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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: JustLearning who wrote (48751)11/9/2001 1:12:17 PM
From: Mike Buckley   of 54805
 
JL,

I think Thornley wanted to wait as long as possible for visibility of growth in chip/royalty business, before implementing the changes. ... I interpret this to mean that Thornley is now confident that chip/royalty revenues are going to take off and make up for the lost revenue in licensing (due to the recognition being spread over 6 years).

I don't know the details of SAB 101, but my impression is that it was required to implement it no later than now. Otherwise, why implement a change in accounting in the last quarter of the fiscal year? My point is that Qualcomm implemented it now because it's required to do so, not because of any particular new sense of confidence in chip/royalty revenues.

--Mike Buckley
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