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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Gus who wrote (6013)	7/1/2000 4:53:52 PM
From: mightylakers	Respond to of 34857

What's the point of going to WCDMA if they are only going to address the WCDMA-chipset market? Hard to say. For instance you think in Japan they will use those GSM mode? You're deliberately distorting what he said Ok ok, but still his conclusion of going TDMA path is WRONG. Besides I didn't even point out his conclusion of Korean going GPRS/EDGE path. As I said that conclusion is as riduculous as claiming a CDMA operator going the path of FDMA. NOW, WHERE DID HE SAY THAT WCDMA MEANS TDMA? Ok, the question is started when you jumped in. So could you please kindly tell me does WCDMA means TDMA? Some people....LOL Listen Gus, err BSW. I'm not here playing semantic game or just debate for the sake of pure debate. If you have anything to exchange then they are always welcomed. I'm not a Qcentric cuz I just bought some NOK. To exchange idea, knowledge is for the purpose of a better investment, not a stronger ego.

To: Gus who wrote (6013)	7/1/2000 6:50:41 PM
From: Ruffian	Respond to of 34857

InterDigital to post $0.55/shr Q2 accounting charge KING OF PRUSSIA, Pa., June 29 (Reuters) - InterDigital Communications Corp. (NasdaqNM:IDCC - news), a wireless technology provider, said on Thursday that it will post a $30.5 million, or $0.55 a share, second quarter charge because of an accounting rule change. InterDigital plans to recognise an accounting rule change for upfront royalty payments that were previously recorded as revenues, although the the Securities and Exchange Commission deferred implementing the new rules. With the accounting change, the company will recognise royalty revenue and net earnings associated with the deferred amounts as licensees sell each product rather than recording all prepaid fees as revenue. The amount of the charge is in line with the previously stated range of $19 million to $31 million, InterDigital said. InterDigital said the accounting change will result in a $2.5 million earnings increase in the first half. On May 4, InterDigital said it planned to modify how it recognises revenues in response to the accounting bulletin. Email this story - View most popular stories emailed More Quotes and News: InterDigital Communications Corp (NasdaqNM:IDCC - news) Related News Categories: US Market News

To: Gus who wrote (6013)	7/1/2000 6:53:04 PM
From: Ruffian	Read Replies (1) \| Respond to of 34857

IDC being Investigated? InterDigital Provides Update On Revenue<br> Recognition<p> KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--June 29, 2000--InterDigital Communications Corporation (Nasdaq: IDCC<br> - news), a leading wireless technology provider, today announced that it has concluded its analysis in response to the Securities<br> and Exchange Commission (SEC) Staff Accounting Bulletin No. 101 ``Revenue Recognition in Financial Statements'' (SAB<br> 101). <p> On May 4, 2000, the Company announced its plans to modify its revenue recognition policy in response to SAB 101 in the<br> second quarter of 2000. With SAB 101, the SEC staff provided further clarification on its view of accounting for up front,<br> non-refundable fees received in connection with licensing agreements. Historically, up-front fees received by the Company in<br> connection with licensing agreements and any related expenses were recognized in the income statement upon the signing of the<br> applicable licensing agreement. Effective January 1, 2000, the Company will recognize revenue and related expenses from<br> these types of agreements as the royalty pre-payments are exhausted through product sales by the licensees. <p> Although the SEC has recently deferred the required implementation date of SAB 101, the Company will reflect the net<br> after-tax cumulative impact of previously recognized up-front payments in the second quarter of 2000 as a cumulative effect of<br> change in accounting principle of $30.5 million or approximately $0.55 per diluted share. This amount is in line with the<br> previously stated range of $19 to $31 million. This one-time non-cash charge effectively defers previously recognized net<br> up-front royalty pre-payments. Thereafter, the Company will generally recognize the revenue and net earnings associated with<br> the deferred amounts as licensee product sales occur. <p> According to Richard Fagan, Chief Financial Officer of InterDigital, ``It is important to note that our historical financial<br> statements were and are in accordance with Generally Accepted Accounting Principles and this policy change will have no<br> effect on previously reported results. While the $30.5 million non-cash change will have a negative effect on 2000 financial<br> results, we will record this amount as earnings in the future as our licensees sell product. We also believe this modification will<br> help to reduce some of the variability in our revenue flow and help produce a more normalized and predictable earnings stream<br> over time. In fact, we anticipate recording approximately $2.5 million additional earnings for the first half of 2000 related to this<br> change in accounting principle.'' <p> InterDigital is creating innovative solutions for mainstream wireless applications which deliver cost and time-to-market<br> advantages for its customers. By leveraging its technology and intellectual property into third generation standards and<br> products, it is maximizing its long-term revenue and earnings opportunities. The Company has a strong portfolio of patented<br> TDMA and CDMA inventions which it licenses worldwide. For more information, please visit InterDigital's web site:<br> www.interdigital.com. <p> This press release contains forward-looking statements regarding InterDigital's current beliefs and expectations as to the<br> cumulative effect of change in accounting principle for the second quarter 2000, the amount of additional earnings to be<br> recorded for the first half of 2000, and the impact of SAB 101. Such statements are subject to risks and uncertainties. Actual<br> outcomes could differ materially from those expressed in any such forward-looking statement due to a variety of factors<br> including, but not limited to: the continued guidance from the SEC staff on SAB 101; the timing or accuracy of reports and<br> guidance provided by licensees; and shifts in licensees' sales. InterDigital undertakes no duty to publicly update any<br> forward-looking statements, whether as a result of new information, future events or otherwise. <p> Contact: <p> InterDigital Communications Corporation<br> Susan Sutton (Media)<br> susan.sutton@interdigital.com<br> or<br> Janet Point (Investor)<br> janet.point@interdigital.com<br> 610/878-7800