Qualcomm Moderated Thread - please read rules before posting Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

QCOM 164.53

-0.4%

Jan 14 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: kelseysuncle who wrote (79220)	7/26/2008 12:38:02 AM
From: David E. Taylor	Read Replies (2) of 197214

They could go back and amend the 6 affected quarters but I don't think they have to, they can just throw it all in Q4 2008 and get up to date that way. QCOM did issue guidance for FY 2008 along with Q4 guidance, it's on the web site. Pro forma revenues for FY2008 $10.3 to $10.5 billion and EPS $2.11 to $2.13, before adding in the $0.07 to $0.13 benefit of the NOK settlement. I did not know there were only 4 quarters affected by NOK missing payments. While that may be true, Keitel said that they were going to amortize the upfront cash payment from when NOK stopped paying in April 2007 all the way to Dec 2022, and that starting in Q1 2009, there will be a resumption of royalty payments as well on top of that. That's why I used 6 quarters for the "catch up" royalties to be booked into Q4 2008, April 2007 through September 30 2008. Using 4 instead of 6 will change the numbers but not the overall conclusions. David

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next