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

To: rkral who wrote (32301)	2/13/2003 9:36:33 AM
From: slacker711	Read Replies (2) \| Respond to of 196546

But the current quarter royalties do not apply to the current quarter handset shipments, IMHO. Specifically, for F1Q03, the $212 million royalties do not apply to 27 million handsets. It might apply to a 18 million handset (a WAG) estimate made for 2 quarters back, for example. In short, we don't know the time lag between handset shipments and a "reasonable estimate of royalties" for those handsets. FWIW.....my understanding is that Qualcomm does base their royalties on their estimate for handset shipments during the current quarter. This estimate is based on their MSM shipments over the last quarter or two combined with their estimated marketshare. The ASP is based on the royalty reports from the last quarter. They then adjust this amount based on the actual accrual vs. the estimated amount for the last quarter. I assume that this has always been a positive number.... Slacker