We did not expect revenue from Siemens in 1999, since the company was not making further cash contributions for B-CDMA technology and product development, and we expected Siemens to contribute only a modest level of royalties from wireless local loop system sales in 2000.
Doyle indicated that the company intends to continue to support its other partners, Alcatel and Samsung, to capture value from B-CDMA technology and products.
InterDigital's work in developing B-CDMA technology has enabled the company to build a significant inventory of know-how and patents related to wideband CDMA technology.
This press release contains forward looking statements regarding InterDigital's current beliefs and expectations as to future revenues, earnings and cash position, InterDigital and Siemens defining the process for Siemens' withdrawal, the impact of this event on revenues, the Company's ability to diversify into mobile markets, its ability to continue working with other B-CDMA Alliance(TM) partners and capture value from B-CDMA(TM) technology and products, and anticipated payments from Nokia and from existing patent licensees.
We are continuing to improve the performance of our B-CDMA technology.
and Alcatel, is commercializing its new B-CDMA technology for use in wireless communication systems and products.
This press release contains forward looking statements reflecting InterDigital's current beliefs and expectations as to its 1998 fourth quarter and year-end revenue and earnings per share; cash position; anticipated licensing and alliance revenue, including sources and timing of payments; development of and performance of B-CDMA technology, anticipated attributes of second version of the B-CDMA ASIC; and 1999 objectives.
Siemens is conducting field trials of B-CDMA wireless local loop products and has successfully demonstrated ISDN rates with potential customers.
B-CDMA technology is InterDigital's version of a wideband CDMA technology.
B-CDMA technology is designed to deliver high speed Internet access, fax and data service; video on demand and multimedia applications plus high quality basic telecommunications services.
This is a major milestone in the introduction of B-CDMA technology to the wireless industry.