InterDigital Inc (IDCC)

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The company said in the last conference call that recurring revenue would be hit about 20% due to the new accounting rules. Assuming $85M average that would be reduced $17M per quarter. That makes $68M but expenses stay the same, hence the reduction in earnings. They also in the Q and A said they would report under the new and old accounting for a few quarters until the analysts got a feeling for it.