InterDigital, Inc. Succeeds InterDigital Communications Corporation in Internal Structural Reorganization.New Structure Supports Growth Initiatives KING OF PRUSSIA King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , Pa. -- InterDigital interdigital between two digits. interdigital cysts see interdigital pyoderma, pododermatitis. interdigital dermatitis 1. the early lesion in the development of infectious footrot in sheep; called also sheep scald. Communications Corporation today announced that it has undertaken an internal structural reorganization to better position the company to successfully execute on its growth initiatives. Under the reorganization, effective July 2, 2007, InterDigital, Inc., a newly-formed entity, becomes the publicly-traded parent company for all of the InterDigital companies, including InterDigital Communications Corporation, InterDigital Technology Corporation, and its additional subsidiaries. InterDigital, Inc.'s common stock will continue to be traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Global Select Market under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors IDCC IDCC Integrated Dual-use Commercial Companies . The company will also align its subsidiary companies consistent with the company's strategic plan. "InterDigital is moving rapidly from being a developer and licensor of advanced wireless technologies, to a broader organization involved in advanced wireless research, licensing, ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. sales and strategic investments," said William J. Merritt, InterDigital's President and Chief Executive Officer. "The new business structure provides the flexibility to establish focused business units as our strategic initiatives mature which, in turn, creates a more efficient organization for pursuing and maximizing our opportunities." All outstanding shares of InterDigital Communications Corporation common stock have been converted automatically into shares of InterDigital, Inc. on a share-for-share basis. Stock certificates formerly representing shares of InterDigital Communications Corporation (as well as the predecessor company, International Mobile Machines Corporation) represent the same number of shares of common stock in InterDigital, Inc. Shareholders do not need to exchange their share certificates. Additional information relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc this corporate event is available in the company's related Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. filed today with the Securities and Exchange Commission. About InterDigital InterDigital design, develop and provide advanced wireless technologies and products that drive voice and data communications. InterDigital is a leading contributor to the global wireless standards and holds a strong portfolio of patented technologies which it licenses to manufacturers of 2G, 2.5G, 3G and 802 products worldwide. Additionally, InterDigital offers baseband product solutions and protocol software for 3G multimode terminals and converged devices. InterDigital's differentiated technology and product solutions deliver time-to-market, performance and cost benefits. For more information, please visit InterDigital's web site: www.interdigital.com. InterDigital is a registered trademark of InterDigital, Inc. |
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