InterDigital Inc (IDCC)

[blueskywaves]

INTERDIGITAL (IDCC) 
 R&D -> Patents -> Royalties -> Cash 
 1995 to 2006 
 . 
 . 
                  US    %    Cumulative Cumulative   %      Cash/ 
 YEAR     O/S   Patents Chg. Royalties  Royalties/  Chg.    Mkt. 
                                         Share              Sec.  
 . 
 1995    46.5M    65     -   $ 100M     $ 2.15      -    $  64M 
 1996    46.5M    78    20%    129M       2.77     29%      55M 
 1997    48.2M    96    23%    135M       2.80      1%      26M 
 1998    48.8M   123    28%    227M       4.65     66%      52M 
 1999    50.5M   137    11%    293M       5.80     25%      83M 
 2000    57.3M   161    18%    344M       6.00      1%      89M 
 2001    53.4M   200    24%    397M       7.43     24%      90M 
 . 
 2002    56.1M   240    20%    485M       8.65     16%      88M 
 2003E  ~58.7M    -      -    ~832M      14.17     64%    ~351M 
 . 
 2004E  ~59.9M    -      -   ~1.05B      17.53     24%    ~480M 
 2005E  ~61.1M    -      -   ~1.30B      21.28     21%    ~594M 
 2006E  ~61.7M    -      -   ~1.57B      25.45     20%    ~725M 
 . 
 Notes:   
 . 
 1) The 2003 to 2006 O/S and Cash numbers are taken from  
 Frank Marsala's latest update. 
 . 
 2) 2003 numbers include 2002 accrued royalties from Nokia  
 and Samsung, and paid up royalties up to 2003 from Ericsson. 
 .