group employs a staff of 243 of which 199 are engineers and technicians.
About TD-SCDMA
TD-SCDMA stands for Time Division - Synchronous Code Division Multiple Access.
TD-SCDMA is a third generation mobile telephony standard developed by CATT (China Academy of Telecommunications Technology) in collaboration with Datangand Siemens. Chinais expected to make a final decision on the standard during 2003. TD-SCDMA enables surfing the Internet at a speed of up to 2 Mbit/s, or 35 times faster than an ordinary 56k modem and telephone line link.
It also allows supremely efficient use of the infrastructure.
CONTACT: Joergen Elbaekon Tel: +45 96 32 23 00 e-mail: press@rtx.dk
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)1994-2003 M2 COMMUNICATIONS LTD
-0-
lol...It's that T1 line.eom
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): May 13, 2003
InterDigital Communications Corporation
(Exact name of registrant as specified in its charter)
Pennsylvania 1−11152 23−1882087
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) 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
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
99.1 Press release dated March 13, 2003
Item 9. Information Furnished Under Item 12 (Results of Operations and
Financial Condition).
On May 13, 2003 InterDigital Communications Corporation issued a press release
announcing its results of operations and financial condition for the quarter
ended March 31, 2003. A copy of this press release is attached hereto as Exhibit
99.1.
This information is being furnished pursuant to Item 12 of Form 8−K and is being
presented under Item 9 as provided in the Commission's interim guidance
regarding Form 8−K and Item 12 filing requirements (Release No. 34−47583). The
information in this Form 8−K and the Exhibit attached hereto shall not be deemed
"filed" for purposes of Section 18 of the Securities Act of 1934, nor shall it
be deemed incorporated by reference in any filing under the Securities Act of
1933, except as shall be expressly set forth by specific reference in such
filing.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INTERDIGITAL COMMUNICATIONS CORPORATION
By: /s/ R.J. Fagan
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
Richard J. Fagan
Executive Vice−President and Chief Financial Officer
Dated: May 13, 2003
EXHIBIT INDEX
Exhibit No. Description
−−−−−−−−−−−− −−−−−−−−−−−
99.1 Press release dated May 13, 2003
Exhibit 99.1
InterDigital Announces Strong First Quarter 2003 Results
New License Agreements Drive Profitable Performance
KING OF PRUSSIA, Pa.−−(BUSINESS WIRE)−−May, 13, 2003−−InterDigital
Communications Corporation (Nasdaq:IDCC), a leading architect,
designer and provider of wireless technology and product platforms,
today reported revenues of $37.3 million and net income of $26.7
million, or $0.45 per share (diluted), for its first quarter ended
March 31, 2003. In addition, InterDigital reported its cash and
short−term investment position grew to $94.6 million at March 31,
2003, up $7.0 million over year−end 2002, including a net receipt of
$11.9 million from NEC Corporation of Japan (NEC). The Company's cash
position was further strengthened early in the second quarter 2003 by
the receipt of approximately $25 million of scheduled payments
associated with new patent license agreements with Ericsson and Sony
Ericsson.
Revenues in first quarter 2003 of $37.3 million increased $16.4
million, or 78%, over first quarter 2002 revenues of $20.9 million.
The increase was due largely to the recognition of $24.7 million of
royalties associated with new patent license agreements with Ericsson
and Sony Ericsson, offset in part, by an expected decrease of $1.9
million in specialized engineering service revenue. Included in the
$24.7 million was $20.3 million of royalties from Sony Ericsson
related to pre−2003 handset sales.
Recurring royalty revenues in first quarter 2003 of $17 million
increased 53% over comparable first quarter 2002 revenue of $11.1
million, aided by current royalties from Sony Ericsson and Ericsson of
$2.9 million and $1.5 million respectively, and an increase of $1.2
million in royalties from NEC.
The Company reported net income of $26.7 million, or $0.45 per
share (diluted), for first quarter 2003, compared to net income of
$16,000, or breakeven earnings per share in first quarter 2002. The
improvement in net income compared to first quarter 2002 was due to
the recognition of $20.3 million of royalties from Sony Ericsson, and
other income of $10.6 million associated with the settlement of the
Ericsson litigation in first quarter 2003, net of a related insurance
reimbursement obligation. Operating expenses increased 2% over first
quarter 2002 to $19.9 million, mainly as a result of higher directors'
and officers' liability insurance premiums, and patent administration
and licensing costs. Tax expense decreased in first quarter 2003 due
in part to the level of royalty revenue not subject to non−U.S.
withholding tax.
"I am very pleased with our performance in the first quarter,"
said Howard Goldberg, President and Chief Executive Officer. "You can
see the impact of increasing momentum in every area of our business.
We have been successful in creating a broad−based revenue stream that
spans across multiple technologies, standards and applications.
"Recurring royalty revenues now constitute the foundation of our
revenues, reflecting the strength of our global patent licensing
program. We expect that strength will be reflected in the expansion of
our licensing base with new agreements during the remainder of 2003.
At the same time, we are making substantial progress in rapidly moving
technology to product and targeting product to market in early 2004.
"Resolution of the royalty issues with Nokia and Samsung is our
highest priority and we remain confident in our position. We're
continuing separate discussions with both companies. To facilitate a
timely conclusion of all issues, we have initiated the contractual
resolution process with Nokia to determine the royalties to be paid
under its license agreement. This establishes the timetable for
discussions, senior executive meetings, and any future initiation of
arbitration, if necessary," concluded Mr. Goldberg.
Rich Fagan, Chief Financial Officer commented, "Our first quarter
2003 results gave us a good start to the year. We benefited from
important contributions from Ericsson, Sony Ericsson, NEC and Sharp.
While we expect to expand our licensing base this year, we anticipate
second quarter 2003 revenues to be generated primarily by royalties
from the same licensees that contributed to first quarter 2003
results. Of course, our 2003 revenues could be materially affected in
a positive way by the successful resolution of issues with Nokia and
Samsung. We anticipate that operating expenses will gradually increase
in coming quarters as we move our Wideband Time Division Duplex
development efforts toward creation of field trial demonstration
products."
About InterDigital
InterDigital architects, designs and provides advanced wireless technologies and products that drive voice
and data communications. The Company offers technology and product solutions for mainstream wireless
applications that deliver cost and time−to−market advantages for its customers. InterDigital has a strong
portfolio of patented technologies covering 2G, 2.5G and 3G standards, which it licenses worldwide. For more
information, please visit InterDigital's web site: www.interdigital.com. InterDigital is a registered
trademark of InterDigital Communications Corporation.
This press release contains forward−looking statements regarding, among other things, our current beliefs,
plans and expectations as to (i) our ability to expand our licensing base and move technology to product,
and the timing thereof, (ii) resolution of the royalty issues with Nokia and Samsung, and the timing
thereof, and (iii) revenues and operating expenses. Words such as "expect", "targeting", "anticipate",
"future", or similar expressions are intended to identify such forward−looking statements.
Forward−looking statements are subject to risks and uncertainties. Actual outcomes could differ materially
from those expressed in any such forward−looking statement due to a variety of factors in addition to those
specifically identified above including, but not limited to: (i) any disputes, and the length and resolution
of any disputes, as to the applicability of the terms of the Ericsson and Sony Ericsson licensing agreements
to the royalty obligations of Nokia and Samsung under their licensing agreements; (ii) the review,
negotiation and dispute resolution processes permitted under Nokia's and Samsung's license agreements and/or
the results therefrom; (iii) our ability to enter into additional license agreements; (iv) a failure by any
licensee to realize our and market projections for sales of covered products; (v) unanticipated development
costs, technical, financial or other difficulties or delays related to the development of our technologies
and products; (vi) the impact of the Severe Acute Respiratory Syndrome epidemic on our ability to engage in
negotiations in Asia and elsewhere; (vii) our ability to enter into additional licenses, and to extend the
term of the Sharp patent license agreement on favorable terms or at all, in or applicable to, the second
quarter 2003, the market share and the performance of our licensees in selling their products, and our
ability to adequately prosecute, enforce and protect our patents and other intellectual property rights; and
(viii) as well as other factors listed in the Company's most recently filed Form 10−K. 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 March 31
(Dollars in thousands except per share data)
(unaudited)
For the Three Months
Ended March 31,
−−−−−−−−−−−−−−−−−−−−−
2003 2002
−−−−−−−−−− −−−−−−−−−−
REVENUES: $ 37,324 $ 20,949
−−−−−−−−−− −−−−−−−−−−
OPERATING EXPENSES:
Sales and marketing 1,210 1,090
General and administrative 4,117 3,694
Patents administration and licensing 3,139 2,855
Development 11,388 11,815
−−−−−−−−−− −−−−−−−−−−
19,854 19,454
−−−−−−−−−− −−−−−−−−−−
Income (loss) from operations 17,470 1,495
OTHER INCOME 10,580 −
NET INTEREST INCOME 419 500
−−−−−−−−−− −−−−−−−−−−
Income before income taxes 28,469 1,995
INCOME TAX PROVISION (1,742) (1,945)
−−−−−−−−−− −−−−−−−−−−
Net income 26,727 50
PREFERRED STOCK DIVIDENDS (34) (34)
−−−−−−−−−− −−−−−−−−−−
NET INCOME TO COMMON SHAREHOLDERS $26,693 $16
========== ==========
NET INCOME PER COMMON SHARE − BASIC $0.49 $0.00
========== ==========
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING − BASIC 54,604 53,966
========== ==========
NET INCOME PER COMMON SHARE − DILUTED $0.45 $0.00
========== ==========
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING − DILUTED 58,666 56,847
========== ==========
SUMMARY CASH FLOW
For the Periods Ended March 31
(Dollars in thousands)
(unaudited)
For the Three Months
Ended March 31,
−−−−−−−−−−−−−−−−−−−−−
2003 2002
−−−−−−−−−− −−−−−−−−−−
Net income before pref. stock dividends $26,727 $50
Depreciation & amortization 2,604 2,684
Increase in deferred revenue 32,236 46,000
Deferred revenue recognized (10,964) (12,867)
Decrease (increase) in operating working
capital, deferred charges and other (49,680) (45,720)
Capital spending & patent additions (1,649) (2,688)
−−−−−−−−−− −−−−−−−−−−
CASH FLOW BEFORE FINANCING
ACTIVITIES (726) (12,541)
Debt decrease & preferred dividends (81) 57
Net stock issued 7,823 698
−−−−−−−−−− −−−−−−−−−−
NET INCREASE (DECREASE) IN CASH
AND SHORT−TERM INVESTMENTS $ 7,016 $(11,786)
========== ==========
CONDENSED BALANCE SHEETS
(Dollars in thousands)
(unaudited)
March 31, December 31,
2003 2002
−−−−−−−−−−−− −−−−−−−−−−−−
Assets
Cash & short−term investments $94,582 $87,566
Accounts receivable 99,638 53,486
Other current assets 8,192 7,627
Property & equipment (net) 12,934 14,091
Patents (net) & other non−current assets 27,987 28,408
−−−−−−−−−−−− −−−−−−−−−−−−
TOTAL ASSETS $243,333 $191,178
============ ============
Liabilities and Shareholders' Equity
Current portion of long−term debt $192 $189
Accounts payable & accrued liabilities 10,266 14,124
Foreign & domestic taxes payable 3,940 5,434
Deferred revenue 111,942 90,670
Long−term debt & long−term liabilities 3,540 1,970
−−−−−−−−−−−− −−−−−−−−−−−−
TOTAL LIABILITIES 129,880 112,387
SHAREHOLDERS' EQUITY 113,453 78,791
−−−−−−−−−−−− −−−−−−−−−−−−
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $243,333 $191,178
============ ============
CONTACT: InterDigital Communications Corporation
Media Contact:
Dawn Goldstein, 610/878−7800
dawn.goldstein@interdigital.com
or
InterDigital Communications Corporation
Investor Contact:
Janet Point, 610/878−7800
janet.point@interdigital.com
_______________________________________________
Created by 10KWizard Technology www.10KWizard.com
8k out eom
Intec Wins 3G Mobile Mediation Deal with APBW in Taiwan CDMA2000 Service
Will Launch Using Inter-mediatE for Services Including Mobile Prepaid and
Postpaid Voice, Data and Content
ATLANTA & TAIPEI, Taiwan, May 13, 2003 (BUSINESS WIRE) -- Intec Telecom Systems, a global provider of Operations Support Systems (OSS) for the communications industry, has signed a deal with Taiwan-based 3G mobile operator Asia Pacific Broadband Wireless Communications Inc. (APBW) to supply its convergent mediation solution Inter-mediatE(TM).
