InterDigital Inc (IDCC)

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(COMTEX) B: Sony and Ericsson Announce Eur 300 million Capital Injection to Sony
Ericsson Mobile Communications and Report the Joint Venture's Fourth Quarter
Results

Jan 29, 2003 (Hugin via COMTEX) -- Tokyo and Stockholm, January 29 -- Sony and
Ericsson today announced that the two companies have decided to make an
additional capital injection to their 50:50 jointly owned Sony Ericsson Mobile
Communications, AB ("SEMC").

In order to strengthen SEMC's capital structure and support business expansion,
Sony and Ericsson have decided that during the quarter ending March 31, 2003,
each company will contribute Eur 150 million to SEMC. This capital injection
represents the continuing commitment of Sony and Ericsson to the joint venture.
SEMC estimates that approximately 115 million units were sold (sell-through) in
the total market during the fourth quarter and approximately 395 million during
the full year of 2002, compared with approximately 390 million in 2001. SEMC
forecasts that total market sales will be approximately 435 million units during
2003, representing year-on-year growth of about 10%. Sony and Ericsson today
also announced SEMC's fourth quarter results ended December 31, 2002. Units
shipped in the quarter reached 7.1 million, which is 4% higher year-on-year and
42% higher compared to the third quarter. Net sales for the quarter were Eur
1,235 million, representing year-on-year and sequential increases of 18% and
42%, respectively. Income before taxes in the quarter was Eur -77 million and
net income was Eur -69 million, which represent year-on-year improvements of Eur
75 million and Eur 70 million, respectively. Note: As a 50:50 joint venture, 50%
of SEMC's results are reported by Sony and Ericsson as a joint venture accounted
for under the equity method.

Contacts: Investors/Analysts Ericsson Investor Relations: Gary Pinkham, Vice
President Phone: [phone] Sony Investor Relations: Takeshi Sudo, General
Manager (Tokyo) Phone: [phone]; or Chris Hohman, Senior Manager
(London) Phone: [phone] Press/Media Ericsson External Relations: Pia
Gideon, Vice President Phone: [phone] Sony Corporate Communications:
Kei Sakaguchi, General Manager Phone: [phone] Sony Corporation 6-7-35,
Kitashinagawa Shinagawa-ku, Tokyo, 141-0001 Japan Telefonaktiebolaget LM
Ericsson SE-126 25 Stockholm Sweden

Copyright (c) 2003, HUGIN AS. All rights reserved.

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