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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 147.19-3.6%3:59 PM EST
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To: slacker711 who wrote (56590)11/2/2006 9:42:37 PM
From: carranza2  Read Replies (2) of 197498
 
Thanks, slacker, from those of us who were unable to listen.

The high points, from my viewpoint:

we discovered that Broadcom had engaged in a successful multi-year effort to improperly acquire thousands of pages of our confidential business and technical information, including source code related to our WCDMA chip development.

Sleazy bastards.

Although we regularly meet with Nokia to discuss the terms of such an extension, given, among other things, Nokia's recent public statements and the little progress we have made to date, our negotiating team is not optimistic that we will conclude the extension by April 2007.

Looks like we're going to the mattresses.

I don't understand it.

Well, I do. Nokia feels rich enough and strong enough to thumb its nose at Q.

Jacobs seems to delight in needling Nokia with his statements about how Q's licensing program leads to lower handset prices. He really rubbed it in with this point, which must have made Finnish blood boil:

Thank you. We are also heartened by the price competition that is happening, and in particular this Huawei phone that I talked about earlier is coming in at a significantly lower price that allows WCDMA phones to enter a different tier in the pricing. So we hope to see that as a significant driver of volume as well.

He's of course refering to VOD and its branded WCDMA phone from Huawei.

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