KING OF PRUSSIA, Pa.-InterDigital Communications Corp. said it will continue its battle with Nokia Corp. over royalty payments for InterDigital’s 2- and 2.5-generation technologies. The company said it would oppose Nokia’s recent motion to vacate the decision by the International Court of Arbitration of the International Chamber of Commerce in June 2005.
“Based on these facts, and the very limited basis available under the law for a court to vacate or modify a binding arbitration decision, InterDigital believes that any challenges to the final award are frivolous,” said William Merritt, InterDigital’s president and chief executive officer.
InterDigital has been embroiled in legal disputes with a number of handset makers over the years.
Separately, InterDigital posted a 31-percent year-over-year jump in revenues to $38.6 million. The company’s net income increased from $900,000 in the same quarter a year ago to $4 million in the second quarter.
The company’s stock was up slightly on the news to $18.54 per share.
