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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: The_Net who wrote (102334)5/27/2011 5:27:18 PM
From: waitwatchwander11 Recommendations  Read Replies (1) of 197281
 
I tallied up about $1.8B in operating losses over the life of MediaFLO and believe another $1B was spent on infrastructure. In addition to that they booked $439M in MediaFLO reorg costs over the last 6 months and spent ~$550M on extra spectrum during the last wireless auctions. The original pioneer licence spectrum was the cheapest part being valued at ~$25M upon FCC transfer.

It is hard to say how much can be recovered from MediaFLO infrastructure assets. I suspect the equipment is specialized to over-the-air digital broadcast only. Whether it could be used for such functions with another protocol (ie digital ATSC) is beyond my understanding. It certainly wouldn't be useful (as currently configured) within an LTE upload/download system. Reorg cost may reflect some asset write-down costs. I expect it also includes such things as cancelled leases, tower rentals, service and satellite contracts. They also bought Digital Fountain with aspirations of enhancing MediaFLO. I can't remember if there was a price assigned to that acquisition.

The total of the above expenditures is ~$3.8B. They will get $1.9B if and when the AT&T deal closes.
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