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%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: kelseysuncle who wrote (79266)	7/28/2008 9:06:27 AM
From: David E. Taylor	Read Replies (4) of 197214

It seems pretty clear from Keitel's comments that the catch up for 6 quarters of non-payment of royalties by NOK will be accounted for by the Q4 EPS boost of $0.07 to $0.13. They may change their minds on this as they figure out how to handle the upfront payment, and we may well see some revised Q4 2008 and FY 2009 guidance when they do. I think Slacker's 38% tax rate for royalty payments is more appropriate than the 19% I originally used, and that boosts the upfront payment I estimated to the $2 to $3.5 billion range. I'm gonna leave this alone now until I see some updated guidance from QCOM, or the Q4 earnings release. Once we get a better idea of how QCOM is going to amortize out the upfront payment, there will be less assumption/guesstimating of the total payment and its future impact on EPS. Thanks to all the people who commented on my original post on this subject, I was expecting some useful critique, and that's why I posted it in the first place! David

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next