InterDigital Inc (IDCC): RIM should add 1.35M to our bottom line....

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Hydro_gen

Re: teecee post# 74223

Tuesday, 06/29/2004 8:07:55 PM

Tuesday, June 29, 2004 8:07:55 PM

RIM should add 1.35M to our bottom line. Their product mix has shifted from two products, the 950 & 957, operating on the Mobitex network (NOT a flex/reflex pager system) that created the company, to seven wireless devices for GSM and CDMA carriers globally (and yes, even one for MOT and ther iDEN network for NExtel).
http://www.rim.com/products/handhelds/index.shtml

From todays news..."Analysts had expected an adjusted profit of 32 cents a share, on revenues of $263.23 million, according to Reuters Estimates. Revenues in the quarter rose to $269.6 million from $104.5 million in the same quarter of last year. The total number of BlackBerry subscribers increased by about 270,000 from the prior quarter to about 1,340,000."

270,000 NEW subscribers @ $500 for each device creates 135M in revenue (HALF of the quarter and growing). IF we have a 1% royalty then we will pick up 1.35M.

Incremental increases are good.

Hydro_gen