KING OF PRUSSIA, Pa.-InterDigital Communications Corp. said it expects to report fourth-quarter revenues in line with most analyst expectations. Investors seemed unmoved by the news, sending the company’s stock down slightly to $19.35 per share.
InterDigital, which licenses technology to handset makers and others, said it expects fourth-quarter revenues of between $39 million and $42 million. Analysts polled by Thomson Financial Network predict the firm will post around $40 million in revenues.
“We are pleased to close out 2005 with a solid fourth quarter which reflects the benefit of our expanding base of 3G patent licensees and continued contributions from technology customers,” said Richard Fagan, InterDigital’s chief financial officer. “We expect full-year 2005 recurring patent license royalties to be well over $100 million. For 2006, we remain optimistic about our prospects for growth as we continue to capitalize on opportunities in the growing 3G market.”
