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

To: Jim Mullens who wrote (32335)	2/13/2003 12:00:10 PM
From: rkral	Respond to of 196559

Jim, re "When I get the time I will do a spreadsheet with handset sales, MSM shipments and QTL revenue and EBT by quarter and offset the MSM shipments by a quarter to adjust for the lead time and see what relationships that presents." I have such a spreadsheet, Sep '00 thru Dec '02, in Excel format. I will be glad to e-mail it to you (and anyone else who wishes it). Just send me a PM .. including an e-mail address, if it's not already in your profile. Ron

To: Jim Mullens who wrote (32335)	2/13/2003 4:41:05 PM
From: rkral	Read Replies (1) \| Respond to of 196559

Jim, re "The royalties are less for CDMA handsets that include a Qualcomm chipset than they are for those that don’t include a Qualcomm chipset." I'm confused. Do you now understand the above to be true or false? re "the fact that there is a lead time of approximately one quarter of MSM shipments to handset sales." One quarter seems reasonable, but I am unaware that has been established as fact. re "Up until the last two quarters the MSM shipments have consistently fluctuated between 11 and 16 million per quarter." "11 million"? How far back are you going? re "I will also include in the spreadsheet QTL EBT$ per handset sales which is the more appropriate metric as Ron suggests." I was subtly implying the appropriate metric is royalty dollars per handset. I think slacker711 was also. Once the proper lags are modeled, a graph of this metric should be a flat line if ASPs are constant, a declining line is ASPs are declining. Then, if royalty per handset looks OK, look at EBT per handset. This topic is interesting and has been enlightening. Ron