Intec's solution will meet the complex 3G requirements of APBW by offering support for voice, data, content and other services, as well as prepaid and postpaid business models. APBW plans to launch the first CDMA2000 commercial service in the country this year in the 800MHz frequency band that was awarded in the recent Taiwan 3G spectrum auction.
"Inter-mediatE offers APBW a fully convergent and customizable mobile mediation solution with the sort of flexible usage collection and processing capabilities that a 3G operator with multiple services will require," says John Rocca, Intec's director for Asia-Pacific. "Inter-mediatE's powerful, distributed architecture will easily manage APBW's business needs and network traffic levels, delivering the highest quality of information to its downstream systems and maximizing revenue potential from its next-generation services."
Through the installation of the Intec's Inter-mediatE platform, APBW will attain fully convergent mediation capabilities to support the deployment of next-generation mobile technologies. Inter-mediatE will help the company gather, process, and distribute usage data from its network in real-time. It will also give APBW the flexibility to implement its own business rules for mediation processing, enabling the company to launch new products and services quickly in full support of marketing initiatives and changing regulatory requirements.
Commenting on the deal, Kevin Adams, Intec's CEO, says: "This agreement further establishes Intec's Inter-mediatE solution as the world-leading mobile and 3G convergent mediation platform, particularly for next-generation services. As mobile communications evolves, new technologies will provide mobile operators with different products and services. Intec's solution will ensure that APBW is at the forefront of these technological changes by giving them the scalability to manage increasing call traffic and the flexibility to support next-generation service products."
About Asia Pacific Broadband Wireless Communications Inc. (APBW)
Asia Pacific Broadband Wireless Communications Inc. (APBW), founded in November 2001 and awarded a CDMA2000 license in February 2002, is the sole CDMA2000 operator in Taiwan and will start commercial services in 2003. The company belongs to the Rebar Group, which operates 23 businesses spanning manufacturing, communications, media, finance, real estate and other services industries. As the sole CDMA2000 operator, APBW will leverage various Rebar-Group and external resources to promote CDMA products and services in Taiwan as well as roaming markets.
Intec Telecom Systems
Intec Telecom Systems is a leading worldwide operations support systems (OSS) vendor for fixed, mobile and IP/next-generation networks, with a product portfolio that includes convergent mediation, intercarrier billing, activation and content management software. With more than 320 customers worldwide, many of the world's largest telecom operators - including BellSouth, Verizon, Cable & Wireless, France Telecom, Telstra and Vodafone - rely on Intec solutions for critical components of their revenue generation chain. For more information on Intec (London Stock Exchange Code: ITL.L), visit www.intec-telecom-systems.com.
SOURCE: Intec Telecom Systems
CONTACT: Intec Telecom Systems, Atlanta Kathleen Forbes, 404/705-2847 kathleen.forbes@intec-telecom-systems.com or Calysto Communications Justin Siefert, 404/266-2060 x20 jsiefert@calysto.comURL: http://www.businesswire.comToday's News On The Net - Business Wire's full file on the Internetwith Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
-0-
KEYWORD: GEORGIA TAIWAN INTERNATIONAL ASIA PACIFICINDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKING E-COMMERCE INTERNET MARKETING AGREEMENTS PRODUCT
InterDigital Announces Strong First Quarter 2003 Results; New License
Agreements Drive Profitable Performance
KING OF PRUSSIA, Pa., May 13, 2003 (BUSINESS WIRE) -- InterDigital Communications Corporation (Nasdaq:IDCC), a leading architect, designer and provider of wireless technology and product platforms, today reported revenues of $37.3 million and net income of $26.7 million, or $0.45 per share (diluted), for its first quarter ended March 31, 2003. In addition, InterDigital reported its cash and short-term investment position grew to $94.6 million at March 31, 2003, up $7.0 million over year-end 2002, including a net receipt of $11.9 million from NEC Corporation of Japan (NEC). The Company's cash position was further strengthened early in the second quarter 2003 by the receipt of approximately $25 million of scheduled payments associated with new patent license agreements with Ericsson and Sony Ericsson.
Revenues in first quarter 2003 of $37.3 million increased $16.4 million, or 78%, over first quarter 2002 revenues of $20.9 million. The increase was due largely to the recognition of $24.7 million of royalties associated with new patent license agreements with Ericsson and Sony Ericsson, offset in part, by an expected decrease of $1.9 million in specialized engineering service revenue. Included in the $24.7 million was $20.3 million of royalties from Sony Ericsson related to pre-2003 handset sales.
Recurring royalty revenues in first quarter 2003 of $17 million increased 53% over comparable first quarter 2002 revenue of $11.1 million, aided by current royalties from Sony Ericsson and Ericsson of $2.9 million and $1.5 million respectively, and an increase of $1.2 million in royalties from NEC.
The Company reported net income of $26.7 million, or $0.45 per share (diluted), for first quarter 2003, compared to net income of $16,000, or breakeven earnings per share in first quarter 2002. The improvement in net income compared to first quarter 2002 was due to the recognition of $20.3 million of royalties from Sony Ericsson, and other income of $10.6 million associated with the settlement of the Ericsson litigation in first quarter 2003, net of a related insurance reimbursement obligation. Operating expenses increased 2% over first quarter 2002 to $19.9 million, mainly as a result of higher directors' and officers' liability insurance premiums, and patent administration and licensing costs. Tax expense decreased in first quarter 2003 due in part to the level of royalty revenue not subject to non-U.S. withholding tax.
"I am very pleased with our performance in the first quarter," said Howard Goldberg, President and Chief Executive Officer. "You can see the impact of increasing momentum in every area of our business. We have been successful in creating a broad-based revenue stream that spans across multiple technologies, standards and applications.
"Recurring royalty revenues now constitute the foundation of our revenues, reflecting the strength of our global patent licensing program. We expect that strength will be reflected in the expansion of our licensing base with new agreements during the remainder of 2003. At the same time, we are making substantial progress in rapidly moving technology to product and targeting product to market in early 2004.
"Resolution of the royalty issues with Nokia and Samsung is our highest priority and we remain confident in our position. We're continuing separate discussions with both companies. To facilitate a timely conclusion of all issues, we have initiated the contractual resolution process with Nokia to determine the royalties to be paid under its license agreement. This establishes the timetable for discussions, senior executive meetings, and any future initiation of arbitration, if necessary," concluded Mr. Goldberg.
Rich Fagan, Chief Financial Officer commented, "Our first quarter 2003 results gave us a good start to the year. We benefited from important contributions from Ericsson, Sony Ericsson, NEC and Sharp. While we expect to expand our licensing base this year, we anticipate second quarter 2003 revenues to be generated primarily by royalties from the same licensees that contributed to first quarter 2003 results. Of course, our 2003 revenues could be materially affected in a positive way by the successful resolution of issues with Nokia and Samsung. We anticipate that operating expenses will gradually increase in coming quarters as we move our Wideband Time Division Duplex development efforts toward creation of field trial demonstration products."
About InterDigital
InterDigital architects, designs and provides advanced wireless technologies and products that drive voice and data communications. The Company offers technology and product solutions for mainstream wireless applications that deliver cost and time-to-market advantages for its customers. InterDigital has a strong portfolio of patented technologies covering 2G, 2.5G and 3G standards, which it licenses worldwide. For more information, please visit InterDigital's web site: www.interdigital.com. InterDigital is a registered trademark of InterDigital Communications Corporation.
This press release contains forward-looking statements regarding, among other things, our current beliefs, plans and expectations as to (i) our ability to expand our licensing base and move technology to product, and the timing thereof, (ii) resolution of the royalty issues with Nokia and Samsung, and the timing thereof, and (iii) revenues and operating expenses. Words such as "expect", "targeting", "anticipate", "future", or similar expressions are intended to identify such forward-looking statements.
