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Technology Stocks : Interdigital Communication(IDCC)

IDCC 369.41

-3.0%

Nov 7 3:59 PM EST

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To: elmatador who wrote (4792)	11/12/2002 11:16:55 AM
From: Eric L	Read Replies (1) of 5195

re: Reuters on IDCC Q3 >> Interdigital Net Loss Widens King Of Prussia, Pa. Nov 12 Reuters forbes.com InterDigital Communications Corp. (nasdaq: IDCC), a maker of software used for wireless telecommunications, on Tuesday said its quarterly net loss widened, chiefly because of higher-than-expected costs of development work for Nokia. For the third quarter ended Sept. 30, InterDigital reported a net loss of $5.8 million, or 11 cents a share, compared with $5 million, or 9 cents a share, in the year-ago period. Revenue rose to $14.7 million from $14.5 million in the year-ago quarter, as higher royalty revenue attributed to agreements reached with NEC Corp.<6701.T> more than offset an expected decrease in revenue from specialized engineering services. << - Eric -

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