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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 (81180)	10/18/2008 11:58:49 AM
From: Eric L	Read Replies (1) \| Respond to of 197346

Forex and the "up-front license fee" ... Ron, << Do we know for sure whether the "up-front license fee" is pegged to the EURO or the U.S. dollar? >> We don't. Since it is a payable to Qualcomm, I would assume it is pegged to Qualcomm's accounting currency (USD), and that the $2.5b the Qualcomm spokeswoman stated is the amount that will hit Qualcomm's books -- BUT given the (lack of) detail we are privy to I'm not sure it is safe to assume anything, othr than the fact that the €-->$ forex conversion the press made on the date of Nokia's announcement is most likely not the precise amount they'll be paid. - Eric -