InterDigital Increases Share Repurchase Authorization to $300 Million
06 Diciembre 2023 - 7:30AM
InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology
research and development company, today announced that the
company’s Board of Directors has authorized an increase to the
outstanding amount of the company’s existing share repurchase
program of approximately $235 million to a total of $300 million,
effective as of December 1, 2023.
The timing of repurchases and the number of shares of common
stock to be repurchased will depend upon prevailing market
conditions and other factors. Repurchases will be made using the
company’s cash resources. The increase does not obligate the
company to make any repurchases, and any repurchase program may be
commenced or suspended from time-to-time at the company’s
discretion without prior notice. Repurchases may be made in the
open market, through 10b5-1 programs, block purchases or
otherwise.
About InterDigital ®
InterDigital develops mobile and video technologies that are at
the core of devices, networks, and services worldwide. We solve
many of the industry’s most critical and complex technical
challenges, inventing solutions for more efficient broadband
networks, better video delivery, and richer multimedia experiences
years ahead of market deployment. InterDigital has licenses and
strategic relationships with many of the world’s leading technology
companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended. Such statements include information regarding our
current beliefs, plans and expectations. Words such as “believe,”
“anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,”
“forecast,” “goal,” “could,” “would,” “should,” “if,” “may,”
“might,” “future,” “target,” “trend,” “seek to,” “will continue,”
“predict,” “likely,” “in the event,” and variations of any such
words or similar expressions are intended to identify such
forward-looking statements. Forward-looking statements are made on
the basis of management’s current views and assumptions and are not
guarantees of future performance. Forward-looking statements are
inherently subject to risks and uncertainties that could cause
actual results, and actual events that occur, to differ materially
from results contemplated by the forward-looking statements. These
risks and uncertainties include, but are not limited to, (i)
unanticipated delays, difficulties or accelerations in the
execution of patent license agreements; (ii) the resolution of
current legal proceedings, including any awards or judgments
relating to such proceedings, additional or related legal
proceedings, including appeals, changes in the schedules or costs
associated with such proceedings or adverse rulings; (iii) our
ability to leverage our strategic relationships and secure new
patent license agreements on acceptable terms; (iv) our ability to
enter into sales and/or licensing partnering arrangements for
certain of our patent assets; (v) our ability to enter into
partnerships with leading inventors and research organizations and
identify and acquire technology and patent portfolios that align
with our roadmap; (vi) our ability to commercialize our
technologies and enter into customer agreements; (vii) the failure
of the markets for our current or new technologies to materialize
to the extent or at the rate that we expect; (viii) our continued
ability to develop new technologies and secure new patents,
including the risk of unexpected delays or difficulties related to
the development of our technologies; (ix) risks associated with our
capital allocation strategies, including risks associated with our
planned dividend payments and share repurchases; (x) changes in our
interpretations of, and assumptions and calculations with respect
to the impact on us of, the 2017 Tax Cuts and Jobs Act, as well as
further guidance that may be issued regarding such act; (xi) risks
related to the potential impact of new accounting standards on our
financial position, results of operations or cash flows; (xii)
failure to accurately forecast the impact of our restructuring
activities on our financial statements and our business; (xiii) the
timing and impact of potential administrative and legislative
matters; (xiv) changes or inaccuracies in market projections; (xv)
our ability to obtain liquidity though debt and equity financings;
(xvi) the potential effects that macroeconomic uncertainty could
have on our financial position, results of operations and cash
flows; (xvii) impacts from acts of terrorism, war or political or
civil unrest, or any responses thereto, in the United States or
elsewhere; (xviii) changes in our business strategy; (xix) changes
or inaccuracies in our expectations with respect to royalty
payments by our customers and (xx) risks related to our assumptions
and application of relevant accounting standards, including with
respect to revenue recognition. We undertake no duty to revise or
update publicly any forward-looking statement for any reason,
except as otherwise required by law.
InterDigital Contact:InterDigital Investor
RelationsEmail: investor.relations@interdigital.com+1 (302)
300-1857
InterDigital (NASDAQ:IDCC)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
InterDigital (NASDAQ:IDCC)
Gráfica de Acción Histórica
De May 2023 a May 2024