InterDigital, Inc. IDCC today announced that its board of directors
has authorized a new $100 million stock repurchase program. The company
recently completed its share repurchase program under the prior $100 million
authorization.
“We remain very confident in our ability to create value,” stated William J.
Merritt, President and Chief Executive Officer. “In addition to our strong
balance sheet, we expect to generate positive free cash flow in 2012 and
future periods. Given our financial strength, we have the capacity to make
investments in our core research and development and to look for new
technology acquisition opportunities that are expected to drive future
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