Forward-looking statements are subject to risks and uncertainties. Actual outcomes could differ materially from those expressed in any such forward-looking statement due to a variety of factors in addition to those specifically identified above including, but not limited to: (i) any disputes, and the length and resolution of any disputes, as to the applicability of the terms of the Ericsson and Sony Ericsson licensing agreements to the royalty obligations of Nokia and Samsung under their licensing agreements; (ii) the review, negotiation and dispute resolution processes permitted under Nokia's and Samsung's license agreements and/or the results therefrom; (iii) our ability to enter into additional license agreements; (iv) a failure by any licensee to realize our and market projections for sales of covered products; (v) unanticipated development costs, technical, financial or other difficulties or delays related to the development of our technologies and products; (vi) the impact of the Severe Acute Respiratory Syndrome epidemic on our ability to engage in negotiations in Asia and elsewhere; (vii) our ability to enter into additional licenses, and to extend the term of the Sharp patent license agreement on favorable terms or at all, in or applicable to, the second quarter 2003, the market share and the performance of our licensees in selling their products, and our ability to adequately prosecute, enforce and protect our patents and other intellectual property rights; and (viii) as well as other factors listed in the Company's most recently filed Form 10-K. 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 March 31 (Dollars in thousands except per share data) (unaudited) For the Three Months Ended March 31, --------------------- 2003 2002 ---------- ----------REVENUES: $ 37,324 $ 20,949 ---------- ----------OPERATING EXPENSES: Sales and marketing 1,210 1,090 General and administrative 4,117 3,694 Patents administration and licensing 3,139 2,855 Development 11,388 11,815 ---------- ---------- 19,854 19,454 ---------- ---------- Income (loss) from operations 17,470 1,495OTHER INCOME 10,580 -NET INTEREST INCOME 419 500 ---------- ---------- Income before income taxes 28,469 1,995INCOME TAX PROVISION (1,742) (1,945) ---------- ---------- Net income 26,727 50PREFERRED STOCK DIVIDENDS (34) (34) ---------- ----------NET INCOME TO COMMON SHAREHOLDERS $26,693 $16 ========== ==========NET INCOME PER COMMON SHARE - BASIC $0.49 $0.00 ========== ==========WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC 54,604 53,966 ========== ==========NET INCOME PER COMMON SHARE - DILUTED $0.45 $0.00 ========== ==========WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED 58,666 56,847 ========== ========== SUMMARY CASH FLOW For the Periods Ended March 31 (Dollars in thousands) (unaudited) For the Three Months Ended March 31, --------------------- 2003 2002 ---------- ----------Net income before pref. stock dividends $26,727 $50Depreciation & amortization 2,604 2,684Increase in deferred revenue 32,236 46,000Deferred revenue recognized (10,964) (12,867)Decrease (increase) in operating working capital, deferred charges and other (49,680) (45,720)Capital spending & patent additions (1,649) (2,688) ---------- ---------- CASH FLOW BEFORE FINANCING ACTIVITIES (726) (12,541)Debt decrease & preferred dividends (81) 57Net stock issued 7,823 698 ---------- ---------- NET INCREASE (DECREASE) IN CASH AND SHORT-TERM INVESTMENTS $ 7,016 $(11,786) ========== ========== CONDENSED BALANCE SHEETS (Dollars in thousands) (unaudited) March 31, December 31, 2003 2002 ------------ ------------AssetsCash & short-term investments $94,582 $87,566Accounts receivable 99,638 53,486Other current assets 8,192 7,627Property & equipment (net) 12,934 14,091Patents (net) & other non-current assets 27,987 28,408 ------------ ------------TOTAL ASSETS $243,333 $191,178 ============ ============Liabilities and Shareholders' EquityCurrent portion of long-term debt $192 $189Accounts payable & accrued liabilities 10,266 14,124Foreign & domestic taxes payable 3,940 5,434Deferred revenue 111,942 90,670Long-term debt & long-term liabilities 3,540 1,970 ------------ ------------TOTAL LIABILITIES 129,880 112,387SHAREHOLDERS' EQUITY 113,453 78,791 ------------ ------------TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $243,333 $191,178 ============ ============
SOURCE: InterDigital Communications Corporation
CONTACT: InterDigital Communications Corporation Media Contact: Dawn Goldstein, 610/878-7800 dawn.goldstein@interdigital.com or InterDigital Communications Corporation Investor Contact: Janet Point, 610/878-7800 janet.point@interdigital.comURL: http://www.businesswire.comToday's News On The Net - Business Wire's full file on the Internetwith Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
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KEYWORD: PENNSYLVANIAINDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKING SOFTWARE HARDWARE EARNINGS
ERN/CALL: IDCC To Hold Q1 Conf Call @ 10:00 ET Today [delayed]
Ridgeland, MS, MAY 13, 2003 (EventX/Knobias.com via COMTEX) -- Interdigital Communications Corp (NasdaqNM: IDCC) will hold a conference call today at 10:00 a.m. ET to discuss its 2003 Q1 financial results.
To access the call within the U.S. dial (877) 505-0448 by 9:50 a.m. ET and ask the operator for the InterDigital First Quarter 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 website at www.interdigital.com . The Company encourages participants to take advantage of the Internet option if possible. For the live Internet broadcast, click on the microphone icon next to "Live Web Cast" on the homepage and it will link to the webcast. In preparation for the webcast, InterDigital recommends that you complete the Pre-Event System Test.
In addition, a replay of the call will be available for 48 hours after completion of the live call. To access the recorded replay, dial (800) 642-1687 and use confirmation code 9890666.
Due to the listen-only nature of the broadcast, 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.
Misc Releated Info:
** Original Confirmation
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been delayed by 20 minutes. To get all Knobias alerts in real-time daily, visit http://www.knobias.com/cmtx
ABOUT KNOBIAS: Knobias is a financial information provider serving retail investors and trading professionals. Knobias provides customers with COMPLETE DESKTOP SOLUTIONS, including Real-time desktop applications, Real-time news & alerts via RAiDAR and a complete fundamental database covering over 13,000 stocks.
CONTACT: Knobias.com, LLC 601-978-3399 601-978-3675 info@knobias.com www.knobias.com/cmtx
Copyright 2002 Knobias.com, LLC, All rights reserved.
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SUBJECT CODE: Conference Call Earnings Release
Siemens Expands GSM Mobile Networks for China Mobile in Shanghai and
Anhui - Order Worth 36 Million US Dollars
MUNICH, Germany, May 13, 2003 (BUSINESS WIRE) -- The Siemens Information and Communication Mobile Group (Siemens mobile) is to expand the GSM networks for the leading Chinese mobile provider China Mobile Communications Corporate Ltd. (China Mobile) in Shanghai and in the Chinese province of Anhui. The expansion projects now agreed between China Mobile and Siemens Shanghai Mobile Communications Ltd. (SSMC) are worth a total of 36 million US dollars and should be completed in June 2003.
The project with the China Mobile subsidiary Anhui Mobile is the seventh phase of the network expansion in the Anhui province. Within the scope of the project, Siemens is supplying and installing new GSM 900 network components such as transmit and receive stations (base stations) of the type BS240XL, which will increase the network capacity and prepare it for the installation of third generation (3G) mobile infrastructure. Following this expansion, over 3.4 million subscribers in 17 regions overall in the Anhui province will be able to make calls via GSM. Siemens is the sole provider of GSM 900 technology for Anhui Mobile.
In Shanghai, Siemens is upgrading Shanghai Mobile's GSM network primarily with software updates for the base stations of the type BR 6.0. These will increase the capacity and availability of the network and allow Shanghai Mobile to offer its customers new mobile data services.
Siemens has been one of the main providers of mobile network technology for China Mobile since 1995. With around 123 million customers, China Mobile is the largest GSM mobile operator in the world.
The joint venture Siemens Shanghai Mobile Communications Ltd. (SSMC) is producing Siemens mobile systems for China. Since its foundation in 1993, the company has been developing, producing, and marketing GSM base stations and switching technology as well as mobile telephones. Siemens holds a 60 percent share in SSMC, Shanghai Video and Audio Corporation 26 percent; Shanghai Mobile Communications Ltd. 10 percent, First Research Institute of the Ministry of Post and Telecommunication 4 percent. SSMC has established over 34 GSM networks across China for China Mobile and China Unicom in 26 provinces and municipalities.
More than 820 million users are making GSM the world's most successful mobile telephony standard. With currently more than 180 international customers in over 90 countries, Siemens mobile is the number three system supplier for GSM mobile networks and is the market leader as a supplier for prepaid technology. The Group also holds a top ranking in the area of GPRS and UMTS. Thanks to this positive development, Siemens mobile has done very well in a very difficult market environment.
The Siemens Information and Communication Mobile Group (Siemens mobile) offers the complete range of mobile solutions including mobile devices, infrastructure and applications. Devices include mobile phones, wireless modules, mobile organizers and cordless phones as well as products for wireless home networks. The infrastructure portfolio includes GSM, GPRS and 3G mobile network technologies from base stations and switching systems to intelligent networks, e.g. for prepaid services. Mobile Applications cover end-to-end solutions for Messaging, Location Based Services or Mobile Payment. For fiscal 2002 (September 30), Siemens mobile recorded sales of EUR 11 billion and employed approximately 28.600 people worldwide.
You can access further information about Siemens IC Mobile on the Internet at
http://www.siemens-mobile.com
You can access press releases, photographs and further information on the internet at:
http://www.siemens-mobile.com/press
SOURCE: Siemens
CONTACT: Siemens AG Corporate Communications Press Office Information and Communication Mobile Networks Christian Hoenicke Tel.: +49-89 722-53910; Fax: -44780 E-mail: christian.hoenicke@siemens.comURL: http://www.businesswire.comToday's News On The Net - Business Wire's full file on the Internetwith Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
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KEYWORD: GERMANY INTERNATIONAL EUROPEINDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKING
RTX Telecom: First TD-SCDMA chipset to be ready for mass-production of
phones by mid 2004
May 13, 2003 (M2 PRESSWIRE via COMTEX) -- RTX Telecom has signed an agreement concerning the development of a state-of-the-art GSM/TD-SCDMA chipset for the Chinese 3G TD-SCDMA standard with a tier-one supplier of cellular chip-sets. The TD-SCDMA part of the chipset will be based on RTX Intellectual Property (IP).
The chipset will be available in engineering samples by the end of 2003 and for mass-production by the first half of 2004. It is expected that it will be the first chipset available for development of commercial TD-SCDMA handsets.
The GSM/TD-SCDMA chipset will be based on the chip supplier`s EDGE and W-CDMA chipsets, ensuring a high combined production volume and a competitive price for the chipset. RTX Telecom is convinced that handsets based on the chipset will be able to compete with all other 3G technologies on key competitive factors such as cost, size, weight and standby/talk-time.
RTX Telecom has been working on development of TD-SCDMA IP, firmware, software and handset designs since the year 2000 and sees a strong interest from handset manufacturers in developing commercial GSM/TD-SCDMA handsets for the Chinese market. The new chipset is expected to accelerate the development of handsets and keep RTX Telecom in the forefront of TD-SCDMA.
The chipset will be able to handle all services supported by the TD-SCDMA networks in China. Handsets based on the chipset will be able to fall back on GSM/GPRS in geographical areas without TD-SCDMA coverage.
Based on this Agreement, RTX Telecom will be able to accept contracts from customers immediately for the development of competitive handset designs to be approved and mass-produced by mid 2004.
CEO JoergenElbaek, RTX Telecom, comments: "Securing competitive chipsets for development of commercial TD-SCDMA terminals has been the most important milestone to pass in our plans to become a leading design company in the TD-SCDMA market".
"We hope this will help the Chinese authorities in their process of issuing TD-SCDMA licenses to operators. It is our belief that the chipset will be the first in the market based on proven technology, and we hope it will help secure a strong position for RTX Telecom in the future TD-SCDMA market." adds MrElbaek.
The Chinese authorities have not yet issued TD-SCDMA licenses to mobile operators, but RTX Telecom expects this to happen before long.
With regards RTXTelecom A/S
JoergenElbaek ManagingDirector
About RTX Telecom
RTX Telecom is an internationally oriented group which develops and markets advanced, high-tech wireless development projects and products, including cordless phones, BluetoothTM-headsets and mobile telephones. The business of the group supplies several links in the telecom industry value chain.
The RTX Telecom mission is to be the preferred supplier of advanced solutions in the area of wireless technology systems, especially with regard to DECT, DCT2.4GHz, BluetoothTM, GSM/GPRS, CDMA, TD-SCDMA and WLAN. Through flexibility, rapid reaction times, high quality and a thorough knowledge of customers` production processes and market circumstances, the group seeks to create an increase in value within the business areas of its customers.
In the previous financial year, RTX Telecom published a turnover of DKK 208 million and at present the group employs a staff of 243 of which 199 are engineers and technicians.
About TD-SCDMA
TD-SCDMA stands for Time Division - Synchronous Code Division Multiple Access.
TD-SCDMA is a third generation mobile telephony standard developed by CATT (China Academy of Telecommunications Technology) in collaboration with Datangand Siemens. Chinais expected to make a final decision on the standard during 2003. TD-SCDMA enables surfing the Internet at a speed of up to 2 Mbit/s, or 35 times faster than an ordinary 56k modem and telephone line link.
