Qualcomm Inc (QCOM)

[kechuwa3]

Getting closer, but it depends on what you mean by the "full royalty". (Hope this is clearer than what the definition of "is" is. <gggg>

As I said there are two royalties. Qualcomm still gets its full handset royalty but doesn't get its chipset royalty. Though, as DR said, in return for not getting its chipset royalty, it gets the right to make things like integrated CDMA/GSM chipsets with GSM IPR that it doesn't have to pay for.


See previous post for comment on the two royalties:

The confusion here is that there are two royalties:
1) Chipset royalty.
2) Handset royalty.

TI's cross license allows them to avoid 1) but its customers can't avoid 2).