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

QCOM 159.42

-1.2%

Jan 16 9:30 AM EST

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To: David E. Taylor who wrote (79207)	7/25/2008 10:54:48 PM
From: kelseysuncle	Read Replies (1) of 197244

David: Thanks for the great analysis. I just read through the cc transcript and two things kind of jumped out at me. First, one of the questioners asked about restating past earnings to reflect the missing Nokia payments and then continued on with further questions. Keitel did not respond to the first part re: restatement but rather concentrated on the rest of the questions. What occurred to me is: Doesn't QCOM have to go back and amend statements for the quarters affected? Second, I may have missed it during this really busy week but I can't recall having seen anything from QCOM re: guidance on revised FY08 numbers. They have guided +7-13 cents for Q4 FY08 but not the effects on the full year. Did I miss something? Finally, a minor quibble. Because of the way royalty revenues are recognized there are only 4 quarters that were affected by Nokia's missing payments, Q4 FY07, Q1, Q2 and Q3 FY08. Your analysis repeatedly mentions 6 quarters. Might this change have any affect on your assumptions/conclusions? Thanks in advance. ku

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