| To: Humble who wrote (122675) | 11/5/2014 4:48:49 PM | | From: Jim Mullens | | | | Humble, re CY not FY
Thanks for the clarification.
Should then say on a CY basis, (If they gave CY) Guidance potentially could be 36% (0.4 /1.1) higher for QTL which represents 65% of EBT
>>>>>>>>>>>>>>>>>>>>>>>>>
FY15 guidance does not include potentially ~ 400 million devices 1.1 /1.5 or ~ 27% shortfall…if I’m reading this correctly.
…………………….FY14 …..FY15
EPS
Non- GAAP………5.27……..5.05- 5.35
GAAP …………….4.65…….4.33- 4.63
I’m assuming CY 15 Guidance potentially could be 36% (0.4 /1.1) higher for QTL which represents 65% of EBT |
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| To: Humble who wrote (122675) | 11/5/2014 5:18:12 PM | | From: Jim Mullens | | | | Humble, CY guidance ...
OK, now got it. Not providing CY 15 guidance at this time. Please disregard prior 2 posts.
Don't know if FY15 guidance includes or does not include revenues / expenses for China device sales in dispute.
Per Q&A- high end of guidance assumes "some" net income of items in dispute. Very confusing. |
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| To: B. A. Wayne who wrote (122678) | 11/5/2014 5:54:01 PM | | From: Art Bechhoefer | | | | "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.
Art |
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| From: gutboy09 | 11/5/2014 6:22:00 PM | | | | | | And now this too?
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. |
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| To: Jim Mullens who wrote (122676) | 11/5/2014 8:47:56 PM | | From: slacker711 | | | | I havent listened to the call but Q's presentation lays out the numbers well. Global 3g/4g sales are projected to be $250-$257 billion in FY2014 vs. the $243.6 billion actually reported.
files.shareholder.com
One number that jumps out at me is that they are projecting a 9-10% decline in global ASP in 2015 (no estimate for the collected ASP).
Slacker |
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| To: slacker711 who wrote (122682) | 11/5/2014 9:14:04 PM | | From: engineer | | | | | 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. |
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