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To: Uncle Frank who wrote (28940)	7/26/2000 4:17:12 PM
From: tekboy	Read Replies (1) \| Respond to of 54805

JDSU Earnings, .14 Message 14112280 tekboy/Ares@herecomestheking.com

To: Uncle Frank who wrote (28940)	7/26/2000 4:18:33 PM
From: kumar	Respond to of 54805

<<existing licenses >> my feeling is that the "cut off date" to determine existing/new licenses is deliberately not yet explicitly stated, so as to have flexibility in negotiations. I would expect the "outside limit" to be the Spinco IPO date. cheers, kumar

To: Uncle Frank who wrote (28940)	7/26/2000 4:28:31 PM
From: shamsaee	Respond to of 54805

I don't think so due to two reasons.SPINCO is a separate entity and will cross license with GSM IPR and not get involved in royalty negotiations on qcoms behalf.Also Nok is not the only GSM patent holder as there are 17 companies involved in the gsm pooling of patents and therefore it is not up to NOK if spinco gets a cross license. I also think that qcom will keep enough patents to keep its royalty position solid and give spinco minimum essential patents that alows them to cross license for wcdma. I am sure all these possibilities have been discussed at q and have faith in their execution.

To: Uncle Frank who wrote (28940)	7/26/2000 6:38:22 PM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

Frank, I'm not waiting to see if you've already got 20 responses. Sorry, everyone. :) If NOK signed up for 3G now, would they avoid having to deal with spinco later on? Yes and no. Spinco is a fully operational wholly owned subsidiary as we speak with its new CEO at the helm. The only difference between Spinco now and post-IPO Spinco is that 90% of it will be owned by Qualcomm instead of 100% of it. That changes about a year from now when shares get transferred to current Qualcomm shareholders, leaving Qualcomm at most a minority position in Spinco. My point is that it will be easier to negotiate a 3G deal during the next year or so while Qualcomm owns a controlling interest in Spinco than later. As a similar example in reverse, remember that Qualcomm's licensing agreement is not with Unicom; it's with Unicom's parent company. I think the ability to motivate companies to sign 3G licenses now is part of the reason Qualcomm is waiting a year to distribute the shares not sold to the public. It creates a certain sense of urgency for the companies that have not signed 3G licenses. --Mike Buckley