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Stock Market & Financial Investment News

News Breaks
January 2, 2013
10:21 EDTIDCCInterDigital estimates raised on extended licensing agreement at William Blair
William Blair raised InterDigital (IDCC) estimates following the extension of its licensing agreement with Research in Motion (RIMM). The firm views the agreement as a strong positive for InterDigital's near-term estimates and long-term licensing prospects. Shares are Outperform rated.
News For IDCC From The Last 14 Days
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November 25, 2014
16:32 EDTIDCCInterDigital's innovation unit enters into agreement with McGill University
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November 13, 2014
16:35 EDTIDCCInterDigital sees Q4 revenue $82M-$85M, consensus $73M
"We are very pleased to announce that we expect to record total revenue in the range of $82Mto $85M in fourth quarter 2014," noted Richard J. Brezski, CFO. "This range includes recurring revenue of $81M to $84M and is driven by our licensees' strong sales of mobile devices utilizing our advanced technologies. Our fourth quarter revenue guidance does not include any contribution from the arbitration award we received earlier this year related to our agreement with Arima. We will recognize any revenue related to the Arima arbitration award when all criteria for revenue recognition have been met." This revenue guidance is based primarily on royalty reports received to date, and does not include the potential impact of any new patent license, technology solutions or patent sale agreements that may be signed, or any other arbitration or dispute resolutions that may occur, during the balance of fourth quarter 2014.

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