DGCT - current activities Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : DGCT - current activities

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: formerposter who wrote (2)	5/13/1999 11:17:00 AM
From: Sober	Read Replies (1) of 8

Not sure about the connection to DGCT, but Follow up on IDC, this was posted today FINANCIAL POSITION, LIQUIDITY AND CAPITAL REQUIREMENTS InterDigital experienced positive cash flow from operating activities of $30.4 million in the first quarter of 1999 compared to a use of $3.1 million in the same period in 1998. The increase principally resulted from higher levels of cash receipts in the first quarter of 1999 associated with the success of the patent licensing program. Net cash used in investing activities increased to $46.1 million in the first quarter of 1999 from $5.5 million in the comparable period of 1998. The increase was due primarily to higher purchases of short-term investments in 1999. Notwithstanding the above, the amount of cash used in investing has, historically, been low relative to cash used in operations. During the first quarter of 1999, the Company used $248,000 in financing activities primarily to repay debt obligations. InterDigital's working capital at March 31, 1999 was $76.1 million compared to $54.8 million at December 31, 1998. The $21.3 million increase mainly resulted from the receipt of cash from licensing agreements.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next