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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 177.74-2.3%3:59 PM EST
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To: rkral who wrote (81140)10/16/2008 9:47:38 PM
From: JohnG1 Recommendation  Read Replies (3) of 197139
 
""from the time of April 7th until we reached the agreement when Qualcomm was not accepting any of our payments towards them.""

So, it appears that the 2.29 billion may well largely exclude provisions NOK made for royalties since April 7, 2007 AND which QCOM refused to accept. Such provisions were likely provided for in NOK's intervening financial statements and were thus not indicated in the most recent financial statement.
Presumably such escerolled amounts would be provided QCOM in a separate check and be indicated as royalty income--possibly in the Sept 30, 2008 statement. But, possibly not depending upon when the contract was executed.

What this may mean is that there is an additional thusfar unmentioned payment out there coming to QCOM for back royalties. It is entirely possible that the royalty rates for back royalties and forward royalties are different. Often past royalties are negotiated down.
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