Last $53.61 USD
Change Today -1.94 / -3.49%
Volume 1.4M
As of 8:10 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

interdigital inc (IDCC) Snapshot

Open
$55.96
Previous Close
$55.55
Day High
$56.27
Day Low
$52.68
52 Week High
03/5/15 - $56.27
52 Week Low
03/14/14 - $30.15
Market Cap
2.0B
Average Volume 10 Days
581.8K
EPS TTM
$2.58
Shares Outstanding
37.1M
EX-Date
01/12/15
P/E TM
20.8x
Dividend
$0.80
Dividend Yield
1.31%
Current Stock Chart for INTERDIGITAL INC (IDCC)

interdigital inc (IDCC) Related Businessweek News

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interdigital inc (IDCC) Details

InterDigital, Inc. designs and develops technologies that enable and enhance wireless communications in the United States, Taiwan, Canada, Japan, Korea, Germany, Europe, China, and Asia. It offers technology solutions for use in digital cellular and wireless products and networks, such as 2G, 3G, 4G, and IEEE 802-related products and networks. The company develops cellular technologies comprising technologies related to CDMA, TDMA, OFDM/OFDMA, and MIMO for use in 2G, 2.5G, and 3G wireless networks and mobile terminal devices; and other wireless technologies related to WLAN, Wi-Fi, WMAN, and the digital cellular area. Its patented technologies are used in various products, including mobile devices, such as cellular phones, tablets, notebook computers, and wireless personal digital assistants; wireless infrastructure equipment comprising base stations; and components, dongles, and modules for wireless devices. As of December 31, 2013, the company held a portfolio of approximately 20,500 patents and patent applications related to the fundamental technologies that enable wireless communications. InterDigital, Inc. was founded in 1972 and is headquartered in Wilmington, Delaware.

320 Employees
Last Reported Date: 02/19/15
Founded in 1972

interdigital inc (IDCC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $575.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $285.0K
Chief Intellectual Property Counsel and Execu...
Total Annual Compensation: $410.0K
Senior Executive Vice President of Innovation
Total Annual Compensation: $375.0K
Executive Vice President of Interdigital Solu...
Total Annual Compensation: $325.0K
Compensation as of Fiscal Year 2013.

interdigital inc (IDCC) Key Developments

InterDigital, Inc.'s oneMPOWER IoT Platform to be Available Through WoT.Io, Inc

InterDigital, Inc. announced the planned availability of its oneMPOWER platform solution through WoT.Io, Inc. This collaboration will give customers the ability to combine a simple, flexible data environment with the mature, proven oneM2M-based M2M/IoT platform in the industry. The result will facilitate application development, analytics and other data services while ensuring a robust, future-proof standards-based solution. As a marketplace for various IoT services, wot.io will provide customers of InterDigital's oneMPOWER platform access to their wide portfolio of other third party services and data. The agreement is pursuant to a non-binding memorandum of understanding between InterDigital and wot.io. InterDigital's oneMPOWER platform is an oneM2M standards-based horizontal M2M/IoT solution that offers numerous services that span connectivity, device, data, and transaction management, resulting in faster time-to-market and revenue, reduced complexity, and lower costs.

InterDigital, Inc. and Peraso Technologies Inc. Demonstrate First Wigig-Based Millimeter Wave Mesh Backhaul System

InterDigital, Inc. and Peraso Technologies Inc. announced the integration of their respective technologies into the world's first WiGig-based Millimeter Wave Mesh Backhaul system. The technology will enable easier deployments for small cell mobile backhaul resulting in lower cost solutions for high-speed data delivery in 4G and 5G networks. The system developed by the InterDigital Labs team includes imec's 60 GHz PHARA4 radio and phased array antenna with fast electrical beam steering in azimuth and elevation, and Peraso's highly integrated PRS4000 WiGig baseband chip, operating at multi-Gbps data rates. InterDigital's software provides self-configuration and data routing for the multi-hop mesh backhaul. The cost-effective architecture uses radio and baseband components targeted for high volume consumer electronics rather than proprietary architectures found in existing millimeter backhaul solutions. Multi-sector rapid beam steering enables many links to be supported with the same equipment for added cost-reduction, reliability, and simple network scaling with additional nodes. InterDigital calls the solution EdgeHaul, and aims to bring it to industry field trials in the second half of 2015.

InterDigital, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Revenue Guidance for the First Quarter and Full Year 2015

InterDigital, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenue of $86.1 million, compared to $99.7 million in fourth quarter 2013. Recurring revenue was $85.1 million, consisting of current patent royalties and current technology solutions revenue, representing an increase of 38% compared to $61.6 million in fourth quarter 2013. Net income attributable to the co. was $13.8 million, or $0.36 per diluted share, compared to net income of $14.5 million, or $0.35 per diluted share, in fourth quarter 2013. Income from operations was $25,288,000 against $37,980,000 a year ago. Income before income taxes was $20,589,000 against $24,274,000 a year ago. Net cash provided by operating activities was $55,984,000 against net cash used by operating activities of $545,000 a year ago. Purchases of property, equipment, & technology licenses were $3,899,000 against $1,859,000 a year ago. For the year, the company reported total revenue of $415.8 million, a 28% increase compared to $325.4 million in 2013. This year-over-year increase in total revenue was primarily attributable to the $88.8 million increase in current patent royalties as a result of new patent license agreements signed in second quarter 2014 and increased shipments by certain of licensees. Recurring revenue was $288.8 million, representing an increase of 46% compared to $198.3 million in 2013. Net income attributable to the co. was $104.3 million, or $2.62 per diluted share, compared to net income of $38.2 million, or $0.92 per diluted share, in 2013. Income from operations was $168,960,000 against $84,756,000 a year ago. Income before income taxes was $153,528,000 against $61,519,000 a year ago. Net cash provided by operating activities was $242,013,000 against $218,175,000 a year ago. Purchases of property, equipment, & technology licenses were $7,095,000 against $4,591,000 a year ago. The company expects that sales volumes of per-unit licensees in fourth quarter 2014 will drive first quarter 2015 total revenue to a range of between $107 million and $110 million, comprised entirely of recurring revenue. The expected sequential quarterly increase is based on the same set of licensees the company had in fourth quarter 2014 and results, in part, from second half 2014 product introductions. Overall, the company’s licensing efforts in 2014 built a platform for the generation of over $300 million in recurring revenue for 2015, a 50% increase in that important metric at the beginning of 2014.

 

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IDCC

Industry Average

Valuation IDCC Industry Range
Price/Earnings 21.2x
Price/Sales 5.0x
Price/Book 4.4x
Price/Cash Flow 19.8x
TEV/Sales 2.7x
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