Qualcomm Inc (QCOM)

[slacker711]

Ricardo, PJ said in the conference call that Flarion has not signed any license agreements with anybody.

This was an amazing little fact that came out of the call. How in the world did Flarion convince Siemens to commit to building F-OFDM equipment in the 450MHz band without having an established royalty rate? How dumb a move is that?

Honestly, it doesnt make much sense to me, but Altman seems unequivocal in his answer.

DARYL ARMSTRONG, SMITH BARNEY CITI GROUP: Thank you very much and congratulations on the acquisition. I just wanted to clarify, does Flarion have existing cross licensing agreements for OFDM with other key infrastructure players and who would be some of the others that who also have meaningful intellectual property for this technology?

DR. PAUL JACOBS: I'll let Steve handle that one.
MR. ALTMAN: Well, Flarion has not to date granted any manufacturing licenses under their patented technology so they don't have any cross licenses. They haven't granted any licenses. In terms of others having OFDMA technology let me just say that their portfolio combined with ours I think gives us one of the leading portfolios in this area.