InterDigital Inc (IDCC)

[nieves]

MOVER(+): ERICY Higher after Settlement, Mgmt Shuffle [delayed]



Ridgeland, MS, MAR 17, 2003 (EventX/Knobias.com via COMTEX) -- Shares of LM Ericsson Telephone Co (NasdaqNM: ERICY) are trading higher at this time in the session, up about $0.89 or 14% on volume that has passed its 20-day average of 3,818,510.

Ericsson and InterDigital Communications Corp. (Nasdaq: IDCC), along with its subsidiary InterDigital Technology Corp., today announced a settlement ending the companies' long-standing patent infringement litigation. Under the settlement agreement, the companies entered into a non-exclusive, worldwide, royalty-bearing license agreement covering all of ITC's patents for GSM, TDMA (D-AMPS), GPRS, EDGE and PDC. Additionally, all claims asserted in the patent infringement litigation are dismissed. In exchange, Ericsson will make an annual payment of a limited fixed amount through 2006 for sales of covered infrastructure equipment.

Ericsson also announced that Per-Arne Sandstrom was appointed First Executive Vice President and Deputy CEO and Karl-Henrik Sundstrom was appointed CFO and Executive Vice President. Per-Arne Sandstrom and Karl-Henrik Sundstrom will together with Ericsson's (NASDAQ:ERICY) new President and CEO Carl-Henric Svanberg form the new Executive Management Team for the Ericsson Group, effective April 8, 2003.

KNOBIAS TECHNICAL ANALYSIS:

- Consolidated support price: $5.20

- 5-day resistance price: $6.59

- 20-day resistance price: $7.75

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SUBJECT CODE: MOVER(+