InterDigital Inc (IDCC): InterDigital Communications Corp....

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Maddog1492

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Wednesday, 09/06/2006 9:04:01 AM

Wednesday, September 06, 2006 9:04:01 AM

InterDigital Communications Corp.

InterDigital Communications Is Heading Higher On Arbitratino Award
- Sep 6, 2006 08:59 AM (RTTNews)
- http://www.quote.com/home/news/story.asp?story=60971639

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(RTTNews) - InterDigital Communications (IDCC) announced Wednesday morning that the Tribunal in the arbitration proceeding between it and Samsung Electronics issued its Final Award. The Tribunal awarded InterDigital approximately $134 million in past royalties plus interest. The Tribunal also established the royalty rates to be applied to Samsung's sales of covered products in 2006. InterDigital is now trading higher by 2.21 on 4K shares.

InterDigital Communications made gradual gains for the majority of Tuesday's session and closed higher by 1.07 at $34.25. The stock closed challenging resistance at the highs of the year, trading at a 2-month high.