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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 155.82

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Jan 23 4:00 PM EST

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To: waitwatchwander who wrote (61670)	3/29/2007 2:06:23 PM
From: Jim Mullens	Read Replies (2) of 197341

NS, re: NOK 2008 option and “My understanding was the option could be exercised at any time and once exercised the current contract was extended to the end of 2008.” That’s not my read. My understanding is that the option, at NOK’s request, can be invoked at any time up to the end of 2008. The option invokes the same terms as in the current license, those terms including the same royalty rate. However, according to Paul’s statement (London Day), the signing of the option extends the terms of the 2001 license much further than 2008 ye. PAUL JACOBS, CEO, QUALCOMM If I could interject, there seems maybe to be some confusion, too. The 2008 date is the date by which they have to elect whether or not to exercise the extension. If they do elect to exercise the extension, it actually extends the agreement for a considerable period of time, well beyond 2008. So it can't be used as a means to simply delay the action. If, in fact, they make this election, it

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