Interdigital Inc Stock Price, News & Analysis

InterDigital (NASDAQ: IDCC) has appointed Joshua D. Schmidt as its new Chief Legal Officer and Corporate Secretary, effective immediately. Schmidt has been with the company for six years and previously served as Deputy General Counsel, overseeing various legal functions. He succeeds Richard L. Gulino, who will retire on December 3, 2021, but will stay on as a Strategic Advisor. CEO Liren Chen expressed optimism about Schmidt's appointment, noting his deep understanding of the business and ability to lead at a crucial time in InterDigital's innovation efforts.

InterDigital, Inc. (NASDAQ:IDCC) announced it will release its third quarter 2021 financial results on November 4, 2021, before market open. The company will conduct a conference call at 10:00 a.m. ET the same day to discuss its financial performance and other matters. Investors can join the call via an Internet webcast or by telephone. A replay of the call will be available on the company's website and via telephone from November 4 to November 9. InterDigital is known for developing mobile and video technologies crucial for global networks and services.

InterDigital partnered with Zip Code Wilmington to launch the B1ue N0te program aimed at providing coding skills to Delaware high school students. The initiative successfully trained nearly 200 students during the 2020-2021 school year and summer. Focused on underrepresented youth, B1ue N0te offers programming in JavaScript, HTML, and CSS. Participating schools expanded from three to six, demonstrating increasing interest and demand. The program prepares students for potential careers in software development, fostering skills vital for the tech industry.

InterDigital announced the election of Arman Shojaeifard as Chair of the newly formed ETSI Industry Specification Group (ISG) on Reconfigurable Intelligent Surfaces (RIS). The election occurred on September 30, 2021, at the inaugural ETSI ISG RIS meeting. This group includes industry leaders from various organizations and aims to define use cases and requirements for RIS technology, a key innovation for future wireless systems, particularly 6G. The establishment of this group marks a significant step for InterDigital in influencing future wireless technologies.

Blair Watters has been promoted to Vice President of Government Relations and Standards Policy at InterDigital (NASDAQ:IDCC). This announcement comes as the company integrates its government affairs, marketing, and communications teams under Rob Stien, the new EVP, Chief Communications and Public Policy Officer. Watters will focus on U.S. policy and key technology standards like 5G. Both leaders emphasize the importance of these roles in enhancing InterDigital's position in mobile and video innovation during the rollout of advanced technologies.

InterDigital, a technology R&D company listed on NASDAQ under the symbol IDCC, will present at the Sidoti Fall Virtual Small Cap Conference on September 22, 2021, at 1:00 PM ET. This event will be webcast live, with an archived replay available afterward. InterDigital specializes in mobile and video technologies, addressing critical industry challenges to enhance broadband and video delivery. Founded in 1972, the company partners with leading tech firms globally.

InterDigital, a mobile and video technology R&D company, has provided its third quarter 2021 revenue guidance, expecting between $119 million and $121 million. This includes estimated recurring revenue of $89 million to $91 million, driven by a $15 million increase in recurring revenue and $30 million from a fixed-price license agreement. Operating expenses are projected between $97 million and $105 million, including $18 million to $23 million in one-time restructuring expenses. The guidance excludes potential impacts from future agreements.

InterDigital (NASDAQ:IDCC) has announced a quarterly cash dividend of $0.35 per share on its common stock. This dividend is payable on October 27, 2021 to shareholders of record by October 13, 2021. The company, headquartered in Wilmington, Delaware, focuses on mobile and video technology research, addressing complex technical challenges and enhancing broadband networks and video delivery. InterDigital's strategic relationships with major technology firms bolster its position in the market.

InterDigital (NASDAQ:IDCC) has signed a multi-year, worldwide, non-exclusive, royalty-bearing license with Seiko Solutions Inc. covering 3G, 4G, and 5G cellular wireless technology. This agreement was reached through constructive negotiations and underscores the strong partnership between the two companies. InterDigital's portfolio has attracted approximately 80 licensees over the years, resulting in the sale of over 800 million licensed devices in the current year and more than six billion in the last decade, showcasing the company's significant impact in mobile and video technologies.