InterDigital Inc (IDCC)

[Jim Mullens]

DR, Re: LG settlement and “Under the terms of the patent license agreement,
LG is obligated to pay InterDigital three equal installments of $95 million, in
the first quarters of 2006, 2007, and 2008, respectively”

I’m a recent shareholder, but don’t follow IDCC as closely as another wireless company.

Am I reading this correctly, the $95 million from LG for 2006 represents 91% of IDCC total revenue for FY04?

Per Yahoo

 
 	 
  
 ANNUAL INCOME STATEMENT ($ Mill) 
           FY04    FY03   FY02   FY01   FY00 
 Revenue	 103.7   114.6   87.9   52.6   56.9