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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.50-1.8%3:31 PM EST

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To: Stock Farmer who wrote (125737)11/28/2002 12:51:53 PM
From: Clarksterh  Read Replies (2) of 152472
 
I seem to recall that Qualcomm's license agreements are for a 7 year term.

Well, that would be a problem with your recollection and not with Qualcomm. I have never seen any hint that Qualcomm's licenses are for limited duration. In fact in at least one of the conference calls around the time of the Ericsson deal they actually talked about the deals lasting past the expiration of some of their key patents. But of course my recollection could be bad so let me trot out at least two other pieces of evidence:

1) Why are 'licensing revenues' slowly dying out if they are having to re-up every 7 years.

2) In the one, and only one, copy of the licensing agreement that came public there was no evidence of limited duration:
Message 13705825

I'd request that you come up with at least one source for the 7 year duration.

Today, Qualcomm emerges as an undisputed winner because of a handful of matchless patents. The majority of which expire in the next few years.

Well, I agree that this is true - they start expiring in the later half of this decade. And their newer patents aren't as phenominal on an individual basis. But first, that event is at least 5 years off, and per my argument above I would expect it won't make much immediate difference.

Clark
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