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Wednesday, April 08, 2015 4:31:13 PM
INTERDIGITAL COMMUNICATIONS - PRES & CEO INTERVIEW
CEOWire
November 10, 2006
Erin Burnett
ERIN BURNETT, CNBC ANCHOR: Now fresh offering at the opening bell at the Nasdaq, we are joined by the CEO of InterDigital Communications. It is a digital telecom company you probably haven`t heard of, but their software is in some of your favorite portable devices from NEC (NIPNY), Sharp, and Sony-Ericsson. And the stock has been big winner this year, up more than 75 percent. CEO Bill Merritt joins us now.
Mr. Merritt, a pleasure to have you with us.
WILLIAM MERRITT, PRES. & CEO, INTERDIGITAL COMMUNICATIONS: It is great to be here.
BURNETT: What is the number one driver of sales for you this year?
MERRITT: Well, I think the thing that is really driving this stock for us this year is obviously good cash performance, cash flow performance, and I think also the fact that people see this not only as a sort of one-time event for the company, this is the type of year they expect us to have come -- going forward.
BURNETT: So what you are saying is you expect all the spending the telecom companies and wireless companies are doing right now to continue at the same pace?
MERRITT: Well, Certainly the -- you know, the mobile telephone device market is doing very well. They are going to go over a billion phones this year. And we are positioned to capture a piece of every phone that is sold over time. So I think it is a great market for us and we are in a great position.
BURNETT: Every phone that is sold?
MERRITT: Because of our patent position, we have the ability to secure revenue on every phone sold today. We get about -- revenue on about 40 percent of the phones that are sold, and we are building that every year. So again, it is a great consumer market and we are in a great spot.
BURNETT: Some of the phone-makers have been out lately though saying that phone sales are not growing as quickly as they thought it might be. Are you seeing that slow down?
MERRITT: Actually I think that the -- you know, the projections this year are to get over a billion for the first time, so I think the market is doing very well. And the mix of phones is good. I think the 3G market, which is important for us, is picking up very well in addition to the overall phone market. So things look pretty good.
BURNETT: But -- so no slowdown in growth rate of cell phone sales?
MERRITT: I don`t see any slowdown this year, and certainly the growth of 3G looks very good, and that is important for us.
BURNETT: All right. Mr. Merritt, thanks so much for joining us.
MERRITT: I appreciate it. Thank you.
BURNETT: Bill Merritt is the CEO of InterDigital Communications.
Recent IDCC News
- InterDigital Announces Convertibility of 3.50% Senior Convertible Notes Due 2027 • GlobeNewswire Inc. • 07/03/2024 08:00:00 AM
- InterDigital signs license agreement with Google • GlobeNewswire Inc. • 07/02/2024 08:00:00 AM
- Form 11-K - Annual report of employee stock purchase, savings and similar plans • Edgar (US Regulatory) • 06/20/2024 12:30:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 08:10:56 PM
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- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/06/2024 08:06:54 PM
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