Engineer, thanks for taking the time to share with us your thoughts and insights ending with something that should carrying great weight with us long term QCOMers >>>
“But I trust one person who I have trusted for many years with much of my personal net worth. I know that he has only one way to win. Go make the technically most excellent product and let it sell itself.”
These are trying times, like the earlier days preceding the spring of 1999, where what is unknown appears to completely overshadow what is known and where the lies take center stage over the facts.
You state “They (NOK) misfire regularly....” , indeed and it’s astounding to me that the Wall St geniuses (media / “analysts”) haven’t taken notice of this **fact** yet in their writings. They are winning the PR battle at present but talk is cheap and its action that counts in the long run.
Some NOK “misfires” of note
1. NOK boasted that they would not pay QCOM royalties after April 9, yet on April 5 they reverse course ( “misfire”) and pay make payment to the Q for UMTS rights.
biz.yahoo.com
Nokia Makes Payment to Qualcomm for Right to Use UMTS Patents After April 9, 2007
Thursday April 5, 3:30 am ET
Thanks to iml’s /Q8thfreeb’s recent posts I now feel I have a better understanding of the option extension issues and also feel NOK’s bluff will be called in Sept 07 when the royalty payment for handset sales thru Q207 is due. If not before, at that time NOK will follow precedent (reverse course /“misfire”) and pay up.
Summary of iml’s recent post >>>
1a. While the option extends until Dec 31st 2008, from a practical standpoint, the option extends until the September 2007 timeframe which is when Nokia would normally make its next license payment for royalties in arrears.
1b. If they don't make that payment in full, they are at risk for triple damages based on the actual amount due as well as loosing the option to renew the agreement under the present terms.
1c. I think there is a good chance this thing will get settled before the next payment due in September.
1d At the very least, I think Nokia will pay the full amount due in September in order to keep the option in play while they continue to try to negotiate a lower rate and otherwise generally try to destroy QCOM's business model.
1f.. it's Q's position that if NOK is in breach of the contract (i.e using Q's IP, but failing to pay royalties for the commensurate period), then NOK's rights under the option provision get extinguished.
Iml also makes several references to NOK’s 2001 license re: NOK IPR valuation.
“So, we're back to core argument we continually hear from NOK, that its IP is worth more today than in 2001, & therefore Q's is worth less.
Actually, again, NOK’s Qualcomm license reference Re: the relative value of IPR has been to the original 1992 license rather that the FACTUAL date of 2001, as apparently NOK’s Simonson would rather have the comparisons drawn to that date in their continuing acts of deception.
Other recent **MAJOR** “misfires” / course reversals / failures to follow thru on prior commitments / failures to walk the walk after talking the talk / smoke screens / deceptions perpetrated on the investment community originally “sold” as disrupting Qualcomm’s business model only to be dumped / scrapped a short time later.
>>>>>>>>>>>>
2. NOK3 (NOK/ TI/ STM) JV
Initiated>>>>
CDMA Smackdown
Nokia prepares to battle Qualcomm for control of the fastest-growing wireless standard. Again.
By Matthew Maier, May 27, 2003
business2.com
In its quest to remain the world's biggest manufacturer of mobile phones, Nokia (NOK) has recently stepped up efforts to establish itself as a leader in CDMA (for code division multiple access), the industry's fastest-growing mobile communication protocol. To that end, Nokia announced last week a partnership with Texas Instruments and Switzerland's STMicroelectronics, two of the world's largest semiconductor manufacturers, to develop new CDMA chipsets for use in upcoming Nokia handsets.
Dumped >>>>>>>
eetimes.com
Programs ST killed include a joint project with Texas Instruments to develop CDMA chip sets originally developed with Nokia. The plan, announced in May 2003, was to market the chip sets to handset manufacturers worldwide for cdma2000 1X and 1xEV-DV (1x evolution for data and voice) mobile Internet handsets. Geyres said, "We stopped our efforts because the CDMA chip set market, outside of Nokia, simply didn't exist."
