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

QCOM 159.42

-1.2%

Jan 16 3:59 PM EST

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To: quartersawyer who wrote (79241)	7/27/2008 10:38:14 AM
From: Qstick	Read Replies (1) of 197281

How long the debtor has to pay you back??? How so? Nokia hammered out a large overpayment, if you will, of current obligations. Included in the complex negotiation and agreement (finally) for a large upfront payment of cash, were: -satisfaction of prior royalties owed (imho); upfront license fees for all flavors of the wonderful sauce; purchase of discount of future royalties due for 15 years; and, a reduction for value of patents available for the Q to use, including defensive patents as noted by Rosenburg. Evidently the amortization of certain parts of this upfront payment of cash (balance being carried as a deferred intangible asset), is perplexing to Bill Keitel; therefore the statement by him of a $.07 to $.13 range of impact in the FY4Q08 and varying amount for the following FY09. This impact depends on the analysis of how to handle soooooo much money in the accounting records. Nokia, OTOH, likely figured out some way to get this messy little matter out of the minds of Mr. Market. E.g., Wachovia reports in the 2Q08 a $9B+ loss; does anyone really believe that this sizable loss occurred in the quarter reported? Nokia has plenty of cash and their number one priority was to lower royalties paid to their arch enemy and also to be able to report to the World the same. This they accomplished...I have to have faith in Paul, Steve, and Bill they they abstracted an adequate amount of cash such that the discount fully values our patents. I hope for a special dividend too; with the Q's margins, there is absolutely no need to retain all of this cash and the cash coming down the pipe.

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