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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Gregg Powers who wrote (31656)	6/3/1999 6:20:00 PM
From: limtex	Read Replies (1) \| Respond to of 152472

Gregg - Oh boy is it good to see you posting regularly again. , then Qualcomm's royalties are likely to move up asymtotically from current levels and I have produced earnings models that are almost hard to believe. Oh Gregg tell me I am a believer. Tell al us believers, give us a glimpse. If you can't believe it it must be truly awsome..... Best regards, L

To: Gregg Powers who wrote (31656)	6/3/1999 9:16:00 PM
From: DWB	Read Replies (1) \| Respond to of 152472

Gregg, How much begging would be necessary for you to grace us with those asymptotic earnings models? I'd be extremely interested if you've been able to digest the ramifications of the ERICY capitulation, the China buildout, the Japanese Tsunami, et. al. DWB

To: Gregg Powers who wrote (31656)	6/6/1999 3:39:00 PM
From: puzzlecraft	Read Replies (3) \| Respond to of 152472

Gregg, Regarding feeling "all warm and tingly", I've been trying to do my own calculations regarding valuating QCOM. I can see massive EPS gains over the next few years, on the order of $20-40 EPS by 2003. The part that I can't see is based on my lack of knowledge about QCOM's status regarding their IPR. If royalties fall off dramatically towards the end of the first decade of the 2000's, then valuating QCOM is more difficult because a discounted-cash-flow method would have to be used, assuming EPS would drop off sharply as IPR expires in the 2010s. Do QCOM's royalty agreements in place now generally continue indefinitely regardless of number of patents out, or are they based on percentage of patents out with renegotiation / recalibration on some periodic basis, or are they based on some other condition(s)? How are you figuring IPR / patents in to your long term calculations?.... or is the street simply incapable of looking that far ahead? Regards, John