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 Send to email | Qualcomm (QCOM) Settles Legal Battle With Nokia (NOK), Shares Soar Despite Weak Guidance in QCOMNOK |  By Silicon
el 24-Jul-2008 |
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 A big move for mobile phone chip maker Qualcomm (QCOM): It's finally settled its extended legal battle with Nokia (NOK), the world's largest mobile phone maker. WSJ:
The companies didn't disclose financial details of the settlement. But they described it as a 15-year agreement that includes Nokia making an up-front payment as well as on-going royalties to Qualcomm.
More broadly, the deal suggests that Nokia -- the world's largest maker of cellphones by volume -- could turn from Qualcomm's biggest adversary into a potential customer for its chips.
The initial payment to Qualcomm is likely to be hundreds of millions of dollars. [Lehman Brothers analyst Timothy] Luke estimates that Nokia would have owed Qualcomm about $600 million in 2008 alone under royalty rates it paid under a prior agreement between the companies.
Qualcomm estimates the Nokia settlement could be worth anywhere between $0.07 and $0.13 per share. Shares are up 20% in premarket trading to $53.78, above the company's 52-week high. This despite the company announcing weaker-than-expected revenue and EPS outlook for Q4 and fiscal 2008. AP:
Qualcomm said earnings per share, excluding stock-based compensation and other charges, should be in the range of 49 cents to 51 cents per share in the fiscal fourth quarter ending Sept. 28, compared with the 54 cents analysts polled by Thomson Financial were expecting. Qualcomm estimates fourth-quarter revenues at $2.5 billion to $2.7 billion. Analysts were expecting just over $2.7 billion.
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 | Nerdblog |  Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
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| Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
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| Qualcomm Beats Expectations, Raises Guidance (QCOM) | | A strong Q1 for Qualcomm(QCOM): The company beat expectations for revenues and earnings, and raised guidance for the year. The street isn't overwhelmed, though, and the stock is down 2.6% in the aftermarket. We'll hazard a couple guesses as to why: QCOM gives out conservative guidance, and investors wanted much more than what they got; revenues are increasing faster than earnings; concern about [..] Read complete article | | Published 23-Apr-2008 by Silicon in QCOM
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| Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
Nerdblog.Net |
| LIVE ANALYSIS: Cisco Revenue In Line, EPS Beats Consensus | | Summary: Revenue in line with reduced expectations: Up 10% year-over-year (below Cisco's long-term targets). This suggests that the business environment did not improve materially from a weak January. Pro forma EPS of $0.38 beats consensus by $0.02. The company's guidance for FQ4 was again weak--9%-10%--due to ongoing economic problems in the US and Europe. That said, analysts [..] Read complete article | | Published 06-May-2008 by Silicon in General
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