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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: engineer who wrote (109575)12/16/2001 10:51:38 PM
From: S100  Read Replies (2) | Respond to of 152472
 
Lower numbers were given in the CCs in response to questions. Costs are up due in part to the large number of ASICs in development. My numbers in the previous post were best guess SWAGs. Good data points welcome.
Are MSM prices going up? Footnotes seem to indicate so, is pcstel wrong?
From the 10K at free edgar

QCT

2001 revenue 1,364,687, ebt 305,546 = > 22 percent
2000 revenue 1,238,702, ebt 391,519 = > 31.6 percent
1999 revenue 1,133,422 ebt 427,994 = > 37.8 percent

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QCT segment revenues for fiscal 2001 were $1,365 million compared to $1,239 million fiscal 2000. Earnings before taxes for fiscal 2001 were $306 million compared to $392 million for fiscal 2000. Revenues increased due to higher unit shipments and average selling prices of MSM integrated circuits and higher shipments of CSM infrastructure integrated circuit voice channels to wireless communications manufacturers. The decrease in earnings before taxes was primarily due to increased research and development, as well as increased general, administrative, selling and marketing expenses. The increased research and development is primarily associated with new integrated circuit product and technology initiatives to support high-speed wireless Internet access and multi-band, multimode, multi-network, products including cdmaOne, CDMA2000 1X/1xEV-DO, GSM/ GPRS, WCDMA and position location technologies, as well as increased advertising expenses for these products. Approximately 58 million MSM integrated circuits were sold during fiscal 2001, compared to approximately 52 million for fiscal 2000. Approximately nine million CSM infrastructure integrated circuits equivalent voice channels were sold during fiscal 2001, compared to approximately two million for fiscal 2000.
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Seems to be more base stations built.

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A significant portion of the Company’s revenues are concentrated with a limited number of customers as the worldwide market for wireless telephone systems and products is dominated by a small number of large corporations and government agencies. During fiscal 2001, sales to two South Korean customers and one Japanese customer by the QCT, QTL and other nonreportable segments (Note 12) comprised 37% of consolidated revenues. During fiscal 2000 and 1999, sales to one South Korean customer by the QCT and QTL segments comprised 11% and 9% of consolidated revenues, respectively. During fiscal 2001, 2000 and 1999, revenues from Globalstar (Note 4) accounted for 1%, 7% and 11% of consolidated revenues, respectively. At September 30, 2001, accounts receivable from two South Korean customers comprised 25% of net receivables. Revenues from international customers were approximately 65%, 47% and 38% of total revenues in fiscal 2001, 2000 and 1999, respectively.
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