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

QCOM 137.34

+0.8%

Feb 6 9:30 AM EST

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To: Stock Farmer who wrote (81165)	10/17/2008 5:19:06 PM
From: rkral	Read Replies (1) of 197629

After perusing a transcript of the fiscal Q3 earnings conference call on 7/24/08 ... I agree with your analysis. However, the numbers could use some refinement. The term of the agreement is actually "from April 2007 through the end of 2022" -- 57 months rather than 60. Amortization would be for 5 quarters of "catch-up" plus the current quarter for a total of 6 quarters -- Apr 07 thru Sep 08 -- rather than your 5 quarters. With an up-front payment of $2.3B and 1.7B shares, that's 0.14 per share of amortization. Apply typical gross margin and tax rates to that ... and you end up with about 0.10 per share.

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