InterDigital, Inc. (IDCC)
June 18, 2012, 15:00 p.m. ET
Janet Point - IR
Bill Merritt - President and CEO
Scott McQuilkin - Senior EVP, Strategy and Finance
Jonathon Skeels - Davenport & Company
Ron Shuttleworth - M Partners
Charlie Anderson - Dougherty & Company LLC
Eugene Fox - Cardinal Capital Markets
Mike Swartz - SunTrust Robinson Humphrey
George Prince - RBC
Nicholas Rodelli - CFRA Research
Good day and welcome to the InterDigital Investor Conference Call. Today’s conference is being recorded. At this time I’d like to turn the conference over to Janet Point. Please go ahead.
All right. Thank you, Brett and good afternoon everyone, and welcome to InterDigital’s investor conference call to address our recently announced $375 million sale of patent assets to Intel. With me this afternoon are Bill Merritt, our President and CEO; and Scott McQuilkin, our Senior Executive Vice President of Finance and Strategy.
Before I begin our remarks I will need to remind you that in this call we will make forward-looking statements regarding our current beliefs and plans and expectation which are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results and events to differ materially from results and events contemplated by such forward-looking statements.
These risks and uncertainties include those set forth in our two press releases published earlier today as well as those detailed in our Annual Report on Form 10-K for the year ended December 31, 2011, and from time to time in our other filings with the Securities and Exchange Commission. These forward-looking statements are made only as of to-date hereof and acceptance required by law we undertake no obligation to update or revise any of them whether as a result of new information, future events or otherwise. Today’s press releases have been posted in the press center of our website at InterDigital.com.