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

To: ggamer who wrote (59762)	2/5/2007 1:34:54 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 197384

what would be the true value of QCOM based on the latest earnings Taking into account both trailing 12 months earnings and conservative forecasts for the current fiscal year, I believe the shares would be fully valued in the current market at $76, or about double their actual value. This is based not only on the earnings record and forecasts but on (1) cash on hand, (2) intrinsic value of the patents, (3) a price to book value, which would normally be about double the actual value for technology stocks, (4) no debt, and (5) quality of engineering staff and management. Art

To: ggamer who wrote (59762)	2/7/2007 2:24:44 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 197384

GG, at the deadline, QCOM will be in breach if they continue to use Nokia patents without agreement. Nokia will be in breach if they do so. It sounds as though the old "unclean hands" business will swing into play and for QCOM to sue Nokia for treble damages, injunctions and the like, QCOM will have to have clean hands. Which means there will be BIG news. QCOM will stop selling ASICs and software which are using Nokia's patents. That's big news. If QCOM is right, then the triple damages against Nokia will more than make up for the loss of business that QCOM suffers. Companies using QCOM's technology which is in breach of Nokia patents will have to start using competitor products or shut down those particular product lines, which probably won't be a particularly big deal for them. That's my guess, but it would be interesting to see what legal opinion is on the matter. If QCOM continues using Nokia's technology, then it would imply that QCOM is happy with a straight royalty-free swap of intellectual property, and QCOM would be the big loser as Nokia would continue using QCOM technology without having to pay any money at all, which would be excellent for Nokia. Nokia would hope that QUALCOMM would agree to such a deal, even if accidentally. QUALCOMM had better make sure the transition to no Nokia technology is managed correctly. Even one day in breach would cause dirty hands and could sink QUALCOMM's case. Mqurice