InterDigital sees 4Q sales slightly below views

AP News
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Posted: Nov 17, 2009 4:52 PM

Wireless technology developer InterDigital Inc. said Tuesday it expects fourth-quarter revenue between $75 million and $76 million, which falls slightly below Wall Street's expectations.

Analysts polled by Thomson Reuters are expecting, on average, sales of $77.5 million.

The outlook "reflects some weakness" in royalties from the company's Japanese licensees, offset by a full quarter's contribution from its new licensee, Pantech, and solid sales by its smart phone licensees, the company said.

Shares fell 33 cents to close at $23.43.