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Interdigital

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BUSINESS
July 27, 2011 | By Susan Decker, Bloomberg News
InterDigital Inc., the King of Prussia company that owns about 1,300 U.S. patents related to mobile phones, said Tuesday it filed a patent-infringement complaint seeking to block imports of phones made by Nokia Oyj, ZTE Corp., and Huawei Technologies Co. InterDigital filed a case with the U.S. International Trade Commission in Washington, alleging infringement of seven patents related to so-called third-generation wireless technology, InterDigital said...
BUSINESS
August 18, 2009 | By Linda Loyd INQUIRER STAFF WRITER
Shares of InterDigital Inc. were pummeled yesterday after a judge said Nokia Corp. did not violate the King of Prussia company's technology patents. InterDigital, a developer of wireless technology for mobile phones, is seeking to block import of Nokia's newest generation of phones because the Finland-based company refused to pay patent royalties. InterDigital said it disagreed with an administrative law judge's initial determination and would petition the full U.S. International Trade Commission to review and overturn it. Shares of InterDigital closed down $6.98, or 23.7 percent, to $22.52.
NEWS
May 11, 2011
InterDigital Inc., a King of Prussia wireless communication company, today forecast that its second-quarter revenue would be down by about $9.5 million, or 12 percent, from the first quarter. It projected revenue for the quarter, which will end on June 30, of $69 million compared with $78.5 million in the first quarter. The projection is down $22 million, or 24 percent, from the second quarter last year. InterDigital said the decline is caused by a drop in revenue from customers in Japan, possibly a result of the March 11 earthquake and tsunami, plus a reduction in past sales and lower revenue from an existing customer that changed its contract terms.
BUSINESS
January 14, 2005 | By Porus P. Cooper INQUIRER STAFF WRITER
Shares of InterDigital Communications Corp. - a King of Prussia company whose revenue comes mostly from licensing its technologies to makers of telecommunications equipment - fell sharply yesterday after Nokia Corp. went to federal court to dispute some of InterDigital's patents. InterDigital reported the suit against it in a filing with the Securities and Exchange Commission and said it "intends to take all necessary steps to vigorously defend its position. " InterDigital's shares closed at $17.93, down $2.33, or nearly 12 percent, in trading on the Nasdaq national market.
BUSINESS
June 20, 2012 | By Bob Fernandez and INQUIRER STAFF WRITER
Panning the patent gold rush, King of Prussia wireless-technology developer Interdigital Inc. has sold 1,700 patents and patent applications to microprocessor giant Intel Corp. for $375 million cash. The patents and applications account for about 8 percent of Interdigital's portfolio, and the company expects to replenish the sold patents in about 18 months through new development at engineering labs in King of Prussia, Montreal, San Diego, and Melville, N.Y. The 1,700 patents and patent applications were related to 3G and LTE technology.
BUSINESS
April 2, 1999 | By Henry J. Holcomb, INQUIRER STAFF WRITER
The president of InterDigital Communications Corp. believes his small King of Prussia company can become to wireless communications what Intel Corp. is to personal computers. That's a bold dream for a small company, founded in 1972, that didn't make money until last year, and still has some some big battles ahead. Still, William A. Doyle insists that the profit his company earned last year - $17.5 million on revenue of $37.8 million - is a sign that a new strategy, launched quietly about three years ago, is working.
BUSINESS
September 27, 2011 | By Mike Armstrong, Inquirer Columnist
Rumors about possible acquisitions can make stock prices pop. Conversely, gossip about low-ball bids can make them flop. On Friday, Bloomberg News reported that the life insurer Harleysville Group Inc. may be bought by Nationwide Mutual Insurance Co. Its shares jumped 23.7 percent, or $5.99, to close at $31.32. In the absence of any deal-related news Monday, shares of the Montgomery County insurer drifted still higher, up 1.8 percent, or 56 cents, to close at $31.88 on a day when the Standard & Poor's 500 index bounced up by 2.33 percent.
