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

To: mindykoeppel who wrote (59044)	1/25/2007 12:30:24 PM
From: Harvey Rosenkrantz	Read Replies (2) \| Respond to of 197352

I have copied below a paragraph from Steve Altman's discussion of what is transpiring with Nokia. It is clear that one option they have is to extend the existing contract. This implies to me a continuing royalty stream under the same conditions as the existing contract. If they do not come to an agreement and Nokia does not exercise its extension option, then there would be a problem. "Let me turn now to the status of our discussions with Nokia regarding extending their CDMA agreement by April 9, 2007. Although we have had discussions with them during the quarter, we have not made any significant progress and continue to feel it is unlikely that we will conclude such an extension by the April deadline. In July 2001, we entered into an extension with Nokia. Under that 2001 extension, Nokia agreed to pay royalties on WCDMA at the same rate as they pay CDMA2000. They also insisted upon and received an option to extend that 2001 agreement beyond 2007. If Nokia does not exercise its options by the April deadline, then we will have a 140 companies licensed under our intellectual property and paying us royalties, and we will have one company, Nokia that is unlicensed and infringing. Nokia will need a license under our patents in order to participate long-term in the CDMA market."

To: mindykoeppel who wrote (59044)	1/25/2007 1:22:31 PM
From: Q8tfreebe	Read Replies (1) \| Respond to of 197352

"We were kept in the dark that Nokia can get away without paying royalties from april 2007 till some time in 2008" Not true. QCOM stated that they will seek injuctions in a number of jurisdictions to block Nok from selling any CDMA based product if they don't renew in April 07. What Keitel was referring to was an option in the current agreement which allows Nok to renew a the same royalty rate until Dec 08.

To: mindykoeppel who wrote (59044)	1/25/2007 5:13:23 PM
From: mindykoeppel	Read Replies (1) \| Respond to of 197352

So the statement of NOKIA having until DEC 2008 to renew the license at the same terms was made at the London conference on Nov. 13, 2006. I believe the statement that Qcom had NOT continued with its stock buy back in that past quarter because of info that was not public might - which was stated in the Nov. 2, 2006 earnings cc - might have meant the BAD news that Altman dropped at the London Conference a week later. Maybe it was this bad news and NOT good news that was the reason that Q did not continue with stock buyback. At this latest CC yesterday, Jan. 24th, they did say that even though the stock was UNDERVALUED, Q did not continue with the the stock buy back program with the same silly reason. Whatever is in the NOKIA licensing agreement that was signed in 2001 STINKS! Somebody screwed up royally IMHO! The same screwup in allowing EDGE phones using CDMA with NO royalty all this time!