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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 (81140)	10/16/2008 5:39:44 PM
From: David E. Taylor	Respond to of 197253

Good point, maybe they could. I don't trade futures, I have enough trouble trading options! But to correctly hedge, QCOM would have had to guess which direction the $/EUR was going to go, and by how much. If they are that good, they should be running a currency hedge fund! I guess we'll see come 11/5/08. David

To: rkral who wrote (81140)	10/16/2008 9:47:38 PM
From: JohnG	1 Recommendation Read Replies (3) \| Respond to of 197253

""from the time of April 7th until we reached the agreement when Qualcomm was not accepting any of our payments towards them."" So, it appears that the 2.29 billion may well largely exclude provisions NOK made for royalties since April 7, 2007 AND which QCOM refused to accept. Such provisions were likely provided for in NOK's intervening financial statements and were thus not indicated in the most recent financial statement. Presumably such escerolled amounts would be provided QCOM in a separate check and be indicated as royalty income--possibly in the Sept 30, 2008 statement. But, possibly not depending upon when the contract was executed. What this may mean is that there is an additional thusfar unmentioned payment out there coming to QCOM for back royalties. It is entirely possible that the royalty rates for back royalties and forward royalties are different. Often past royalties are negotiated down.