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Re: New $100 Million Stock Repurchase Authorization!

By: drwein72 in IDCC | Recommend this post (0)
Fri, 04 May 12 8:53 PM | 349 view(s)
Boardmark this board | InterDigital Communications
Msg. 45081 of 48237
(This msg. is a reply to 45080 by Rakitno)

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How about that little tidbit about selling four patent families unrelated to the big patent sale? Is this sale counted in the income projections? How much did IDCC get? Will we ever find out?


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The above is a reply to the following message:
New $100 Million Stock Repurchase Authorization!
By: Rakitno
in IDCC
Fri, 04 May 12 8:41 PM
Msg. 45080 of 48237

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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