Form 8-K
InterDigital, Inc. - N/A
Filed: May 21, 2008 (period: May 21, 2008)
Report of unscheduled material events or corporate changes.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (Date of earliest event reported): May 21, 2008
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InterDigital, Inc.
(Exact name of registrant as specified in its charter)
Pennsylvania
1-11152
23-1882087
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No)
781 Third Avenue, King of Prussia, Pennsylvania
19406-1409
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code: 610-878-7800
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02. Results of Operations and Financial Condition.
(a) On May 21, 2008, InterDigital, Inc. issued a press release announcing its financial guidance for the quarter ending June 30, 2008. A copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(c)
Exhibits
99.1 Press release dated May 21, 2008.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
INTERDIGITAL, INC.
By:
/s/ Steven W. Sprecher
Steven W. Sprecher
General Counsel and Government Affairs Officer
Dated:
May 21, 2008
EXHIBIT INDEX
Exhibit No.
Description
99.1
Press release dated May 21, 2008
Exhibit 99.1
InterDigital® Announces Financial Guidance for Second Quarter 2008
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--InterDigital, Inc. (NASDAQ:IDCC) today announced financial guidance for second quarter 2008. The company expects second quarter 2008 revenue to be in the range of approximately $58.5 million to $59.5 million. This range does not include any potential impact from additional new agreements that may be signed during second quarter 2008 or additional royalties identified in audits regularly conducted by the company.
Expected revenues for second quarter 2008 include the following approximate amounts;
$56.2 million to $56.7 million of recurring patent licensing revenue;
$0.3 million of patent license revenue related to sales from prior periods; and,
$2.0 million to $2.5 million of technology solutions revenue.
“We are pleased with the solid level of recurring patent license royalty revenue including the contributions from licensees signed earlier this quarter,” said Scott McQuilkin, InterDigital's Chief Financial Officer.
About InterDigital
InterDigital designs, develops and provides advanced wireless technologies and products that drive voice and data communications. InterDigital is a leading contributor to the global wireless standards and holds a strong portfolio of patented technologies which it licenses to manufacturers of 2G, 2.5G, 3G, and 802 products worldwide. Additionally, the company offers a family of SlimChip™ high performance mobile broadband modem solutions, consisting of Baseband ICs, Modem IP and Reference Platforms. InterDigital's differentiated technology and product solutions deliver time-to-market, performance and cost benefits.
For more information, visit: www.interdigital.com
This press release contains forward-looking statements regarding current beliefs, plans, and expectations as to the company’s second quarter 2008 recurring and non-recurring revenue. Words such as "expects," “range” or similar expressions are intended to identify such forward-looking statements.
Forward-looking statements are subject to risks and uncertainties. Actual outcomes could differ materially from those expressed in or anticipated by such forward-looking statements due to a variety of factors including, but not limited to: (i) the unanticipated acceleration in the execution of additional patent license or technology solution agreements, or amendments to existing patent license or technology solution agreements, on acceptable terms during second quarter 2008; (ii) the accuracy of market sales projections of our licensees, and timely receipt and final reviews of quarterly royalty reports from our licensees and related matters; and (iii) amounts of royalties payable following routine audits, if any, and the timely receipt of such amounts during second quarter 2008.
InterDigital is a registered trademark and SlimChip is a trademark of InterDigital, Inc.
CONTACT:
InterDigital, Inc.
Media Contact:
Jack Indekeu, +1 610-878-7800
Email: jack.indekeu@interdigital.com
or
Investor Contact:
Janet Point, +1 610-878-7800
Email: janet.point@interdigital.com
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Created by 10KWizard www.10KWizard.comSource: InterDigital, Inc., 8-K, May 21, 2008
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