InterDigital Cuts Staff

InterDigital Communications announces repositioning -- lays off 25 employees in Pennsylvania and New York, closes its Munich office

April 19, 2004

2 Min Read

KING OF PRUSSIA, Pa. -- InterDigital Communications Corporation (Nasdaq:IDCC), a leading architect, designer and provider of wireless technology and product platforms, today announced an internal corporate repositioning to sharpen the Company's focus on technology opportunities closely aligned to its core competencies as an innovator of wireless technologies. This repositioning will simultaneously enhance operational efficiency. As part of this repositioning, the Company has reduced its global employee work force by approximately 8%, or 25 employees.

"Our strategic focus has always been centered on the creation and monetization of highly valuable technology and intellectual property (IPR) that drives innovation in the wireless industry. To strengthen that focus and ensure that we are increasingly efficient as a developer of fundamental wireless technology, we are making operational adjustments to our workforce and increasing the relative mix of people dedicated to IPR-rich technology development. We are also reducing our internal investment in the development of technology elements that have little or no opportunity to differentiate us through the incorporation of inventive content," said Howard Goldberg, President and Chief Executive Officer.

"This adjustment in strategic emphasis reflects our ongoing commitment to position InterDigital for long-term value creation. We are now more intensely focused on our differentiated ability to conceptualize and invent new wireless technology solutions, develop those technologies for commercial application and license them to equipment producers worldwide. We expect our technology development programs to continue to enable product options which we will bring into the marketplace for specific customers and partners. As we focus our development activities, we are making necessary changes to the mix of skills in our internal engineering team. In making those changes, we are fully preserving our ability to respond to targeted opportunities to develop technology and wireless component products and serve as a value-added partner to equipment producers," he concluded.

The work force reduction affects primarily software and implementation design engineers in the King of Prussia, Pennsylvania and Melville, New York facilities. As part of the operational improvement, the Company will close its Munich, Germany office.

InterDigital Communications Corp.

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