Federal Judge Confirms $134 Million Award For InterDigital in Dispute With Samsung Over 2G Royalties Owed

KING OF PRUSSIA, Pa.—(BUSINESS WIRE)—December 5, 2007— InterDigital, Inc. (NASDAQ: IDCC) today announced that the federal district court judge presiding in the enforcement proceeding between InterDigital and Samsung in the United States District Court for the Southern District of New York confirmed in its entirety an arbitration award rendered in September 2006 (Award) by an Arbitral Tribunal operating under the auspices of International Court of Arbitration of the International Chamber of Commerce (ICC). The Award directed Samsung to pay InterDigital $134 million in royalties plus interest less an approximate $6 million prepayment credit for sales of 2G terminal units through 2005. The Award also set a royalty rate to be applied to Samsung's 2006 sales of 2G terminal units.

"We are pleased that the Federal Court has confirmed the award," commented William J. Merritt, President and Chief Executive Officer of InterDigital. "We intend to commence the collection process as to the Award, including interest and 2006 royalty obligations."

With a judgment from the District Court, InterDigital can commence a seizure process to satisfy the Award amount. The Company believes that any appeal of the District Court decision would be frivolous and would require Samsung to post a bond for at least the full amount of the Award.

About InterDigital

InterDigital designs, develops and provides advanced wireless technologies and products that drive voice and data communications. InterDigital 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. Additionally, the company offers baseband product solutions and protocol software for 3G multimode terminals and converged devices, delivering time-to-market, performance and cost benefits. For more information, visit the InterDigital website: www.interdigital.com.

InterDigital is a registered trademark of InterDigital, Inc.

Contact:

InterDigital, Inc.
Media Contact:
Jack Indekeu, +1 (610) 878-7800
Email Contact
or
Investor Contact:
Janet Point, +1 (610) 878-7800
Email Contact




Review Article Be the first to review this article
Featured Video
Jobs
SOC Logic Design Engineer for Global Foundaries at Santa Clara, CA
Technical Marketing Manager Valley for EDA Careers at San Jose, CA
Technical Support Engineer for EDA Careers at Freemont, CA
Principal Engineer FPGA Design for Intevac at Santa Clara, CA
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Upcoming Events
DVCon 2017 Conference at DoubleTree Hotel San Jose CA - Feb 27 - 2, 2017
IoT Summit 2017 at Great America ballroom, Santa Clara Convention Center Santa Clara CA - Mar 16 - 17, 2017
SNUG Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Mar 22 - 23, 2017
CDNLive Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Apr 11 - 12, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy