InterDigital Inc (IDCC)

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InterDigital Announces Strategic Alternatives Process is Ongoing
Date : 09/26/2011 @ 7:55PM


InterDigital Announces Strategic Alternatives Process is Ongoing
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Interdigital, Inc. (MM) (NASDAQ:IDCC)
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Today : Monday 26 September 2011
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InterDigital, Inc. (NASDAQ: IDCC) today announced that its Board of Directors continues to thoroughly explore and evaluate a broad range of potential strategic alternatives for the company, which may include a sale, to a single buyer or consortium of buyers, of the company or select assets of the company.

In making the announcement, InterDigital stated that there can be no assurance that this strategic review process will result in a transaction. The company does not intend to comment further regarding the review process unless a specific transaction is approved by the Board of Directors, the review process is concluded, or it is otherwise deemed that further disclosure is appropriate or required by law.

About InterDigital®

InterDigital develops fundamental wireless technologies that are at the core of mobile devices, networks, and services worldwide. We solve many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the company's current beliefs, plans, and expectations as to its exploration and evaluation of potential strategic alternatives. Words such as "intends," "expects," "may," 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 the risks and uncertainties of a strategic alternative review process, including whether any strategic alternative will be identified or, if identified, whether it will be pursued or consummated. There can be no assurance that the exploration of potential strategic alternatives will result in a sale of the company or in any other transaction. The company undertakes no obligation to revise or update publicly any forward-looking statement for any reason, except as otherwise required by law.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit the InterDigital website: www.interdigital.com