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

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To: slacker711 who wrote (68743)	9/13/2007 8:33:05 AM
From: slacker711	Read Replies (1) of 197390

I think it is safe to say that Verizon will still be paying Broadcom.... investor.verizon.com Tim Luke - Lehman Brothers - Analyst Thank you so much. Just a couple of clarifications and a question. If there was a presidential veto put in place that would not affect the current deal, would that be correct? That would be the clarification. And then just as a question, I was wondering if you had any broader comments on how you, as a major player in the industry, view these IP disputes and I was wondering how you had moved to the $6 fee per phone. That seemed quite a high rate per device, but any color there? Lowell McAdam - Verizon Wireless - President, CEO The first one, Tim, on the presidential veto, again that is for one patent and we view that as it might be a bit of a delaying tactic, but the problem would still being on our doorstep very quickly again because of some of the other cases that are in the public domain on the Santa Ana that have been communicated in Santa Ana and then there are other patents coming down. So no, this is a broader more all-encompassing agreement that takes the uncertainty out of us for the foreseeable future. And so one veto on one patent does not impact this.

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