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

To: quartersawyer who wrote (90180)	3/10/2010 8:24:40 AM
From: mindy1968	4 Recommendations Respond to of 197218

quarter sawyer Q has taken such a dive since Keitel's statement at the CC that there is something lurking behind that statement that Q knows and we do NOT. But the market also does NOT like that statement regardless of all the optimism from PJ at the ASM.

To: quartersawyer who wrote (90180)	1/26/2011 9:07:56 PM
From: waitwatchwander	3 Recommendations Read Replies (1) \| Respond to of 197218

I've been running a calculation on the amount that would be in dispute if Apple was the undisclosed party. Using a "revenue in dispute" amount of $100 per iphone and a 3.25% royalty rate for the period between the start of iphone sales to the end of 2010 generates a payment of $249M in past due royalties. Here's those numbers: Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 iphone Units(M) 0.27 1.12 2.32 1.70 0.72 6.89 4.36 3.79 5.21 7.37 8.74 10.00 11.30 12.77 Disputed Revenue($M) 27 112 232 170 72 689 436 379 521 737 874 1,000 1,130 1,277 Disputed Royalty($M) 1 4 8 6 2 22 14 12 17 24 28 33 37 41 If one tries hard enough, there is a way of adding anything up. Whatever adjustment would of taken place would not have been as simple as this because it is very likely that Foxconn and Apple would be paying a different royalty rate. I see that likely due to the high probability of a transfer of intellectual property rights between Apple and Qualcomm as with all their other recent licencing deals. The real key to understanding Qualcomm's potential is in the fine print of ALL their wheelings and dealings. It is no wonder that a lowly whistleblower saw fit to request that the SEC review their numbers. fwiw ps It was most interesting to note we paid $1.5B in taxes this qtr on the $2.5B cash payment from Nokia. In addition to getting the $1.8B patent pool, it looks like we paid another $500M in taxes for those intangible assets. Does this reconciliation make sense? Lots of diddling to review this and next qtr.