InterDigital Inc (IDCC)

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Dow Jones Version
InterDigital Announces Revised 4Q Fincl Results
Friday, March 14, 2003 06:06 PM ET Printer-friendly version

KING OF PRUSSIA, Pa. (Dow Jones)--InterDigital Communications Corp. (IDCC, news) raised its fourth-quarter and year results based on higher-than-expected royalties received after it released preliminary figures.




In a press release Friday, the producer of wireless-communications chips said its fourth-quarter earnings are now $5.7 million, or 10 cents a share, on revenue of $27.1 million.

On Feb. 11, the company posted earnings of about $4 million, or 7 cents a share, on revenue of about $25.2 million for the fourth quarter.

InterDigital boosted its year results to $2.4 million, or 4 cents a share, on revenue of $87.9 million.

The company had posted earnings of about $656,000, or 1 cent share, on revenue of about $86 million for 2002.

In 2001, the company had a fourth-quarter loss of $9.7 million, or 18 cents a share, on revenue of about $8.4 million. The loss for the year was $19.4 million, or 36 cents a share, on revenue of about $52.6 million.

The company had posted earnings of about $656,000, or 1 cent share, on revenue of about $86 million for 2002.

A company representative wasn't immediately available to say when the company expects to file its form 10-K with the Securities and Exchange Commission.

Company Web site: http://www.interdigital.com


-Jacquie Jordan; Dow Jones Newswires; 201-938-5400


Dow Jones Newswires
03-14-03 1806ET


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Latest IDCC Headlines

• InterDigital Announces Revised Fourth Quarter and Full Year 2002 Financial Results; Revenue and Earnings Revised Upward Due to Updated Royalty Information Business Wire, 04:58 PM EST


• InterDigital Showcases Standards Compliant WCDMA Product Solutions at 3GSM World Congress Business Wire, February 17, 2003


• InterDigital Study Outlines 50% Cost Savings for Wireless Operators Deploying WTDD as Part of a Complete WCDMA Solution Business Wire, February 17, 2003


• InterDigital to Demonstrate Complete Standards Compliant WCDMA Mobile Terminal Solution and End-to-End Wideband TDD System At 3GSM World Congress Business Wire, February 12, 2003


• InterDigital gets lift from Q4 results Hosted by CBS MarketWatch, February 11, 2003



More IDCC News

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Symbol Last Change


IDCC 13.76 -0.22





Index
DJIA 7,859.70 +38.00


Nasdaq 1,340.33 -0.44




Friday, March 14, 2003 05:16 PM EST. Quote delayed: 15 minutes Nasdaq, 20 minutes others.




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