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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (22460)	5/10/2002 2:49:31 AM
From: Maurice Winn	Respond to of 196986

<Um ... I think it comes out to $2.5 billion. (But, your point is still valid). Jon. (math police) > Jon, you are fired as Chief Sier Math's Police. $2 billion was, like the other figures, to one significant figure in accuracy. That's because: $100 a phone is very approximate - it's probably going to be $150 or even $200. Royalty is somewhere between 4.5% and 5.5% depending on who we believe [or 7% if the phones come from China], so 5% was just an approximation. The number of phones sold might be only 200 million or maybe 1 billion depending on when we stop counting. 500 million was another guess. That should take us through to 2010. So, it's only $2 billion rather than $2.5 billion. That'll allow for a bit of taxation as rounding error. It's not mathematically cool to get lots of significant figures from approximate numbers. But it's a common mistake. More common even than apostrophical mutilations. Mq It's Chief Math's Pedant