SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 155.44-2.5%1:04 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Stock Farmer who wrote (114846)3/1/2002 1:12:33 PM
From: slacker711  Read Replies (1) of 152472
 
Part of that is supported by the fact that QCT revenues were essentially flat 1Q '99 to 1Q '01 (up about 2%) from 352 to 359 M$.

However, if the thesis "CDMA = Qualcomm revenue, one way or another" is true, then wouldn't we expect to see QTL licensing jump?

But it only went up by 20% over that period, from 178 to 211 M$

I'm not following your numbers very well. Do you mean 1Q '00 to 1Q '02? I am using fiscal years.....

Here are the numbers that I have for that period


            QCT    QTL
1Q '00      352m   184m
1Q '02      359m   211m


A 15% increase in QTL's revenues during the period. The QTL revenue was effected by an approximately 10% drop in ASP's.

qualcomm.com

So I suspect that the licensing terms aren't really a flat percent of sales. I suspect it's a tiered structure with other nonlinearities built in.

JMO....but if you do reach this conclusion, I would probably stop doing further research on Qualcomm. The only way this is true is if Q's management has blatantly misled (and probably lied) to it's investors. No reason to invest in a company if you believe that management lied on such an incredibally important issue.

Slacker
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News