It also allows supremely efficient use of the infrastructure.
CONTACT: Joergen Elbaekon Tel: +45 96 32 23 00 e-mail: press@rtx.dk
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)1994-2003 M2 COMMUNICATIONS LTD
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Samsung to Roll out BREW-based Mobile Phones in China
SHANGHAI, May 13, 2003 (SinoCast via COMTEX) -- On May 6, Samsung and Qualcomm declared in Beijing that they will cooperate to roll out Samsung's first BREW-based mobile phone, SCH-X339, in China this month. The SCH-X339 mobile phone can support the full-series value-added businesses of China Unicom, including BREW application downloads, color emails and color short messages. Subscribers can wirelessly download diversified applications, including business tools, efficiency tools, and games.
Samsung is the world's biggest CDMA mobile phone maker. At present, more than 50 kinds of BREW-based mobile phone have been launched across the world. (Bai/J)
From Source: News Express page 14, Monday, May 12, 2003 info@SinoCast.Com
Copyright (C) 2003 SinoCast, All rights reserved
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KEYWORD: SHANGHAIINDUSTRY KEYWORD: Marketing InvestmentSUBJECT CODE: Computers, Telecom and Information Technology
First-Alert: 10 a.m. Investrend / Bestcalls
May 13, 2003 (financialwire.net via COMTEX) -- (FinancialWire) Conference calls scheduled during the 10 a.m. market period on Investrend Broadcast via partner BestCalls include Boca Resorts, Inc. (NYSE: RST), Foamex International Inc. (NASDAQ: FMXI), PlanVista Corporation (NASDAQ: PVST), InterDigital Communicatio (NASDAQ: IDCC), LTX Corporation (NASDAQ: LTXX), Neurogen Corporation (NASDAQ: NRGN), Option Care, Inc. (NASDAQ: OPTN), Amedisys, Inc. (NASDAQ: AMED), British Sky Broadcasting (NYSE: BSY), Cablevision Systems Corp. (NYSE: CVC), Colorado MEDtech, Inc. (NASDAQ: CMED), Deere & Company (NYSE: DE), DVI, Inc. (NYSE: DVI), Pioneer-Standard Electron (NASDAQ: PIOS), Scitex Corporation Ltd. (NASDAQ: SCIX), Tefron Ltd. (NYSE: TFR), Trimeris, Inc. (NASDAQ: TRMS), Ultralife Batteries, Inc. ULBI), Williams Companies, Inc. (NYSE: WMB), Universal Access Global H (NASDAQ: UAXS), Innovative Solutions & Su (NASDAQ: ISSC), Heritage Property Invest. (NYSE: HTG), Allied Capital Corp (NYSE: ALD), and Corinthian Colleges, Inc. (NASDAQ: COCO).
Conference calls are often impacted by market trends, geopolitical conditions, news coming from conferences and economic releases.
Charles Payne, of Wall Street Strategies (http://www.wstreet.com/default.asp) called Monday “another ugly win," because while “the underlying details and numbers actually paint a picture of a market that should be screaming," at the end of the day, any wins “have been nominal and draining." It looks like the three-year bear market has embedded such a legacy of doubt that many investors don't want to take the bait, he said, noting that “even with the average daily volume creeping higher ... it looked like there was a bunch of churning instead of fresh money entering the game." The main problem for the market seems to be an inability to breakout, said Payne, and “the root of this paralysis is a lack of belief." Payne added that the standards for the blue chips are always more stringent than for the NASDAQ, “which has a way of manipulating the minds of investors the way Rasputin tried to manipulate the minds of Russian royalty," noting “the big event for NASDAQ came with the earnings report from Intel. The semiconductor giant posted mixed results, but the Street embraced the better parts of the report and also additional comments made by management that hint at a brighter future for the computer chip segment." Bear Stearns will hold a two-day Transportation Conference beginning today, and both Salomon Smith Barney and U.S. Bancorp Piper Jaffray will host Technology Conferences, all in New York.
The FirstAlert Earnings Monitor focuses today on retailers Wal-Mart (NYSE: WMT), expected at $0.42 versus $0.37 a year ago, May Department stores (NYSE: MAY), at $0.19 versus $0.31 and Abercrombie & Fitch (NYSE: ANF), expected at $0.26 versus $0.23, plus some technologies such as Applied Materials (NASDAQ: AMAT), expected at $0.02 versus $0.03, and Computer Sciences (NYSE: CSC), expected at $0.94 versus $0.93. 3M Corporation (NYSE: MMM) will hold a stockholders meeting today.
Today's Investrend Economics Monitor is focused on Trade Balance for May, expected at $41 billion, at 8:30 a.m., and Weekly Chain Store Sales to factor in with the retailers earnings, at 9 a.m.
The Investrend NYSE / NASDAQ 50 Most Actives is an indicator of the depth of market direction or indirection. While not always including the same stocks, it is instead a “money indice," showing which direction the mass of money is flowing. Monday the Most Actives featured 45 advancers against only 5 decliners. The advancers were led by Western Digital (NYSE: WDC), ahead 10.67%, Conextant Systems (NASDAQ: CNXT), up 10.34%, Sirius Satellite Radio (NASDAQ: SIRI), ahead 9.28%, and Sun Microsystems (NASDAQ: SUNW), up 8.84%. The decliners were too miniscule to chronicle.
Conference call details are at Investrend Broadcast at http://www.investrend.com/articles/secondlevel.asp?level=164
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FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. Investrend provides a wide range of forums, independent research and webcasting platforms for shareholder empowerment. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp
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(C) 2003 financialwire.net, Inc. All rights reserved.
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Alley, Lets you and I put that shmuck on ignore.eom
Lots of it...IF he had.
Like almost 500%!
Aug. 5th,2002 IDCC closed @ 6.32....9 months later IDCC is @ 24.70. ENOUGH SAID.
sjratty, PLEASE shut up!eom
52W HIGH: New 52-Wk High for IDCC @ $24.420 up2.09% [delayed]
Ridgeland, MS, MAY 12, 2003 (EventX/Knobias.com via COMTEX) -- This is the 2nd 52 WEEK HIGH alert for IDCC in the past 7 calendar days.
The share price for Interdigital Communications Corp (NASDAQ NM: IDCC) reached a new 52-week high today, trading at $24.420, up $0.500 (2.09%) from its previous close of $23.920.
The Company's previous 52-week high of $24.410 was set 5 days ago on May 07, 2003.
One year ago, the Company's shares closed at $12.360. The price has climbed more than 97 percent since then.
At the time of this alert, the stock had traded 162,700 shares via 534 trades, 75.05% below it's 20day average of 652,210 shares.
This new 52-week high currently puts the stock:
11.88% above its 20day Moving Average of $21.827
24.92% above its 50day Moving Average of $19.548
44.79% above its 100day Moving Average of $16.866
The Company last released news on May 07, 2003:
"InterDigital Executives to Speak at Fifth Annual U.S. Bancorp Piper Jaffray Technology Conference in New York"
INTERDIGITAL COMMUNICATIONS CORP
InterDigital Communications Corporation specializes in the architecture, design and delivery of wireless technology and product platforms. The Company develops advanced wireless technologies and products that facilitate voice and data communications. In conjunction with its technology development, the Company has assembled an extensive body of technical know-how, related product embodiments and a broad patent portfolio of Time Division Multiple Access (TDMA) and Code Division Multiple Access (CDMA) patents, which its licenses worldwide. The Company markets technologies and solutions primarily to wireless communications equipment producers and related suppliers. These solutions are embedded into products targeted for the following wireless telecommunications applications: mobile phones, personal digital assistants, mobile computing devices, other terminal-end wireless devices, base stations, and other infrastructure equipment.
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been delayed by 20 minutes. To get all Knobias alerts in real-time daily, visit http://www.knobias.com/cmtx
ABOUT KNOBIAS: Knobias is a financial information provider serving retail investors and trading professionals. Knobias provides customers with COMPLETE DESKTOP SOLUTIONS, including Real-time desktop applications, Real-time news & alerts via RAiDAR and a complete fundamental database covering over 13,000 stocks.
CONTACT: Knobias.com, LLC 601-978-3399 601-978-3675 info@knobias.com www.knobias.com/cmtx
Copyright 2002 Knobias.com, LLC, All rights reserved.
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SUBJECT CODE: 52-Week High
24.42 and climbing.eom
Optical Keyhole Interviews Ericsson's Director, Corporate Business
Development
LONDON, May 12, 2003 (BUSINESS WIRE) -- Optical Keyhole Interviews Ericsson's (Stockholm: ERICb.OMX / NASDAQ: ERICY) Director, Corporate Business Development
Optical Keyhole - http://www.opticalkeyhole.com - the premier online source for information on the optical industry, is carrying an extensive interview with
a. Gunnar Liljegren, Director, Corporate Business Development at Ericsson, (Stockholm: ERICb.ST / NASDAQ: ERICY), together with
b. Peter Linder, Technical Director, Ethernet Broadband Access Business Unit, and Torbjorn Sundqvist, Director of Marketing and Sales, Network Technologies Business Unit,
c. and Marten Wahlstrom, Team Leader, Product Portfolio Management, Optical Networks. The interview can be found at
http://www.opticalkeyhole.com/keyhole/html/ericsson.asp covering, at a corporate level -- Positioning -- Network convergence -- The 3G mirage -- The CDMA alternative -- Wi-Fi -- Mobile handsets
and the Transmission business: including an interview with Marten Wahlstrom, Team Leader, Product Portfolio Management, Optical Networks, covering:
-- Marconi partnership -- Strategy -- Product portfolio -- Next Generation technology -- The ENGINE concept -- Market focus
Plus Ericsson's focus and innovation on Ethernet In The First Mile with Peter Linder, Technical Director, Ethernet Broadband Access Business Unit, and Torbjorn Sundqvist, Director of Marketing and Sales, Network Technologies Business Unit, covering
-- Public Ethernet strategy -- Broadband market development -- Barriers to broadband -- Pricing -- "Killer" applications -- FTTH -- Network capacity -- DSLAM products -- Ribbonet solution -- Standards-based approach -- Competition -- Market focus About Optical Keyhole:
Carrying nearly 15,000 individual articles and commentaries, a range of lengthy interviews and profiles, and 16 different directories, the site is now the most widely used resource of its type.
SOURCE: Optical Keyhole
CONTACT: Optical Keyhole Juliane Eichhorst Tel ++44 1243 784 266 Juliane@opticalkeyhole.comURL: http://www.businesswire.comToday's News On The Net - Business Wire's full file on the Internetwith Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
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KEYWORD: UNITED KINGDOM SWEDEN INTERNATIONAL EUROPEINDUSTRY KEYWORD: TELECOMMUNICATIONS E-COMMERCE INTERNET COMPUTERS/ELECTRONICS
ParthusCeva SmartCores(TM) are Foundation of Wireless Modems from Korea's
EoNex
SAN JOSE, Calif., May 12, 2003 (PRIMEZONE via COMTEX) -- ParthusCeva, Inc. (Nasdaq:PCVA) (LSE:PCV) the leading provider of licensable Digital Signal Processor (DSP) cores and platform-level IP to the semiconductor industry, together with EoNex Technologies, Inc., a Korean semiconductor company, today announced that EoNex is basing its 2G, 2.5G and 3G wireless modem chips on ParthusCeva's TeakLite(R) DSP Core. EoNex's TeakLite-powered modems chips are used with current and future generation cellular standards including CDMA, W-CDMA, and CDMA2000.EoNex targets the fast emerging Korean and Chinese wireless handset developers and manufacturers with its modems based on ParthusCeva's programmable TeakLite DSP core. TeakLite enables the development of low power handset modems and is an optimum solution for the modem functionality, low-power speech and audio processing required by mobile and communication devices.
