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New $100 Million Stock Repurchase Authorization! 

By: Rakitno in IDCC | Recommend this post (1)
Fri, 04 May 12 8:41 PM | 295 view(s)
Boardmark this board | InterDigital Communications
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InterDigital: 2Q Rev About $71M

InterDigital Announces New $100 Million Stock Repurchase Authorization

http://ir.interdigital.com/releasedetail.cfm?ReleaseID=670518

"We remain very confident in our ability to create value," stated William J. Merritt, President and Chief Executive Officer. "In addition to our strong balance sheet, we expect to generate positive free cash flow in 2012 and future periods. Given our financial strength, we have the capacity to make investments in our core research and development and to look for new technology acquisition opportunities that are expected to drive future licensing opportunities, as well as to repurchase our stock, all of which we believe will further enhance shareholder value."


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