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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 (81100)	10/16/2008 9:34:26 AM
From: slacker711	1 Recommendation Read Replies (1) \| Respond to of 197278

"As previously communicated, the financial terms also included a lump-sum cash payment. The payment amounts to EUR 1.7 billion and is payable by Nokia to Qualcomm during the fourth quarter 2008. The lump-sum payment made to Qualcomm will be expensed quarterly over the term of the agreement." I think the distinction between "payment" and "lump-sum payment" is purposeful. Of course, this says nothing about what Qualcomm will do. I see it differently. It seems to me that the word "payment" in the 2nd sentence refers back to the "lump-sum cash payment" in the first sentence. If Q was receiving back royalties, I think the overall number would be more than the 7-13 cents of catch up that Keitel indicated for the 4th quarter. I really do believe that is all amortization. Slacker