EoNex has successfully developed and introduced CDMA, CDMA2000 1x single mode, W-CDMA single mode and CDMA2000 1x / W-CDMA dual mode modem chips. EoNex is planning to expand its product line further by the end of 2004 with triple-mode modem chips including W-CDMA/CDMA2000 1x/1x EV-DO and dual-mode modem chips for W-CDMA / TD-SCDMA. ParthusCeva DSP cores will be powering these EoNex wireless modems chipsets. EoNex is also developing an optimized protocol stack software that is tightly integrated with EoNex's modem chip in the SoC environment.
"Basing our product line on ParthusCeva's compact, low-power, high-performance programmable TeakLite DSP core enables us to extend handset battery life for modems running in single, dual and even triple modes," Mr. S.B. Kim, EoNex Director of ASIC and System Department, explained. "Our one-stop solution package of modem chip and protocol stack software provides terminal set manufacturers with a considerable reduction in terminal set design cycle and development cost."
"Korea and China are the fastest growing markets for 2.5 and 3G wireless terminals," said Bat-Sheva Ovadia, ParthusCeva's Strategic Marketing and Business Development VP. "EoNex's selection and deployment of our TeakLite DSP core further extends our position as the licensed DSP of choice in wireless."
About TeakLite
TeakLite is a 16-bit fixed-point general-purpose DSP core. Designed for low power and high-performance applications such as cellular handsets, MP3 players, disk drive controllers, cordless, VoIP terminals and various embedded control applications. TeakLite, a fully synthesizable soft core, is a process independent core that is easily portable to any ASIC library.
The TeakLite is a member of ParthusCeva's SmartCores(TM) family. These low-power, fixed-point licensable DSP cores offer a range of performance, price and power consumption balances, addressing a wide range of applications, from low-end, high-volume applications, such as digital answering machines, hard disk controllers, low speed modems and Voice over IP terminals, to high performance applications such as third generation (3G) cellular communications, broadband modems, consumer multimedia and Voice over IP gateways. A comprehensive portfolio of software and hardware development tools support the SmartCores family. In addition, a large network of third party companies offers applications, tools and design services solutions.
SmartCores licensees benefit from the advanced architecture features, such as:
- Fully synthesizable soft core that can be ported to any process or foundry - Code compatible allowing re-use of legacy code and significantly shorter time to market - Low power consumption - High code density -- to reduce chip cost
- Cores offered at various performance levels, beginning with single-MAC (OakDSPCore(R) and TeakLite(R)) architecture to Dual-MAC (Teak(R)), Dual-MAC with Instruction Level Parallelism (PalmDSPCore(R)) and the scalable, multiple MAC and extendible architecture of CedarDSPCore.
About EoNex
EoNex Technologies Incorporated provides a one-stop solution package of tightly integrated and reliable modem chip and protocol software to wireless terminal equipment manufacturers for a time-to-market delivery of cost and performance-effective wireless terminal products. EoNex, founded in Korea in 2000, designs wireless modem chips and protocol stack software focusing on the 2.5G and 3G wireless technologies. EoNex employees possess unique experience in development and commercialisation of the 2G and 2.5G modem chips and protocol stack software in the Korean CDMA market.
About ParthusCeva
Headquarted in San Jose, ParthusCeva (Nasdaq: PCVA) and (LSE: PCV) is the leading licensor of DSP and a leading provider of application-specific platform Intellectual Property (IP) to the semiconductor industry. ParthusCeva was created as a result of the combination of Parthus Technologies plc, a leading provider of application-specific platform IP, and Ceva, formerly the licensing division of DSP Group, the leading licensor of DSP cores. For more information, visit us at http://www.parthusceva.com.
ParthusCeva Safe Harbor Statement
This document contains "forward-looking statements", which are subject to certain risks and uncertainties that could cause actual results to differ materially from those stated. Any statements that are not statements of historical fact (including, without limitation, statements to the effect that the company or its management "believes," "expects," "anticipates," "plans" and similar expressions) should be considered forward-looking statements. Important factors that could cause actual results to differ from those indicated by such forward-looking statements include uncertainties relating to the ability of management to successfully integrate the operations of Parthus and Ceva, uncertainties relating to the acceptance of our DSP cores and semiconductor intellectual property offerings, continuing or worsening weakness in our markets and those of our customers, quarterly variations in our results, and other uncertainties that are discussed in the registration statement on Form S-1and the most recent quarterly report on Form 10-Q of ParthusCeva (formerly called Ceva, Inc.), on file with the U.S. Securities and Exchange Commission.
Contact: ParthusCeva, Inc. Barry Nolan 1 (408) 514-2900 +35 31 402 5700 Bat-Sheva Ovadia +972 9 952 9616 Batsheva.ovadia@parthusceva.com EoNex Technologies, Inc. Sang Bong Kim +82-31-710-8711 sangk@eonex.co.kr Media / Ruder Finn Josh Shuman (212) 593-5886 shumanj@ruderfinn.com
By Staff
(C) 2003 PRIMEZONE, All rights reserved.
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INDUSTRY KEYWORD: ElectronicsSUBJECT CODE: INTERNATIONAL SOFTWARE Business Contracts
Alley, 100% right !
Telecom Creeping Back To Fore With Investors Eyeing Recovery
BY MIKE ANGELL AND REINHARDT KRAUSE
INVESTOR'S BUSINESS DAILY
Telecom companies have failed to connect with investors for years, but they've come a long distance in recent weeks.
Four of the six telecom groups tracked by IBD rank in the top 14 of the total 197 groups. The rankings are based on stock performance in the last six months. A fifth, telecom equipment, is No. 30, up from 66 six months ago. Of the six, only telecom services lags, at No. 112.
The 53 stocks in telecom services, though, include many of the big, best-known names in the field, such as AT&T, Verizon (VZ) and SBC. (SBC) Yes, there are plenty of problems with plenty of telecoms. And there are bright spots as well.
"The rally was a shift, a view that maybe the worst is behind the telecom operators, and maybe even equipment suppliers," said Evan Miller, a London-based telecom portfolio manager at Gabelli Asset Management Inc.
But Miller points out that revenue growth is muted and that bottom-line improvements stem largely from cost cuts.
"There remains a lot of caution in the industry," he said. "I'm not sure there's conviction that (the stock rally) is sustainable."
Out Of The Doldrums
Telecom is a complex, multilayered industry. But unlike the last two years, it's no longer all in the dumps.
"There are," said Ted Moreau, an analyst with Robert W. Baird & Co., "certain niche markets in telecom that are working."
The reasons for this are many and varied. Take telecom gear maker Allen Telecom Inc. (ALN) Its shares have risen 60% since April 1, though many wireless equipment companies have been hurt by sharp cuts in spending for network gear by carriers and for cell phones by consumers.
Lehman Bros. sees a 5% rise in 2004, but it says wireless gear sales will be about $40 billion this year, down from $45 billion last year and down 28% from a record $56 billion in 2001.
Wireless carriers, though, have to spend dough in some areas. One area is improved 911 service. The Federal Communications Commission ordered carriers to provide a way for operators to locate wireless 911 callers, just as they can with wireline 911 calls.
To comply, AT&T Wireless has turned to location equipment from Allen Telecom. That's helped Allen Telecom boost first-quarter sales 23% from the year-ago period to $111 million. It reported a profit of 26 cents a share vs. a loss of 2 cents.
Of Allen's 911 location products, A.G. Edwards analyst Mark Jordan said, "You had a product that went from zero sales last year to one that will account for nearly a third of sales this year."
Its contract to supply AT&T Wireless should be worth about $500 million over the next several years, says Needham & Co. analyst Rich Valera.
Like just about everyone else in telecom, Allen is doing a better job controlling costs, Valera says. And he likes its plans to merge with larger rival Andrew Corp. (ANDW)
No. 1 In Equipment
"They'll be the largest independent producer of cellular network equipment," Valera said.
As for cell phones, unit sales fell for the first time ever in 2001 and stayed about even in 2002, but they're expected to rise 10% this year to 450 million.
Many new phones have color screens and can download games, take pictures and send e-mail. The cell phone industry is counting on these new — or 3G, for third-generation — features to recharge growth.
One likely beneficiary of such growth is InterDigital Communications. (IDCC) It owns about 760 patents for various types of wireless technology. While most of its license revenue comes from older technologies, it hope companies will also begin to license its 3G patents.
Nokia Corp., (NOK) the largest cell phone maker, licenses InterDigital's technology. So do such big names as Samsung, Sanyo, (SANYY) NEC (NIPNY) and Infineon Technologies. (IFX) "It's sort of a mini-Qualcomm," said Hilliard Lyons analyst Tom Carpenter.
Carpenter, who owns shares in InterDigital, says the company gained from a recent settlement with Sweden's Ericsson over cell phone technology. Ericsson (ERICY) basically agreed to pay InterDigital for some technologies it used in making cell phones and network gear.
InterDigital says the settlement could be worth up to $34 million.
But more important, Carpenter says, the deal means Nokia and Samsung might have to settle similar disputes with InterDigital. InterDigital expects Nokia and Samsung combined will pay $180 million to $220 million in licensing fees.
Watershed Event
"That's a watershed event for a company of this size," Carpenter said.
Foreign telecom service providers also are doing well. IBD ranks the telecom wireless services group — the firms include American Movil SA (AMX) and Vimpel Communications (VIP) — No. 10. IBD's foreign telecom services group is No. 12. Its companies include Golden Telecom.(GLDN) Mexico-based American Movil's subscribers span Latin America, while Vimpel and Golden Telecom operate in Russia.
Other Latin American wireless stocks are up amid government moves to deregulate or restructure phone industries. In some countries, fixed-line companies are getting into the wireless business.
Brazil And Russia
Emerging markets are largely untapped. While most people in the U.S. and Western Europe use mobile phones, penetration is just 15% in Brazil and Russia, analysts say.
"With political stability and economic currency stability, there can be some terrific performance in emerging markets," said Gabelli Asset's Miller.
But it's not just the smaller companies whose stocks are on the rise. Take Vodafone Group, (VOD) the world's largest wireless service provider. The U.K.-based carrier's American depositary receipts are up from 12 in September to about 19.
The company has pared debt and is reaping more sales from new photo and game services.
A new CEO takes over in July. If Vodafone shows more signs that its investment in 3G services has started paying off, other wireless carriers also could benefit, analysts say.
Even on this side of the Atlantic some wireless carriers are doing well. First-quarter subscriber growth for U.S. carriers beat analysts' views.
Analysts say such providers as Nextel Communications (NXTL) and AT&T Wireless (AWE) have cut costs and improved free cash flow. If more wireless firms turn free cash-flow positive, credit-rating agencies could upgrade the companies. And some speculate that a healthier industry could see more consolidation.
