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There have been so many Q stock price killers/extortionists in the past that I can't recall all of them but I was content to think China might be the last on them. But then I thought about space exploration and it occurred to me that there could be many more out there in the billions of planets we have yet to explore. Yes, there may be an endless number of buying opportunities lurking in outer space. Hf
"Any way Q can book the losses for tax purposes until they are recovered?" I doubt it. What seems to happen is that Q is now reporting lower QTL revenues and royalties, producing less taxable revenue. At some later point, if Q can collect the revenues owed from either companies not licensed or companies that are licensed but still aren't paying, the additional revenues will simply add to total taxable income. The discrepancy between what Qualcomm estimates as "global" versus "reported" revenues accounts for the wider range of guidance for the coming quarter and fiscal year.
Qualcomm also said it faces a new probe by the European Commission about rebates and other financial incentives in the sale of its chips. Another preliminary investigation by the U.S. Federal Trade Commission concerns Qualcomm's licensing business, including a potential breach of licensing terms, the company said.
remember you have to factor that in with caps on the amount royalty is collected upon. So if the ASPs are actually above the cap, it does not affect their revenue at all. Once the ASPs ge below the cap, then it will scale with the ASP decline.