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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 155.82-1.3%Jan 23 9:30 AM EST
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To: mindykoeppel who wrote (59044)1/25/2007 12:30:24 PM
From: Harvey Rosenkrantz  Read Replies (2) of 197351
 
I have copied below a paragraph from Steve Altman's discussion of
what is transpiring with Nokia. It is clear that one option they have is to extend the existing contract. This implies to me a continuing royalty stream under the same conditions as the existing contract. If they do not come to an agreement and Nokia does not exercise its extension option, then there would be a problem.

"Let me turn now to the status of our discussions with Nokia regarding extending their CDMA agreement by April 9, 2007. Although we have had discussions with them during the quarter, we have not made any significant progress and continue to feel it is unlikely that we will conclude such an extension by the April deadline. In July 2001, we entered into an extension with Nokia. Under that 2001 extension, Nokia agreed to pay royalties on WCDMA at the same rate as they pay CDMA2000. They also insisted upon and received an option to extend that 2001 agreement beyond 2007. If Nokia does not exercise its options by the April deadline, then we will have a 140 companies licensed under our intellectual property and paying us royalties, and we will have one company, Nokia that is unlicensed and infringing. Nokia will need a license under our patents in order to participate long-term in the CDMA market."
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