InterDigital Inc (IDCC)

[jai]

Sounds like guidance to me.

I'm very happy IDCC decided to play the guidance game. They put a range of numbers out there that they are confident that they will hit. Also instead of the Patrick Ewing like end of year license declarations they give themselves a big cusion of 7 months instead of Merrits 7 weeks. These guys are improving in both performance and communication.

HATS OFF TO IDCC.

2004 Outlook


Rich Fagan, Chief Financial Officer commented, "Assuming our key licensees continue to perform well, we expect recurring royalties from our existing licensees to be in the range of $27 million to $30 million per quarter over the remainder of 2004. We also expect to conclude additional patent license agreements during 2004 which should be accretive. Excluding repositioning charges and any higher-than planned patent enforcement costs, we expect that second quarter 2004 operating expenses will increase 4%-6% over first quarter 2004 levels as expenses from a recently implemented long-term incentive program are offset in part by cost savings from repositioning activities. We currently expect that our operating expenses for the third and fourth quarters of 2004 will not exceed the levels anticipated for second quarter 2004. We also continue to expect to be cash flow positive for the full year 2004."