InterDigital Inc (IDCC)

[blueskywaves]

Interdigital (IDCC) 
 Selected Financial Data 
 1995 to 2002 
 . 
 . 
       Net Proceeds                 Major 
      from issuance                 Cash      Cash/ 
     of common stock + Royalties = Inflows  Mkt. Sec.    R&D 
 . 
 1995*   $ 13M          $ 68M      $ 81M     $ 65M     $ 10M 
 1996**    10M            29M        39M       55M       22M 
 1997**   0.4M             6M         6M       26M       24M 
 1998     0.8M            92M        93M       52M       17M 
 1999***   12M            66M        78M       83M       21M 
 2000      12M            51M        63M       89M       26M 
 2001       3M            53M        56M       90M       44M 
 2002      12M            88M       100M       88M       47M 
 2003****   -              -          -         -         - 
 . 
  
 Total   $ 63M          $453M      $516M               $168M 
 . 
 *Motorola debacle 
 **BCDMA Alliance - Siemens (1994), Samsung (1996), 
 Alcatel (1997) 
 ***Nokia deal 
 ****Ericsson deal 
 . 
 Source: 10Ks (SEC) 
 . 
 . 
 . 
 Qualcomm (QCOM) 
 Selected Financial Data 
 1995 to 2002 
 . 
       Net Proceeds                 Major 
      from issuance                 Cash      Cash/ 
     of common stock + Royalties = Inflows  Mkt. Sec.    R&D 
 . 
 . 
 1995      $499M     +  $  45M     $ 544M    $ 579M    $  80M 
 1996        24M          100M       124M      154M      162M 
 1997        33M          152M       185M      809M*     236M 
 1998        50M          218M       268M      303M      349M  
 1999       1.3B          454M       1.8B      1.7B      381M 
 2000       144M          705M       849M      2.5B      340M 
 2001       132M          777M       909M      2.6B      415M 
 2002       120M          851M       971M      3.2B      452M 
 . 
 Total     $2.3B        $ 3.3B     $ 5.6B              $ 2.4B 
 . 
 *Includes $606M in net proceeds from the issuance 
 of trust convertible preferred securities of 
 subsidiary trust 
 . 
 Note:  Royalties have 80%- 90% gross margins depending 
 on the costs of patent enforcement.  For the purposes of 
 this analysis, the simplifying assumption is that 
 royalties are as good as cash 
 . 
 Source: 10Ks (SEC)