Some interesting tidbits from Q's SEC filing.....These are in no particular order. I just cut and pasted any quotes that caught my eye. Motorola seems to get a cut of total royalties....Ericsson is complaining about the price of the infrastructure division.
freeedgar.com
QCT currently utilizes several leading independent semiconductor foundries, including IBM, Intel, Philips, Texas Instruments, TSMC and others, to
manufacture all of its semiconductor products.
Motorola is entitled, subject to the terms of its license agreement, to share in a percentage of third-party
royalties paid by licensees to the Company.
In fiscal 1999, three CDMA chipset customers accounted for
approximately 50% of the segment's revenues. The loss of any significant existing customer or failure to gain additional customers could have a material
adverse effect on our results of operations, liquidity and financial position
Our sales to Globalstar accounted for 46% of the Wireless System segment revenue in 1999.
As of September 30, 1999, our receivables from Globalstar were approximately $520 million.
During fiscal 1999, approximately 36% of QCT's chipset purchases (in dollars) were from one supplier.
QUALCOMM has received notice from Ericsson that Ericsson intends to dispute
the determination of the purchase price under the Asset Purchase Agreement dated
as of March 24, 1999, as amended (the "Agreement"), pursuant to which Ericsson
acquired certain assets related to the Company's terrestrial wireless
infrastructure business in May 1999. QUALCOMM has also received notice from
Ericsson that Ericsson intends to assert claims for indemnification under the
Agreement. QUALCOMM and Ericsson are having on-going discussions aimed at
potentially resolving these claims.
On November 10, 1999 QUALCOMM entered into an agreement with Korea Telecom
Freetel ("KT Freetel") pursuant to which QUALCOMM agreed to invest approximately
$200 million in KT Freetel to purchase 1.95% of KT Freetel's common stock and
zero coupon bonds of KT Freetel with warrants to purchase additional common
shares. KT Freetel has agreed to commercially deploy HDR technology, subject to
the successful completion of technical and marketing trials. If KT Freetel meets
certain obligations related to HDR technology, QUALCOMM is required to purchase the shares underlying the warrants, for which the bond could be used as payment
in full.
|
