Wednesday, January 12, 2005
[SEC FORM 8-K] InterDigital receives $28 million from Sony Ericsson -- mostly a pre-payment for sales of 2G/2.5G terminal units during 2005-2006
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (Date of earliest event reported): January 10, 2005
______________
InterDigital Communications Corporation
(Exact name of registrant as specified in its charter)
Pennsylvania 1-11152 23-1882087
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
781 Third Avenue, King of Prussia, Pennsylvania 19406-1409
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 610-878-7800
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01. Regulation FD Disclosure.
On January 10, 2005, InterDigital Communications Corporation's wholly-owned
subsidiary, InterDigital Technology Corporation (ITC), received a payment of
approximately $28 million from Sony Ericsson Mobile Communications AB (Sony
Ericsson) under ITC's March 2003 license agreement with Sony Ericsson. The
payment primarily consists of a pre-payment of estimated sales of Second
Generation (2G) GSM/TDMA and 2.5G GSM/GPRS/TDMA standards compliant terminal
units during 2005 and 2006. Consistent with past revenue recognition of
pre-payments from Sony Ericsson, revenue associated with this pre-payment will
continue to be recognized as Sony Ericsson reports the exhaustion of royalty
pre-payments through the sale of licensed terminal units.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INTERDIGITAL COMMUNICATIONS CORPORATION
By: /s/ Lawrence F. Shay
-----------------------------------
Lawrence F. Shay
General Counsel
Date: January 12, 2005
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (Date of earliest event reported): January 10, 2005
______________
InterDigital Communications Corporation
(Exact name of registrant as specified in its charter)
Pennsylvania 1-11152 23-1882087
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
781 Third Avenue, King of Prussia, Pennsylvania 19406-1409
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 610-878-7800
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
================================================================================
Item 7.01. Regulation FD Disclosure.
On January 10, 2005, InterDigital Communications Corporation's wholly-owned
subsidiary, InterDigital Technology Corporation (ITC), received a payment of
approximately $28 million from Sony Ericsson Mobile Communications AB (Sony
Ericsson) under ITC's March 2003 license agreement with Sony Ericsson. The
payment primarily consists of a pre-payment of estimated sales of Second
Generation (2G) GSM/TDMA and 2.5G GSM/GPRS/TDMA standards compliant terminal
units during 2005 and 2006. Consistent with past revenue recognition of
pre-payments from Sony Ericsson, revenue associated with this pre-payment will
continue to be recognized as Sony Ericsson reports the exhaustion of royalty
pre-payments through the sale of licensed terminal units.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INTERDIGITAL COMMUNICATIONS CORPORATION
By: /s/ Lawrence F. Shay
-----------------------------------
Lawrence F. Shay
General Counsel
Date: January 12, 2005
