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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: Harvey Rosenkrantz who wrote (59050)1/25/2007 1:43:41 PM
From: rkral  Read Replies (2) of 197351
 
>>>"If Nokia does not exercise its options by the April deadline, then we will have ..."<<< -- Steve Altman, F2007Q1 earnings CC

Mr. Altman's statement is a bit ambiguous. But since he did not explicitly say that the 'option to extend' expired April 2007, I think it's best to believe the earlier disclosure, which was clearly less ambiguous.

Specifically, the license agreement expires April 9, 2007 but the option -- to extend the present agreement with the same terms -- expires year-end 2008.

I don't recall anyone coming up with a plausible explanation of why Qualcomm might have agreed to such an option. I certainly don't have one.
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