QUALCOMM's products [copied from Coming Into Buy Range]:
John, 100 million devices per year to Europe x $200 x 7% = $1.4 billion per year
That's a 90% profit line = $1.2 billion per year
Add the ASICs at $20 each and only 50% profit = $1 billion per year.
So, with just the ASICs and device royalties for 100 million devices from China with 800 million shares [more options to be issued]
= $3 per share profit
With a P:E of 20, that's worth $60 a share [when the sales are going at that rate in a few years, so do some discounting - but not too much with interest rates as low as they are].
Then, add on:
Sales of ASICs inside China [1 billion people buying ASICs but paying not much royalty].
Sales of ASICs to the other 4 billion people not in Europe or China.
Royalties from licensees who get the ASIC customers QUALCOMM doesn't.
Royalties from Korean and other subscriber device licensees.
Infrastructure royalties.
Eudora sales and advertizing revenue.
gpsOne and SnapTrack sales.
Wireless Business Solutions - Fleet Management qualcomm.com
OmniTRACS, OmniExpress, OmniOne, TruckMAIL, FleetAdvisor, MVPc, SensorTRACSs, ViaWeb, TrailerTRACS, CabCARD, JTRACSPro
eQCOM sales [LINQ, etc] eq-com.com
Wireless Knowledge sales wirelessknowledge.com
Wingcast sales wingcast.com
BREW sales qualcomm.com
Graviton: sales to Graviton graviton.com
and a share of profits from Graviton graviton.com
PayPal dividends/market capitalisation gains
NetZero, ahem, profits? Ugly graph: siliconinvestor.com but things are looking up siliconinvestor.com
NextWave profits [and loan recovery]
Leap Wireless profits and market cap gains. leapwireless.com
Pegaso isn't all bad now.
Vesper needs sorting out, but might make a bundle.
SkyBridge LP profits and sales qualcomm.com
Openwave profits openwave.com
PacketVideo profits packetvideo.com
InViso sales edgereview.com hmm, no link to the Inviso site. But it's still in the QUALCOMM site qualcomm.com
Handspring profits handspring.com [and sales to them]
Technicolor Digital Cinema
Condor
RadioOne
PureVoice
Colour LCD drivers
MP3 decoder
DAC stereo audio
MIDI synthesizer
MPEG4 decoder
Bluetooth sales
AirFiber profits airfiber.com
RF Micro Devices profits, Inc rfmd.com
Ignition profits ignitionpartners.com
ideaEDGE profits ideaedge.com
Gotta go.... more to come...
Add those in too!
Later...
Globalstar isn't in that list and that'll be a huge profit stream. |