NEWS
June 21, 1997 | By Sudarsan Raghavan, INQUIRER STAFF WRITER
Wagging protest signs and chanting, "Don't deal with dictators," 17 human-rights activists picketed a Montgomery County telecommunications company's annual shareholders meeting at the Sheraton Valley Forge Hotel in King of Prussia yesterday. At issue was the firm's signing of a $250 million contract last month to supply wireless communications equipment to the military regime of the southeast Asian nation of Burma. The deal, by King of Prussia-based InterDigital Communications Corp.
BUSINESS
July 21, 2011
In the Region InterDigital shares soar on report Shares of InterDigital Inc. jumped nearly 29 percent Wednesday after a media report that the King of Prussia technology company might be an acquisition target for Google Inc. Google, the Mountain View, Calif., Internet search engine that wants to increase its patent portfolio, is among the companies interested in bidding for InterDigital, Bloomberg News reported, based on an anonymous...
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BUSINESS
June 9, 2014 | By Chris Hepp, Inquirer Staff Writer
The ship came in last week for InterDigital Inc. The Wilmington developer and patent-holder of wireless technologies, announced it had reached a settlement in its long-running patent dispute with Samsung Electronics Co. Ltd. Going forward, Samsung will pay InterDigital royalties on certain technology used in its 3G and 4G digital phones. InterDigital has contended it owns the patents on technology used by the mobile-phone giant. Neither company would give a value on the deal, but InterDigital's chief financial officer, Richard J. Brezski, offered some hints.
BUSINESS
December 30, 2013 | By Chris Hepp, Inquirer Staff Writer
It has been a rocky year's end for Philly50 denizen InterDigital Inc. The developer of high-end technologies that help keep your smartphone smart and running has been locked into a patent dispute with some of the largest makers of cellphones - Nokia, Huawei Technologies Co., and ZTE Corp. The dispute turned particularly ugly earlier this month when William Merritt, the chief executive of InterDigital, accused Chinese regulators of threatening to arrest any InterDigital representatives who might attend a Dec. 18 meeting in China to discuss Huawei's antitrust complaints against his company.
BUSINESS
June 20, 2012 | By Bob Fernandez and INQUIRER STAFF WRITER
Panning the patent gold rush, King of Prussia wireless-technology developer Interdigital Inc. has sold 1,700 patents and patent applications to microprocessor giant Intel Corp. for $375 million cash. The patents and applications account for about 8 percent of Interdigital's portfolio, and the company expects to replenish the sold patents in about 18 months through new development at engineering labs in King of Prussia, Montreal, San Diego, and Melville, N.Y. The 1,700 patents and patent applications were related to 3G and LTE technology.
BUSINESS
May 25, 2012 | Inquirer Staff Report
IN THE REGION PUC supports $75,000 fine for Peco The Pennsylvania Public Utility Commission on Thursday unanimously approved a motion to assess a $75,000 civil penalty against Peco Energy Co. for failing to follow procedures related to a 2009 gas leak and explosion at a house in Upper Merion Township. The proposed penalty, which is open for public comment for 20 days, is more than double the $35,000 civil settlement that Peco and the PUC's staff had agreed to. Commissioner Wayne E. Gardner proposed the stiffer penalty because he said Peco had failed to remediate a corrosion issue though it was aware of leaks in the area.
BUSINESS
September 27, 2011 | By Mike Armstrong, Inquirer Columnist
Rumors about possible acquisitions can make stock prices pop. Conversely, gossip about low-ball bids can make them flop. On Friday, Bloomberg News reported that the life insurer Harleysville Group Inc. may be bought by Nationwide Mutual Insurance Co. Its shares jumped 23.7 percent, or $5.99, to close at $31.32. In the absence of any deal-related news Monday, shares of the Montgomery County insurer drifted still higher, up 1.8 percent, or 56 cents, to close at $31.88 on a day when the Standard & Poor's 500 index bounced up by 2.33 percent.
BUSINESS
July 27, 2011 | By Susan Decker, Bloomberg News
InterDigital Inc., the King of Prussia company that owns about 1,300 U.S. patents related to mobile phones, said Tuesday it filed a patent-infringement complaint seeking to block imports of phones made by Nokia Oyj, ZTE Corp., and Huawei Technologies Co. InterDigital filed a case with the U.S. International Trade Commission in Washington, alleging infringement of seven patents related to so-called third-generation wireless technology, InterDigital said...
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