Local Battles
In the meantime, the big U.S. phone carriers continue to battle it out, often cutting costs to gain share and competing head-on in local and long-distance markets.
Regional Bells Verizon, SBC and BellSouth (BLS) are offering customers discounts if they buy local calling plans along with long-distance, Internet access and wireless services.
Bell operating margins are falling because of price cuts. The big item is average revenue per customer, analysts say. For leading wireless carriers, ARPU fell in the first quarter. That's a disturbing sign, says Merrill Lynch analyst Linda Mutschler.
AT&T Corp. (T) shares rose sharply when it reported better-than-expected first-quarter earnings last month, but the rally petered out. The company faces more long-distance competition from the Bells.
For U.S. carriers, revenue trends remain troubling, says UBS analyst John Hodulik.
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tucayo, Thanks for that info.eom
worth a repeat:InterDigital Executives to Speak at Fifth Annual U.S. Bancorp Piper
Jaffray Technology Conference in New York
KING OF PRUSSIA, Pa., May 7, 2003 (BUSINESS WIRE) -- InterDigital Communications Corporation (Nasdaq:IDCC), a leading architect, designer and provider of wireless technology and product platforms, today announced that the Company will present at the Fifth Annual U.S. Bancorp Piper Jaffray Technology Conference in New York City on May 14, 2003 at noon EDT.
The conference, which takes place on May 13 and 14, will feature more than 130 high-profile technology and communications companies addressing issues of importance to the investment community.
Interested investors can access a live audio web cast of the Company's 30-minute presentation at www.interdigital.com. To listen to the presentation, click on the microphone icon next to "Live Web Cast" on the Home Page and you will link to the web cast. A replay of the presentation will be available for 30 days following the conference.
About InterDigital
InterDigital architects, designs and provides advanced wireless technologies and products that drive voice and data communications. The Company offers technology and product solutions for mainstream wireless applications that deliver cost and time-to-market advantages for its customers.
InterDigital has a strong portfolio of patented technologies covering 2G, 2.5G and 3G standards, which it licenses worldwide. For more information, please visit InterDigital's web site: www.interdigital.com. InterDigital is a registered trademark of InterDigital Communications Corporation.
SOURCE: InterDigital Communications Corporation
CONTACT: InterDigital Communications Corporation Media: Dawn Goldstein, 610/878-7800 dawn.goldstein@interdigital.com or Investor: Janet Point, 610/878-7800 janet.point@interdigital.comURL: http://www.businesswire.comToday's News On The Net - Business Wire's full file on the Internetwith Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
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KEYWORD: PENNSYLVANIA NEW YORKINDUSTRY KEYWORD: TELECOMMUNICATIONS E-COMMERCE INTERNET COMPUTERS/ELECTRONICS BANKING TRADESHOW
Ams- Annual Meeting of Shareholders
06/04/2003 18:00:00 to 06/04/2003
Marriott Philadelphia West
West Conshohocken , PA , US
U.S. Bancorp Piper Jaffray Technology Conference
05/14/2003 16:00:00 to 05/14/2003
New York , NY , US
Q1 2003 InterDigital Communications Corporation Earnings Release
05/13/2003 to 05/13/2003 12:30:00
Q1 2003 InterDigital Communications Corporation Earnings Conference Call
05/13/2003 14:00:00 to 05/13/2003 14:00:00
InterDigital Communications Corporation at U.S. Bancorp Piper Jaffray 5th Annual Technology Conference
05/14/2003 16:00:00 to 05/14/2003 16:00:00
Grand Hyatt New York at Grand Central Station
New York , NY , US
TI Challenges QUALCOMM to CDMA Duel
May 07, 2003 (Internet.com via COMTEX) -- Texas Instruments threw down the gauntlet Wednesday saying it will "expand its presence" in the CDMA market.
At its annual analysts' meeting in Dallas, TI said it will begin offering CDMA2000 products to a broad base of customers beginning next quarter. The company also said it is on track to produce a single-chip cell phone, "with all of a cell phone's key functions integrated onto one chip" by the end of 2004.
"As functions are increasingly integrated, TI believes fewer companies possess the wireless expertise, system-on-chip integration skills, manufacturing know-how and advanced process technologies required to build tomorrow's cell phones," the company released in a statement.
The move is a direct blow to QUALCOMM , the company that owns most of the patents to the third-generation phone technology.
Also known as single carrier radio transmission technology (1xRTT) CDMA2000 is based on the Code Division Multiple Access (CDMA) platform and can provide ISDN-like speeds of up to 144 Kbps.
TI already makes a host of cell phone chips based on the more predominantly used GSM technology, but this is the first time that the chipmaker will go head-to-head with the San Diego-based wireless giant on its own turf. The two companies are under a CDMA licensing agreement until 2005.
Finland-based cell phone maker Nokia and Samsung Electronics have also announced their intention to make phones using their own CDMA chips.
"It's possible Nokia will be using Texas Instruments' chips for more fully featured advanced phones," Jane Zweig, the chief executive at consulting firm Shosteck Group told Reuters. "Nokia seems to be going after the low-end with what they're doing with their own chips."
TI says wireless is one of its fastest growing areas. The company said its revenue grew 7-times faster than the rest of the industry's handset units in 2002. The biggest factor in this content growth was higher shipments of products for 2.5G phones. More than 55 percent of TI's wireless revenue in the first quarter of 2003 came from 2.5G products.
The company has had its sights set on its own version of CDMA for sometime now. TI managed to buy Dot Wireless for $475 million back in June 2000. The San Diego startup headed by former QUALCOMM exec Rick Kornfeld was of great interest to TI because of its CDMA expertise.
And analysts say taking on a company that basically wrote the book on CDMA is not as risky as one might think.
"We don't know how TI's going to perform here ... but obviously ... another competitor, particularly one of TI's scale, is not a positive for QUALCOMM," Deutsche Bank Securities wireless equipment analyst Brian Modoff told Reuters.
And while TI did not release specific details about its CDMA plans, the company is expected to use the technology for its wireless handsets and basestations, broadband and digital consumer products.
By Michael Singer
URL: http://www.internet.com
Copyright 2003 INT Media Group, Inc. All rights reserved.Republication and redistribution of INT Media Group content isExpressly prohibited without the prior written consent of INT MediaGroup, Inc.. INT Media Group, Inc., shall not be liable for any errorsor delays in the Content, or for any actions taken in reliance thereon.
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SUBJECT CODE: 2.5G CDMA Electronics GSM
NTT DoCoMo back in the black as superfast 3G catches on
TOKYO, May 08, 2003 (AP WorldStream via COMTEX) -- Japan's top mobile carrier NTT DoCoMo returned to profitability in the fiscal year just ended as losses on overseas investments tapered off and its new superfast service began to attract a following after a shaky start.
Profits for the fiscal year ended March 31 totaled 212.5 billion yen (US$1.8 billion), a turnaround from a 116.2 billion yen loss a year ago largely caused by massive losses booked for investments in its overseas partners.
Sales edged up 3 percent to 4.8 trillion yen (US$41 billion) from 4.7 trillion yen, the Tokyo-based company said Thursday.
NTT DoCoMo, the mobile unit of Japan's No. 1 telecom Nippon Telegraph and Telephone Corp., expects revenue and profits to climb further in the year ending March 31, 2004.
Sales are forecast at 4.899 trillion yen (US$42 billion), up nearly 2 percent on year, and profits are expected to more than double to 618 billion yen (US$5.3 billion).
NTT DoCoMo still took a 324 billion yen (US$2.8 billion) charge for the falling value of equity in its affiliates in fiscal 2002, including 168 billion yen (US$1.4 billion) for AT&T Wireless of the United States, 72 billion yen (US$619 million) for Hutchison 3G UK Holdings of Great Britain and 68 billion yen (US$584 million) for KPN Mobile of the Netherlands.
But that was an improvement over the 644 billion yen racked up the previous year for investment losses.
NTT DoCoMo attracted 17 percent more users at 37.8 million, up from 32 million a year ago, to its "i-mode" Internet-linking service, which allows people to exchange e-mail, download ring-tones, search for restaurant and read news headlines on their cell phones.
The latest handsets with built-in cameras are selling briskly, DoCoMo said.
Its 3G, or "third-generation" service, which got off to a dismal start, has finally picked up as well to 330,000 users, up sharply from 89,000 a year ago.
The latest 3G models offer better video quality than the blurry early models and come with a screen that turns sideways to give more of a PC monitor feel and a variety of angles for photo shots.
Users shot up by 138,400 in March, the best month since NTT DoCoMo began 3G in 2001 - the world's first 3G commercial service.
The 3G phones relay information at up to 384 kilobits per second, or about 40 times the speed of i-mode phones. Some 3G models also work as videophones.
NTT DoCoMo is making a comeback on the back of 3G, said Kirk Boodry, analyst at Dresdner Kleinwort Wasserstein in Tokyo.
"This was one of the issues that was really causing some negative perceptions - that the 3G business wasn't growing as fast as some people had expected," Boodry said. "In terms of the competitiveness part, DoCoMo has always been fairly competitive."
DoCoMO is hoping to attract 1.46 million to its 3G service called FOMA, which stands for "freedom of mobile multimedia access," by March 31, 2004.
"We believe that the popularization and expansion of FOMA are the most important challenges facing DoCoMo," Chief Executive Keiji Tachikawa said.
By YURI KAGEYAMA AP Business Writer= ap_topic:Business;
Copyright 2003 Associated Press, All rights reserved
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APO Priority=r (PROFILE (WS SL:BC-AS-FIN-EARNS-Japan-DoCoMo; CT:f; (REG:ASIA;) (REG:ENGL;) (REG:EURO;) (REG:BRIT;) (REG:SCAN;) (REG:MEST;) (REG:AFRI;) (LANG:ENGLISH;)) )
KEYWORD: TOKYO AP Photos available
Nokia Launches its Latest Research on MMS Usage; Survey Shows Imaging
Capability to be Key Amongst Consumers
HELSINKI, Finland, May 8, 2003 (BUSINESS WIRE) -- Nokia today launched the latest market research on perceptions of existing and future Multimedia Messaging Service (MMS) -based mobile services in the United Kingdom, Japan, United States, Germany, Singapore and Finland.
The study, conducted in co-operation with The HPI Research Group, showed that the majority of respondents are excited by MMS which is set to ape the roaring success of SMS.
The vast majority of UK respondents - three-quarters - regard MMS as exciting. The positive expectations of users in the UK and other surveyed countries mirror actual mobile multimedia usage trends in Japan where these services are more developed than in the UK and the other four countries surveyed.
Among the research's key findings on UK perceptions was that the potential of downloadable picture-based services is greater than previously thought. UK respondents expressed great interest in downloadable services like travel information, news, games and screensavers. The study suggests that the popularity of these MMS-based services will capture traditional media spend for specific services - e.g. breaking news, travel, weather reports - from television, the Internet and other media.
Japanese multimedia usage illustrates how the proliferation of MMS phones with cameras will be critical to MMS going mass market. Amongst the Japanese respondents, over 90% of camera phone owners send multimedia messages to other camera phones; only 68% send to email accounts. For those sending MMS, it is important that they feel the recipient is able to open the image and share the moment immediately. With this in mind, Nokia has been at the forefront of bringing MMS and camera phones to the market globally. To date, Nokia has announced altogether five different phones with integrated camera and more than 15 MMS enabled color phone models.
