InterDigital, Inc. (NASDAQ:IDCC) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
InterDigital has recently restructured a licensing arrangement with a long-term customer. As a result of this and other non-recurring items, InterDigital expects to recognize a $5.5 million net charge that will be recorded as a contra to non-recurring revenue for the three months ended March 31, 2019.
The information in this Current Report on Form 8-K is being furnished solely to satisfy the requirements of Regulation FD and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
Cautionary Statement Regarding Forward-Looking Statements
Statements made in this Current Report on Form 8-K that relate to InterDigital’s financial results or performance are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including important factors that could delay, divert or change any of these expectations, and could cause actual outcomes and results to differ materially from current expectations. For further details and a discussion of risks and uncertainties, please see InterDigital’s public filings with the Securities and Exchange Commission, including the company’s latest periodic reports on Forms 10-K and 10-Q. Readers are cautioned not to put undue reliance on forward-looking statements, which reflect only opinions as of the date of this Current Report on Form 8-K. InterDigital undertakes no obligation to revise or publicly update any forward-looking statement for any reason, except as otherwise required by law.
About InterDigital, Inc. (NASDAQ:IDCC)
InterDigital, Inc. designs and develops technologies for wireless communications. The Company has designed and developed a range of technologies that are used in digital cellular and wireless products and networks, including second generation (2G), third generation (3G), fourth generation (4G) and IEEE 802 related products and networks. The Company’s subsidiaries hold a portfolio of approximately 20,400 patents and patent applications related to a range of technologies, including the fundamental technologies that enable wireless communications. Products integrating its technologies include mobile devices, such as cellular phones, tablets, notebook computers and wireless personal digital assistants; wireless infrastructure equipment, such as base stations, and components, dongles and modules for wireless devices. The Company is focused on approximately two technology areas: cellular wireless technology and Internet of Things (IoT) technology.
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