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MarketScreener Homepage  >  Equities  >  Nasdaq  >  InterDigital, Inc.    IDCC

INTERDIGITAL, INC.

(IDCC)
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InterDigital, Inc. : InterDigital Innovation Challenge Finalists Announced

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05/16/2012 | 04:35pm EDT

Teams will vie for $175,000 in awards; Winners to be announced at GigaOM's Mobilize conference in September

The finalists of the InterDigital Innovation Challenge (I2C), a student wireless engineering competition organized by InterDigital (NASDAQ: IDCC) and the California Institute for Telecommunications and Information Technology (Calit2) at the University of California, San Diego, were announced yesterday evening. The finalists - 11 teams from across the United States and Canada - will now progress through the competition and vie for $175,000 in total prize money.

The finalist announcement was made at the Commnexus Industry Leaders event highlighting InterDigital's technology. At the event, Naresh Soni, InterDigital's Chief Technology Officer, and James Nolan, Executive Vice President, Research & Development, discussed the LTE landscape and specific strategies for addressing content, bandwidth and spectrum issues before an audience of more than 100 engineers and technology executives.

The finalists of the InterDigital Innovation Challenge are:

  • Airshark - University of Wisconsin-Madison
  • AmbNet - Université Laval
  • Cognitive Power Management - UC Irvine
  • DataMiser - Rutgers University
  • Intelligent RF Sensor - Wright State University
  • Mobile 3D Video System - UC San Diego
  • Null Space Learning Algorithms - Stanford University
  • Signet Ring - Rutgers University
  • Ultrasonic Wireless Sensors - Columbia University
  • Wireless Imaging System - UC Berkeley
  • Wireless Media Express - University of Waterloo

"The InterDigital Innovation Challenge has been a tremendous success so far, with technically advanced submissions from a number of high-profile universities. All the teams in the competition distinguished themselves with the high technical level of their proposals, and the finalists represent the best of a very strong field," said Mr. Soni.

The teams now proceed to the incubation period of the competition, where they will make further submissions in support of their proposals in the form of code, analysis, simulations models, prototypes and/or platforms, as requested by the judging panel. Finalists will have until July 13, 2012 to complete their submissions. The winners of the InterDigital Innovation Challenge will be announced on September 21, 2012 at GigaOM's Mobilize conference in San Francisco.

About InterDigital®

InterDigital develops fundamental wireless technologies that are at the core of mobile devices, networks, and services worldwide. We solve many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital
Media Contact:
Patrick Van de Wille, +1 858-210-4814
patrick.vandewille@interdigital.com
or
Investor Contact:
Janet Point, +1 610-878-7800
janet.point@interdigital.com


© Business Wire 2012
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Financials (USD)
Sales 2019 291 M
EBIT 2019 8,32 M
Net income 2019 -1,98 M
Finance 2019 333 M
Yield 2019 -
P/E ratio 2019 -542x
P/E ratio 2020 29,3x
EV / Sales2019 4,53x
EV / Sales2020 3,95x
Capitalization 1 653 M
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Number of Analysts 6
Average target price 87,17  $
Last Close Price 53,11  $
Spread / Highest target 95,8%
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William J. Merritt President, Chief Executive Officer & Director
Stewart Douglas Hutcheson Chairman
Kai Öistämö Chief Operating Officer
Richard J. Brezski Chief Financial Officer & Treasurer
Henry Tirri Chief Technology Officer
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