InterDigital Inc (IDCC)

[FISH21049]

MJP: Ouch is right! could be because of the following coment:

The company said it's "prudent" to revise its full-year sales target to $190 million-$200 million vs. Wall Street expectations for $217.7 million.

"We are confident that the underlying growth fundamentals of our long-term outlook remain robust, but near-term, we expect our revenue growth will be delayed by about six months," said CFO Sidney Rosenblatt.

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BUT, I give them credit for being conservative in their projections and showing a short-term reduction, while still remaining positive for the long term.