InterDigital Sees Q2 Sales Above Expectations

InterDigital dipped after the company said it expects Q2 sales between $130 million and $135 million, topping the CapIQ mean for $94.8 million. The revenue guidance is based primarily on royalty reports received to date, and does not include the potential impact of any new patent license, technology solutions or patent sale agreements that may be signed, or any arbitration or dispute resolutions that may occur during the balance of Q2, it said.

Separately, the company said in a regulatory filing it entered into a settlement with Microsoft (MSFT) to resolve their disputes, and entered into a framework for future discussions for a patent license agreement and regarding technology collaboration in key areas. In exchange for cash and other commitments from Microsoft, InterDigital has agreed to a limited release on the past sales of certain Microsoft products, including Nokia (NOK) terminal units sold during a limited period of time. InterDigital and Microsoft also have agreed to terms for dismissal by them and Nokia Corporation of all outstanding litigation and other proceedings among these companies and their affiliates

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