DALLAS, Aug. 20, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring mobile technology provider InterDigital Inc. (Nasdaq:IDCC). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on InterDigital Inc. (Nasdaq:IDCC) should be of particular interest to other wireless technology companies: Alcatel-Lucent (NYSE:ALU), QUALCOMM Inc. (Nasdaq:QCOM), Juniper Networks Inc. (Nasdaq:JNPR) and Extreme Networks Inc. (Nasdaq:EXTR).
It is available at: http://www.stockpreacher.com/n/IDCC
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InterDigital Inc. (IDCC), through its subsidiaries, engages in the design and development of digital wireless technologies for use in cellular and wireless Institute of Electrical and Electronic Engineers (IEEE) 802 related products. The Company is a leading contributor to the global wireless standards and holds a strong portfolio of patented technologies which it licenses to manufacturers of 2G, 2.5G, 3G and 802 products worldwide. It also offers its SlimChip family of mobile broadband modem solutions to mobile device manufacturers, semiconductor companies, and other equipment producers that manufacture, use and sell digital cellular products.
In the report, the analyst notes:
"The Company posted strong earnings and positive cash for the second quarter ended June 30, 2009, highlighting a year-over-year increase in revenues. As stated by IDCC CEO William J. Merritt, the results clearly demonstrate that the Company's licensing efforts continue to drive significant value. Merritt also attributed the Company's first-quarter realignment, which refocused the Company's business on its core research and development and licensing activities, to a significant improvement in profitability in the second quarter.
"The Company recently released its Q3 2009 financial guidance, expecting quarterly revenue to be in the range of approximately $73.5 million to $75.5 million. CFO Scott McQuilkin said the quarter reflects solid 3G sales by its patent licensees, and that declines in overall handset sales have stabilized in second quarter 2009, based on recent sales reports."
To read the entire report visit: http://www.stockpreacher.com/n/IDCC
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