KING OF PRUSSIA, Pa.-InterDigital Communications Corp. shareholders increased the number of authorized shares of common stock from 75 million to 100 million, re-elected Robert S. Roath as board member for a three-year term and reappointed Arthur Andersen as independent accountant last week at its annual meeting.
“We wanted to secure another alliance partner to help expand the size of our market and generate profitable growth … we accomplished that objective when we entered into a new strategic partnership with Alcatel in early 1998,” said Harry Campagna, chairman of InterDigital.
InterDigital ended last year with about $25 million in cash and has doubled that amount since then, Campagna added.
