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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: David E. Taylor who wrote (81107)	10/16/2008 10:28:19 AM
From: Jim Mullens	1 Recommendation Read Replies (1) of 197283

David, Re: NOK settlement / catch-up royalties, and “ Now it's changed a bit since the payment will be received in QCOM's FY2009 Q1. For the same reason, they won't book the entire 6Q's past royalties due into Q1 FY2009, and they may not bother with booking a partial catch up payment for the 6Q worth of past royalties due into Q1 FY2009 at all, but just amortize the entire amount over 15 years.” My guess is that Keitel will book the unpaid past due royalties for FY08 in Q4FY08 as an accrual, regardless of the fact that the actual payment is to be received in Q1FY09. For YoY revenue / EPS comparisons it would be advantageous to book the past due amount in FY09, but I don’t believe that would be “kosher” from and accounting standpoint. (JMO- as a non-accountant)

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