InterDigital Elects Mark Gercenstein Chief Executive Officer
Business Editors/Hi-Tech Writers
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--April 17, 2000
InterDigital Communications Corporation (ASE: IDC) announced today that Mark Gercenstein has been elected Chief Executive Officer and appointed a member of the Company's Board of Directors.
Mr. Gercenstein brings twenty-four years of management experience in marketing, engineering, strategic planning and operations in the telecommunications and aerospace industries to InterDigital.
During his career with Motorola, Iridium, Spar Aerospace, and Bendix Aerospace, he has built businesses, raising billions of dollars of strategic equity participation, run international operations, led global business development and marketing programs and managed thousands of people around the world.
"Mark Gercenstein is a talented, creative executive with deep experience in telecommunications. He has a strong background in marketing and operations management, a solid knowledge of the wireless industry and a track record of building businesses and leading global teams with great effectiveness. We are very pleased to select him as InterDigital's Chief Executive Officer and we are confident he will lead the Company into a new phase of growth as the next generation of wireless technology and products emerges. Mark's strong leadership skills and his focus on executing business plans and building value will complement and further strengthen InterDigital's management team and help to sharpen our strategic focus," said Harry Campagna, Chairman.
"I joined InterDigital because I am excited about the opportunity we have to grow and prosper in the expanding wireless market. We have great technology, an impressive team of people, and we are positioned in the heart of the market. My goal is to build the value of InterDigital significantly in the coming years as the advanced wireless market emerges," stated Mr. Gercenstein.
Mr. Gercenstein comes to InterDigital from Motorola, where he was responsible for the development and implementation of the business model for the newly created Fixed Wireless Systems Group.
He focused on product and marketing planning and licensing strategy for the worldwide wireless broadband access technology market, developing and implementing the market entry and distribution strategy.
He established the business plan and market model for Spectrapoint Wireless, a joint venture between Motorola and Cisco Systems and linked the fixed wireless broadband offering with Motorola's mobile products.
As Senior Vice President of Business Operations for Iridium LLC for six years during the 1990s, he directed the build-up of the business operational capability of the Iridium network, including the 12 gateway ground stations supported by operations facilities around the world. He also led the development and implementation of the international call centers that served the system.
In the early 1990s, he helped develop the business plan and implementation strategy for Iridium, building strategic equity partnerships from across the telecommunications industry and leading the effort to secure regulatory approval and the allocation of radio spectrum in Asia and Eastern Europe.
As Director of International Programs at Motorola during the 1980s, Mr. Gercenstein focused on the aerospace and military markets. He led an international team that developed and marketed new defense products, securing multi-million dollar contracts in Europe and Asia.
He also served as Director of Marketing and Advanced Systems at Spar Aerospace, Ltd., Canada's only aerospace prime contractor, securing $150 million in contracts on the U.S. Space Station program. He began his career in 1975 at Bendix Aerospace, where he served in engineering and marketing assignments.
Mr. Gercenstein holds both a masters degree in industrial management and a bachelors degree in industrial and mechanical engineering from Clarkson University.
InterDigital is creating innovative solutions for mainstream wireless applications which deliver cost and time-to-market advantages for its customers. By leveraging its technology and intellectual property into third generation standards and products, it is maximizing its long-term revenue and earnings opportunities.
InterDigital has a strong portfolio of patented TDMA and CDMA inventions which it licenses worldwide. InterDigital(R) is a trademark of the Company.
More information, including recorded comments from InterDigital's new CEO Mark Gercenstein, is available on InterDigital's website: www.interdigital.com
InterDigital Elects Howard Goldberg Chief Executive Officer to Replace Mark Gercenstein
Business Editors/Hi-Tech Writers
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--November 20, 2000
InterDigital Communications Corporation (NASDAQ:IDCC) announced today that its Board of Directors has elected Howard E. Goldberg Chief Executive Officer and a member of InterDigital's Board.
Mr. Goldberg will replace Mark Gercenstein who joined InterDigital as CEO in April 2000. Mr. Gercenstein will no longer serve in any capacity at InterDigital.
During his tenure, Mr. Gercenstein concentrated on refining InterDigital's business plan and on establishing the foundation for new strategic relationships to contribute to InterDigital's long-term growth.
"We thank Mark for his contributions this year and we wish him success in his future endeavors," said Harry Campagna, Chairman. "I am pleased that our Board has selected Howard Goldberg as CEO and expect a seamless transition since Howard has been with InterDigital for seven years. Howard has exhibited strong, effective leadership with InterDigital as President of InterDigital's intellectual property business and as Interim President of the Company. InterDigital's strategy is well conceived and we expect the Company to continue to build momentum and execute its strategy successfully under Howard's leadership."
Mr. Goldberg joined InterDigital in 1993. As President of the Company's intellectual property business, he led the revitalization of InterDigital's patent licensing program, helping to establish a growing recurring revenue base from the Company's worldwide licensees. He has served as Interim President of the Company since September 1999.
Under his leadership, InterDigital began the detailed development of its strategic plan and the expansion of its product development programs, focusing on Wideband CDMA System on a Chip solutions for next generation wireless products.
During his tenure, the Company also contributed significantly to the establishment of third generation wireless standards and declared its position as a holder of essential patents for those standards.
In the mid-1990s, while serving as General Counsel of InterDigital, Mr. Goldberg was a principal architect of the B-CDMA(TM) Alliance, a multi-company strategic partnership dedicated to the development of Wideband CDMA technology and products for voice and high-speed data applications. Mr. Goldberg was also a key contributor to InterDigital's technology development agreement with Nokia.
A graduate of Temple University with a Bachelor of Science degree in accounting, Mr. Goldberg earned his J.D. degree from the University of Florida. He is a Certified Public Accountant and is a member of the Bar Associations of Florida and Pennsylvania.
With a 28-year history creating innovative wireless technologies and products, InterDigital is developing technology and products that drive voice and data communications. The Company is focusing on Wideband CDMA solutions for voice and high speed data applications, including a multi-year technology development project for Nokia.
By leveraging its technology and intellectual property into third generation standards and products, InterDigital is maximizing its long-term revenue and earnings opportunities. InterDigital has a strong portfolio of patented TDMA and CDMA inventions, which it licenses worldwide. For more information, please visit InterDigital's web site: www.interdigital.com.
InterDigital(R) and B-CDMA(TM) are trademarks of the Company.
This press release contains forward looking statements regarding InterDigital's opportunities and ability to build momentum and exercise its strategies. Such statements are subject to risks and uncertainties.
Actual outcomes could differ materially from those expressed in any such forward looking statement due to a variety of factors including, but not limited to: the 3G market materializing faster than expected and/or on a smaller than expected scale; the 3G market accelerating faster than expected adversely impacting our ability to have technology available at critical market windows; limited or no deployment of Time Division Duplex (TDD) technology; the development of substitute technologies to Frequency Division Duplex (FDD) and TDD; the impact of the need to secure technology and patent licenses to support product sales on incoming patent licensing revenue; an unfavorable decision in the patent litigation between InterDigital Technology Corporation and Ericsson; unanticipated 3G development costs; difficulties or delays related to technology or product development; the ability of competitors, many of whom have broader and deeper resources than us, to develop more attractive technology solutions and products for the 3G market; changes to the 3G standard in a manner that adversely affects the applicability of our patents to the standard; the lack of success in meeting staffing goals; the failure to create the necessary industry partnerships within time to support market entry; failure to successfully negotiate patent licensing agreements or to maintain the validity of key patents; the continuation of our development project with Nokia; and lower than expected 2G patent licensing revenue.
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