Qualcomm Inc (QCOM)

[jackmore]

Jim,

One interesting thing you might do with your model (which has proven to be quite accurate over a number of quarters) would be to do a series of EPS projections for Q using a set of assumptions that would provide a picture of the impact of WCDMA market share. Such as (1) Assume Q sells NO WCDMA chips (but collects royalties on handsets) while CDMA2000 cooks along as expected, (2) Assume Q gets 25% of the WCDMA chip market, and (3) 50% of the market...their stretch goal.

The percentage change in EPS among the three cases may be surprisingly low to some.

Well okay, maybe it's too late on a Friday afternoon...

Best,
jack