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TheStreet Open House

InterDigital's CEO Presents At Barclays Global Technology, Media And Telecommunications Conference (Transcript)

InterDigital, Inc. (IDCC)

Barclays Global Technology, Media and Telecommunications Conference Call

May 22, 2012 10:15 am ET

Executives

William J. Merritt – President and Chief Executive Officer

Analysts

Luke J. Labella – Barclays Capital, Inc.

Presentation



Luke J. Labella – Barclays Capital, Inc.

I think we’re good. Good morning, everyone. My name is Luke Labella. I’m part of the Comm Equipment team here at Barclays. And we’re delighted to have InterDigital with us today.

We have the CEO, Bill Merritt, here, who’s going to speak for about 25 minutes, and then we will move to a bit of a Q&A. And I believe, we have a breakout in Liberty Room 4. We’ll confirm that at the end.

But without further ado…

William J. Merritt

Thank you, and good morning, everyone. I’m Bill Merritt; I’m the President and CEO of InterDigital. I appreciate you all coming out to hear our story today. As you’d expect, the presentation today will include some forward-looking statements. So with regard to those statements, I would point you to our most recent filings with the SEC with regard to the statements on any risks and uncertainties associated therewith.

So let me give you first a high-level view of the company for those of you who don’t know us, right. We are a technology development and licensing company. We’ve been around for just about 40 years. Very much focused on the cellular industry and our inventions today are used in every cellular device that ships.

A little bit about our technology development is that, we don’t look at technologies that we’ll deploy in a year or two. Ever since the company was formed, we’ve always looked at what that next generation of technology would do. So back in the early – actually late 1970s, early 1980s, when the world was really an analog world, we predicted that the world would go digital in terms of cellular technology. And we made that investment and we made it right. We’ve bet on TDMA technology, and ultimately that technology got embedded in both the U.S. standards and the European standards.

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