Qualcomm Inc (QCOM)

[IceRich]

On the "conservative guidance," I suspect that the earnings report has to be mostly completed well in advance, in order to meet SEC compliance rules. This event is a legal event, and has to meet all the bells and whistles, including full legal review (Sarbanes-Oxley, etc, get it wrong and you risk jail). Bottom line is that it is a legal document that is time late, as of Sep 30. The last 5 weeks are not relevant (such as the court decisions in India).

The London Analysts Meeting next week though, is not a legally binding announcement, and so can be more real time. It only has to provide equal access (why it is broadcast).