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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 164.53-0.4%3:59 PM EST

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To: David E. Taylor who wrote (79280)7/28/2008 10:40:56 AM
From: scratchmyback  Read Replies (4) of 197208
 
<<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.>>

If Nokia is going to pay a one-time payment of $2 to $3.5 billion, we will know it by October 16, when Nokia releases its third quarter results. I don't want to speculate on the way Qualcomm handles the up-front payment, but I don't see any other alternative for Nokia than to book it as a one time item for the third quarter. And then we'll know.
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