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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 180.21-1.2%Jan 7 3:59 PM EST
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To: JohnG who wrote (81149)10/17/2008 10:46:55 AM
From: pyslent1 Recommendation   of 197115
 
What this may mean is that there is an additional thusfar unmentioned payment out there coming to QCOM for back royalties.

I did not reach the same conclusion from Simonson's words. I thought they unambiguously said that, of the 1.7 Euro payment, a portion of that is attributable to back royalties, with the remainder (the "bulk") treated as pre-payment for future royalties (and expensed over the lifetime of the contract).

The bulk of the payment, the reason I say the bulk is remember that some of the payment goes to the historical amount that was due from the time of April 7th until we reached the agreement when Qualcomm was not accepting any of our payments towards them.
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