InterDigital Announces $100M Stock Repurchase Authorization

InterDigital, Inc.

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