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mschere

11/22/03 2:46 PM

#49579 RE: jai #49575

Bear in mind that 100% of IDCC sales is IP licensing Revenue..After overhead is met..85% plus drops to the bottom line..Qualcomm income from IP Royalty is running approx..25% of its gross revenue..The other 3/4 of its sales has at most a 35% mark up.. Something lost on some of our GURUS..

Right now QCOM and IDCC are basically selling for 10x revenues.

QCOM Revenue (ttm): 3.97B Market Cap: 35.14B

IDCC Revenue (ttm): 87.90M Market Cap: 1.13B



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GE_Jim

11/22/03 7:13 PM

#49595 RE: jai #49575

Jai, I prefer to look at earnings or profit vs just revenue. Not that IDCC has any worries but there are many companies that have good revenue all the way up to filing bankruptcy. Show me how much is going to the shareholders in either dividends or through share appreciation by earnings. Show me sustainable growth, not just the hope of, and I'll jump on your wagon.