The study highlights that in Japan respondents generally prefer richer types of services than those currently available. The Japanese research also confirmed that multimedia use is not replacing other types of mobile services. In fact, the Japanese respondents have increased their use of traditional mobile services since getting their current multimedia phone, and they expect to receive text or multimedia messages in response to multimedia messages they send. This suggests that MMS will build on and extend the successful SMS model that is helping to generate revenues for operators. The Japanese experience suggests that once MMS is adopted by users on a mass scale, it will create demand for much richer content services, paving the way for evolving 3G-based offerings.
The research supports Nokia's conviction that MMS will rapidly evolve into a true mass-market technology for both personal and professional use.
"Consumers really want MMS and, as operators are already discovering, people are as intrigued by and eager to use MMS as SMS. What's really interesting is how MMS looks set to broaden mobile communications use as a whole and support the creation of new kinds of picture content services," explains Pekka Pohjakallio, Director, Mobile Internet Solutions, Nokia Networks.
"The depth of demand for MMS services is extremely good news for the industry and creates a consumer pull for more advanced 3G-based services," he adds.
The research was carried out to gain a greater understanding of the development of the mobile data services market and of end-user attitudes towards MMS.
The study specifically looks at mobile data usage and perceptions including SMS and MMS and trends in content-to-person and person-to-person SMS and MMS services. The research used focus groups as well as a quantitative research element amongst 16 to 45 year old mobile phone users who do not yet have an MMS phone. In Japan, the research included mobile multimedia users of the same age to ascertain how multimedia-enabled phones change mobile communications behaviour. Users in all countries were surveyed about their perception of MMS and its features like photo messaging, video/audio clips and the Mobile Internet in relation to traditional media.
Nokia has among the wireless industry's most extensive track record in MMS with three out of four of the UK mobile operators and over 50 operators worldwide relying on Nokia Networks infrastructure for creating, delivering and developing their MMS services. Nokia is also taking the lead in providing services to help operators facilitate cross network MMS traffic.
Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed broadband and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.
SOURCE: Nokia
CONTACT: Nokia Networks Global Communications Department, + 358 (0) 7180 38198 networks.communications@nokia.com www.nokia.comURL: http://www.businesswire.comToday's News On The Net - Business Wire's full file on the Internetwith Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
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KEYWORD: FINLAND INTERNATIONAL EUROPEINDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKING E-COMMERCE INTERNET COMPUTERS/ELECTRONICS
NTT DoCoMo's pretax profit tops 1 tril. yen on robust sales
TOKYO, May 08, 2003 (Kyodo via COMTEX) -- NTT DoCoMo Inc. said Thursday its group pretax profit for the year ended March 31 topped 1 trillion yen for the first time ever, bolstered by robust revenues from data communications services.
In its consolidated earnings report based on U.S. accounting rules, the wireless arm of Nippon Telegraph and Telephone Corp. (NTT), said pretax profit rose 9.1% from the previous year to a record 1,042.97 billion yen, with sales up 3.2% to 4,809.09 billion yen.
The company also chalked up a net profit of 212.49 billion yen in a sharp reversal from a loss of 116.19 billion yen the previous year, despite a heavy 324.2 billion yen investment loss on its overseas subsidiaries, including AT&T Wireless Services Inc. of the United States, Hutchison 3G UK Holdings Ltd. of Britain and KPN Mobile N.V. of the Netherlands.
Net profit per share stood at 4,253.83 yen for the just-ended year, compared with a per-share loss of 2,315.48 yen the previous year.
The company will pay a year-end dividend of 500 yen per share, with no interim dividend paid. In the previous year, it paid a full-year dividend of 1,500 yen.
For the current business year to March 31, 2004, NTT DoCoMo forecasts a net profit of 618 billion yen and a pretax profit of 1,073 billion yen on sales of 4,899 billion yen.
2003 Kyodo News (c) Established 1945
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KEYWORD: TOKYO
Camera Play Strengthens Handset Sales For Asian Trio
May 07, 2003 (Wireless Data News/PBI Media via COMTEX) -- The top two spots in the mobile phone sales hierarchy probably aren't in sight yet for LG Electronics, Samsung Electronics and Sanyo, but it isn't for not capitalizing on the booming demand for camera-enabled wireless handsets that any of the three Asian companies haven't climbed past No. 3.
These companies' prowess in the camera phone market makes them Wireless Data News' choices for the top three wireless industry players for May.
In the 2002 fourth quarter, the industry sold 9 million camera phones worldwide, or 7 percent of total mobile phone sales in that period; and 18 million camera phones were sold around the world throughout 2002, reports Strategy Analytics. Camera phone sales are expected to reach 75 million units this year, accounting for about 17 percent of the total mobile phone sales.
Samsung Electronics [Korea: 05930.KS; 05935.KS] grew the fastest in 2002, among the top four handset companies worldwide, with growth of 35.1 percent. Within that total, it accounted for 24 percent of CDMA camera phone sales worldwide. On the GPRS side of the interface fence, Samsung this year began offering a camera-phone model to improve its sales in the Middle East.
Neither Samsung's overall growth or camera-phone sales are likely to recede. "Samsung's growing high- and mid-range camera phone portfolio will raise its brand equity among end users," says Neil Mawston, a senior analyst with Strategy Analytics Global Wireless Practice. "Carriers are warming to Samsung's innovative and desirable camera devices--this will help Samsung to improve its distribution channels and to penetrate further key carrier accounts in the US and elsewhere."
In the first quarter this year, Samsung trailed only Nokia [NYSE: NOK] in handset sales, although it remains third in market share at 13 percent. Nokia continued to dominate with 37 percent market share, and Motorola [NYSE: MOT] was second at 16 percent. Overall, the industry's mobile phone sales during the first quarter reached 98 million units, up 10 percent from the January-March period in 2002.
LG Electronics [Korea: 66570.KS, 66575.KS] has Korean rival Samsung right in its crosshairs for part of its handset sales growth strategy. It is including its latest camera phones among the CDMA handsets it began importing this year to India through distribution agreements with mobile operators Reliance Infocomm and Tata Teleservices. LG is spending $5 million to promote its products in the country, where Samsung already has established market share.
LG, which operates in the United States as LG InfoComm U.S.A., also this year began its GSM device sales push by unveiling its IMT-2000 products that work with GSM, GPRS and wideband-CDMA interfaces. The company previously has made its wireless mark with CDMA mobile devices and network technologies.
LG's expansion into the W-CDMA area looks to be particularly beneficial in its home market. Korea's major mobile operators have migrated their networks to CDMA2000 1X and EV-DO technologies to offer services that required high-speed data, but market leader SK Telecom and No. 2 carrier KT Freetel are expected to launch to continue their network migrations to W-CDMA later this year. Meanwhile, LG looks to European carriers still operating GSM and GPRS networks to also distribute its IMT-2000 products.
Sanyo [Nasdaq: SANYY] should get a boost to its camera-phone sales with U.S. carrier Sprint PCS' [NYSE: PCS] introduction in April of a Sanyo model for $99.99 after a $100 rebate. Dropping below the $100 mark is considered a keystone for driving sales of consumer electronics products. For instance, when prices for Wi-Fi cards for mobile computing devices and Wi-Fi radios fell past $100 in 2002, sales for those products accelerated rapidly.
Japan-based Sanyo looks to grow its handset sales in China with the April introduction there of its CDMA2000 1X model, which includes camera capability.
The company also plans to spend about $380 million during the next three years on research and development targeted at improving its camera phones.
>>Neil Mawston, nmawston@strategyanalytics.com; Bong-Joo Paek, Samsung, 201/229-4000; Melissa Elkins, LG, melkins@lge.com; Akihiko Oiwa, Sanyo, tokyo- pr@svnet.sanyo.co<<
[Copyright 2003 PBI Media, LLC. All rights reserved.]
Wireless Data News, Vol. 11, No. 9 [Copyright 2003 PBI Media, LLC. All rights reserved.]
Copyright 2003 PBI Media, LLC. All rights reserved.
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T-Mobile USA Awards Network Upgrade Valued at US$300 Million to Nortel
Networks; Wireless Data Network to Boost Capacity, Reduce Operating Costs,
Support Data Services
BELLEVUE, Wash., May 7, 2003 (BUSINESS WIRE) -- T-Mobile USA, Inc., a wholly-owned subsidiary of T-Mobile International, the mobile arm of Deutsche Telekom AG (NYSE: DT), has selected Nortel Networks (NYSE/TSX: NT) to provide GSM (Global System for Mobile Communications), GPRS (General Packet Radio Service), EDGE (Enhanced Data Rates for GSM Evolution) and packet core Wireless Data Network upgrades and associated professional services under a four-year agreement valued at US$300 million.
The agreement calls for Nortel Networks to deploy core and radio access products from Nortel Networks Univity portfolio across existing T-Mobile USA network footprints, including the New York, Chicago, Dallas, Milwaukee, Denver, Detroit, and Salt Lake City markets. GSM, GPRS and EDGE-ready infrastructure will enhance T-Mobile USA's network capacity and capabilities for providing a quality customer service experience when using the company's portfolio of advanced features and services like visual communications, two-way text messaging, instant messaging, Web browsing and gaming.
"The Wireless Data Network deployments will enable T-Mobile USA to leverage and augment Nortel Networks presence across our national network to provide greater capacity in a very cost-effective manner," said Tim Wong, chief technical officer, T-Mobile USA. "In addition to positioning us to support our growing subscriber base, Nortel Networks is helping deliver personalized service offerings that allow us to deliver on our Get More(R) promise to our customers and ensure they have a consistent, reliable, quality experience."
"We are very pleased to support T-Mobile in meeting the growing needs of their customers, and to increase our market share across their national network," said Vivian Hudson, president and general manager, GSM/GPRS/EDGE, Nortel Networks. "Our Univity solutions deliver carrier-grade reliability with industry-leading capacity and spectral efficiency. This enables T-Mobile not only to reduce capital and operating costs, but also empowers them to deliver on a quality experience for their customers."
Nortel Networks has supported GSM network planning and deployment for T-Mobile since the company's inception as VoiceStream Wireless in 1995. Wireless Data Network infrastructure to be deployed for T-Mobile USA under the new agreement will include Univity GSM Base Transceiver Station S12000 Indoor and Outdoor radio equipment, Univity Base Station Controllers (BSC), and IP core equipment including Univity Mobile Switching Center (MSC). Nortel Networks is also the primary provider of Home Location Register (HLR) infrastructure for T-Mobile USA's national wireless network.
Nortel Networks has deployed 80 GSM/GPRS networks in more than 50 countries and is supplying GSM/GPRS systems to enable Wireless Data Network services for more than 50 operators around the world. Nortel Networks is the industry's only supplier with Wireless Data Networks operating in all three advanced technologies - GPRS, CDMA2000 and UMTS.
About T-Mobile USA, Inc.