3. NOK2 (NOK/ Sanyo) JV
Initiates >>>
press.nokia.com
Nokia and SANYO Announce Intent to Form a Global CDMA Mobile Phones Business
February 14, 2006
Resulting company aims to be the global leader in CDMA mobile phones
Snips>>>>
"Meeting and exceeding our customers' expectations is the key priority that drives Nokia every day," said Olli-Pekka Kallasvuo, President and Chief Operations Officer, Nokia. "We identified this new entity as the best way to create an attractive CDMA phone portfolio for our customers with the widest possible product offering at the high-end, mid-range and entry levels.
SANYO's President, Toshimasa Iue said,....." He added, "I am confident that integrating Nokia's strong brand with SANYO's ability to meet the markets needs will lead to the building of a very strong partnership in the CDMA industry."
Dumps / Scraps >>>
prnewswire.com
Nokia decides not to go forward with Sanyo CDMA partnership and plans broad restructuring of its CDMA business
June 22, 2006
Result of planned restructuring expected to have a positive impact on operating margins
Espoo, Finland - Nokia announced today that it will not be forming the new CDMA device company with SANYO it preliminarily announced on February 14, 2006. Nokia decided not to pursue its earlier plan as it concluded the terms and conditions of the proposed partnership were not satisfactory and in the best interests of Nokia's long term success. In addition to an already financially prohibitive CDMA ecosystem in general, recent developments may indicate that the CDMA emerging markets business case is looking more challenging.
Moving forward, Nokia intends to selectively participate in key CDMA markets, with special focus on North America.
4. NOK2+ (NOK/ INTC) JV
Initiates>>>>>>
prnewswire.com
Nokia and Intel Bring Wireless Broadband to Future Notebooks
ESPOO, Finland, September 27 /PRNewswire-FirstCall/ -- Nokia (NYSE:
NOK) is expanding mobility into a new arena by bringing wireless wide area
connectivity for notebook users. Nokia has developed an HSDPA connectivity
module for notebook computers, which Intel Corporation will deliver onwards
to notebook manufacturers as part of its next-generation Intel(R)
Centrino(R) Duo mobile technology platform. The connectivity module will be
widely available as an embedded option in a variety of notebooks.
Snips>>>>>>
This is also a natural area for Nokia's multiradio
expertise to expand to," said Heikki Tenhunen, head of Nokia's Connectivity
Module Business Program. "An important aspect in bringing an HSDPA
connectivity module to notebooks is the fact that 3G is the fast wireless
broadband technology which is available for consumers today in a large
number of countries in different continents
Nokia, for its part, brings the 3G HSDPA knowledge,
leadership in connectivity products as well as carrier relationships. Nokia
also manufactures the module.
Dumps / scraps >>>>>>>
yahoo.reuters.com.
Nokia scraps plans for HSDPA notebook module with Intel
Wed Feb 14, 2007 5:03 AM ET
HELSINKI, Feb 14 (Reuters) - Mobile telecommunications giant Nokia <NOK1V.HE> said on Wednesday it and partner Intel Corp. <INTC.O> had scrapped a joint plan to develop an HSDPA module for notebook computers.
"We have, together with Intel, cancelled the HSDPA module cooperation in the form we formerly announced," said Nokia spokeswoman Eija-Riitta Huovinen.
...
"We are still looking at the HSDPA module case from a technological point of view, but no decisions have been made on commercialising it," she said.
"We both saw that there was not an adequate business case," she said, referring to the potential return on investment.
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Engineer, I guess the bottom line here centers on **CREDIBILITY** highlighted your personal knowledge.
“I sat with him right after "Jacobs Patter". He was very upset. But he said something to me which I will not forget that day in 1998. "We will simply have to go make the technology and products so compelling that we just prove these guys wrong".
Seems to me that IMJ / QCOM have not let you or us down as the FACTS prove.
On the other hand>>> the simple FACTS prove just the opposite in NOK’s boastful major announcements / commitments to the industry / investment community only to be SCRAPPED shortly thereafter no doubt because of the Q’s “compelling products”.
Bottom line, who do you trust? I think you know my answer. |
