InterDigital Inc (IDCC)

[GrnAcrs]

Rmarchma and Blueskywaves or anybody, the estimated minimum of $46m (or 40 to 50) of recurring royalty revenue per quarter does not include a royalty on each 2G and 2.5G licensed product sold by Sony Ericsson, does it?

If not, I wonder how much that could possibly add to recurring royalty revenue for the years 2003 through 2006? Am I missing something?

Per the press release: For sales through December 2002, Ericsson and Sony Ericsson will pay ITC approximately US $34 million. For the years 2003 through 2006, Ericsson will pay ITC an annual fee of US $6 million for sales of infrastructure equipment. Sony Ericsson will, for the years 2003 through 2006, pay a royalty on each licensed product sold.