Based in Bellevue, Wash., T-Mobile USA, Inc. is a member of the T-Mobile International group, the mobile telecommunications subsidiary of Deutsche Telekom AG (NYSE: DT). T-Mobile operates the largest GSM/GPRS 1900 voice and data network in the country, reaching over 245 million people including roaming and other agreements. In addition, T-Mobile operates the largest carrier owned Wi-Fi (802.11b) wireless broadband (WLAN) network in the country, available in more than 2,300 public access locations including Starbucks coffeehouses, Borders Books and Music, airports and American Airlines Admirals Clubs. T-Mobile is committed to providing the best value in wireless service through its GET MORE(R) promise to provide customers with more minutes, more features and more service than any other wireless provider. For more information, visit the company web site at www.t-mobile.com.
About Nortel Networks
Nortel Networks is an industry leader and innovator focused on transforming how the world communicates and exchanges information. The Company is supplying its service provider and enterprise customers with communications technology and infrastructure to enable value-added IP data, voice and multimedia services spanning Wireless Networks, Wireline Networks, Enterprise Networks, and Optical Networks. As a global company, Nortel Networks does business in more than 150 countries. More information about Nortel Networks can be found on the Web at www.nortelnetworks.com.
This press release contains certain statements that are neither reported financial results nor other historical information. These statements are forward-looking statements within the meaning of the safe-harbor provisions of the U.S. federal securities laws. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors that are beyond Deutsche Telekom's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors detailed in Deutsche Telekom's and T-Mobile USA's reports filed with the Securities and Exchange Commission (the "Commission"). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We do not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release.
Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, among other things: the severity and duration of the industry adjustment; the sufficiency of our restructuring activities, including the potential for higher actual costs to be incurred in connection with restructuring actions compared to the estimated costs of such actions; fluctuations in operating results and general industry, economic and market conditions and growth rates; the ability to recruit and retain qualified employees; fluctuations in cash flow, the level of outstanding debt and debt ratings; the ability to meet financial covenants contained in our credit agreements; the ability to make acquisitions and/or integrate the operations and technologies of acquired businesses in an effective manner; the impact of rapid technological and market change; the impact of price and product competition; international growth and global economic conditions, particularly in emerging markets and including interest rate and currency exchange rate fluctuations; the impact of rationalization in the telecommunications industry; the dependence on new product development; the uncertainties of the Internet; the impact of the credit risks of our customers and the impact of customer financing and commitments; stock market volatility; the entrance into an increased number of supply and outsourcing contracts which contain delivery and installation provisions, which, if not met, could result in the payment of substantial penalties or liquidated damages; the ability to obtain timely, adequate and reasonably priced component parts from suppliers and internal manufacturing capacity; the future success of our strategic alliances; and the adverse resolution of litigation. For additional information with respect to certain of these and other factors, see the reports filed by Nortel Networks with the United States Securities and Exchange Commission. Unless otherwise required by applicable securities laws, Nortel Networks disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Nortel Networks, the Nortel Networks logo, the Globemark and Univity are trademarks of Nortel Networks.
SOURCE: Nortel Networks
CONTACT: Nortel Networks Jay Barta, 972/685-2381 jbarta@nortelnetworks.com www.nortelnetworks.com or T-Mobile USA Kim Thompson, 425/378-4074 Kim.Thompson@t-mobile.comURL: http://www.businesswire.comToday's News On The Net - Business Wire's full file on the Internetwith Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
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KEYWORD: WASHINGTON TEXASINDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKING COMPUTERS/ELECTRONICS MARKETING AGREEMENTS
San Diego-Based Qualcomm Faces Major Rival for Its CDMA Chips
May 07, 2003 (The San Diego Union-Tribune - Knight Ridder/Tribune Business News via COMTEX) -- Qualcomm is becoming a victim of its own success.
The San Diego telecommunications giant got a major new competitor yesterday in the manufacture of chips for its patented CDMA technology, short for code division multiple access.
Texas Instruments, the world's largest marker of cell-phone chips, said that it will enter the market for CDMA chips by the end of the year. Until now, TI primarily made chips for the dominant wireless standard called GSM, short for global system for mobile communication.
But CDMA has begun to gain ground, increasing its share of the worldwide market.
Qualcomm's next-generation technology, CDMA2000, which allows cell-phone users to send e-mail, take and transmit digital pictures and play games, has also grown so dramatically in the last year that it became a market that TI could no longer ignore.
"This shouldn't come as a surprise, especially with the success of CDMA2000," said Michael King, a wireless analyst with Gartner Group, a market research firm.
Rick Kornfeld, vice president and general manager of TI's wireless chipset business, agreed that CDMA now represents a significant portion of the cell-phone business.
"CDMA is certainly not the dominant standard, but 20 percent of some 400 million cell phones is obviously a very interesting market to us," he said.
It is a market that Texas Instruments has long targeted.
In June 2000, the company bought Dot Wireless, a San Diego startup headed by Kornfeld, for $475 million because of its CDMA expertise.
Kornfeld, a former Qualcomm executive, said the San Diego office is taking the lead on the CDMA strategy and technology development and plans to have about 200 employees by the end of the year.
Kornfeld said that CDMA cell-phone makers are looking for another option.
"The handset manufacturers would like to see competition in this marketplace," he said. "It is a natural thing for them to want."
Asked about TI's announcement yesterday, Qualcomm said that it typically does not comment on other companies' business plans.
Texas Instruments is not the only competition facing Qualcomm.
Nokia, the world's largest cell-phone maker, said recently that it will expand its CDMA phone line, but it vowed to continue to use its own wireless chips.
Samsung, one of Qualcomm's biggest chip customers, has said it will begin to use its brand of CDMA chips in about 1 million phones.
The increased competition in the CDMA chip business of which Qualcomm has some 90 percent of the market is both good and bad news for the San Diego wireless technology company.
Qualcomm makes its money not only from the sale of cell-phone chips but from collecting royalties whenever its patented technology is used.
The more companies that make the CDMA chips, the more royalties Qualcomm collects. But the assault on Qualcomm's chip business could hurt the company's bottom line.
"We don't know how TI's going to perform here," said Brian Modoff, wireless equipment analyst for Deutsche Bank Securities, but he added that "another competitor, particularly one of TI's scale, is not a positive for Qualcomm."
Gartner's King said increased competition in the CDMA chip market could potentially hurt Qualcomm, so the company needs to continue to expand its product line. Qualcomm is already working on next-generation wireless chips that use a variety of standards.
"The bottom line: It's not a good thing for Qualcomm, but I think it is certainly something they had to be preparing for," King said. "It does motivate Qualcomm to become more than a one-trick pony."
By Jennifer Davies
To see more of The San Diego Union-Tribune, or to subscribe to the newspaper, go to http://www.uniontrib.com
(c) 2003, The San Diego Union-Tribune. Distributed by Knight Ridder/TribuneBusiness News.
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52W HIGH: New 52-Wk High for IDCC @ $24.400 up1.92% [delayed]
Ridgeland, MS, MAY 07, 2003 (EventX/Knobias.com via COMTEX) -- This is the 1st 52 WEEK HIGH alert for IDCC in the past 7 calendar days.
The share price for Interdigital Communications Corp (NASDAQ NM: IDCC) reached a new 52-week high today, trading at $24.400, up $0.460 (1.92%) from its previous close of $23.940.
The Company's previous 52-week high of $24.140 was set 42 days ago on March 26, 2003.
One year ago, the Company's shares closed at $10.010. The price has climbed more than 143 percent since then.
At the time of this alert, the stock had traded 185,000 shares via 751 trades, 70.85% below it's 20day average of 634,710 shares.
This new 52-week high currently puts the stock:
15.32% above its 20day Moving Average of $21.158
28.66% above its 50day Moving Average of $18.965
46.46% above its 100day Moving Average of $16.660
The Company last released news on April 21, 2003:
"InterDigital Announces Date for First Quarter 2003 Financial Results Release and Conference Call"
INTERDIGITAL COMMUNICATIONS CORP
InterDigital Communications Corporation specializes in the architecture, design and delivery of wireless technology and product platforms. The Company develops advanced wireless technologies and products that facilitate voice and data communications. In conjunction with its technology development, the Company has assembled an extensive body of technical know-how, related product embodiments and a broad patent portfolio of Time Division Multiple Access (TDMA) and Code Division Multiple Access (CDMA) patents, which its licenses worldwide. The Company markets technologies and solutions primarily to wireless communications equipment producers and related suppliers. These solutions are embedded into products targeted for the following wireless telecommunications applications: mobile phones, personal digital assistants, mobile computing devices, other terminal-end wireless devices, base stations, and other infrastructure equipment.
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been delayed by 20 minutes. To get all Knobias alerts in real-time daily, visit http://www.knobias.com/cmtx
ABOUT KNOBIAS: Knobias is a financial information provider serving retail investors and trading professionals. Knobias provides customers with COMPLETE DESKTOP SOLUTIONS, including Real-time desktop applications, Real-time news & alerts via RAiDAR and a complete fundamental database covering over 13,000 stocks.
CONTACT: Knobias.com, LLC 601-978-3399 601-978-3675 info@knobias.com www.knobias.com/cmtx
Copyright 2002 Knobias.com, LLC, All rights reserved.
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SUBJECT CODE: 52-Week High
InterDigital Executives to Speak at Fifth Annual U.S. Bancorp Piper
Jaffray Technology Conference in New York
KING OF PRUSSIA, Pa., May 7, 2003 (BUSINESS WIRE) -- InterDigital Communications Corporation (Nasdaq:IDCC), a leading architect, designer and provider of wireless technology and product platforms, today announced that the Company will present at the Fifth Annual U.S. Bancorp Piper Jaffray Technology Conference in New York City on May 14, 2003 at noon EDT.
The conference, which takes place on May 13 and 14, will feature more than 130 high-profile technology and communications companies addressing issues of importance to the investment community.
Interested investors can access a live audio web cast of the Company's 30-minute presentation at www.interdigital.com. To listen to the presentation, click on the microphone icon next to "Live Web Cast" on the Home Page and you will link to the web cast. A replay of the presentation will be available for 30 days following the conference.
About InterDigital
InterDigital architects, designs and provides advanced wireless technologies and products that drive voice and data communications. The Company offers technology and product solutions for mainstream wireless applications that deliver cost and time-to-market advantages for its customers.
InterDigital has a strong portfolio of patented technologies covering 2G, 2.5G and 3G standards, which it licenses worldwide. For more information, please visit InterDigital's web site: www.interdigital.com. InterDigital is a registered trademark of InterDigital Communications Corporation.
SOURCE: InterDigital Communications Corporation
CONTACT: InterDigital Communications Corporation Media: Dawn Goldstein, 610/878-7800 dawn.goldstein@interdigital.com or Investor: Janet Point, 610/878-7800 janet.point@interdigital.comURL: http://www.businesswire.comToday's News On The Net - Business Wire's full file on the Internetwith Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
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KEYWORD: PENNSYLVANIA NEW YORKINDUSTRY KEYWORD: TELECOMMUNICATIONS E-COMMERCE INTERNET COMPUTERS/ELECTRONICS BANKING TRADESHOW
wireless_wazoo,
http://www.interdigital.com/investing_calendar.jsp
revlis, Poof they went....holy cow !
Lets see if we take off.
I see 20,200 now.wea ate some...yummy
lochnroll, Looks like pac man.eom
revlis, We're eating them up.eom