Qualcomm Inc (QCOM)

[JeffreyHF]

Not their share of "royalties", Pumpkin, their share of "chipsets". With WCDMA and TD-SCDMA (assuming the latter`s commercial significance), there is a ramping disconnect between rapidly rising royalties, and rising chipset revenues. Soon, their WCDMA chipset sales will begin to rise dramatically, with the advent of MSM6250 product, but healthy and inevitable competition in WCDMA and TD-SCDMA chipset sales will make it difficult to accurately estimate the incoming royalties from those technologies.