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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Jim Mullens who wrote (122692)	11/6/2014 10:24:42 AM
From: Art Bechhoefer	Respond to of 183463

Jim -- At the cc, they explained a range of revenues and earnings, depending on how things go in China. The range was dictated by what Aberle termed the difference between "global" and "reported" sales of smartphones that use QCOM IP. The decline in ASP is based on lower cost components, and in particular, the greater number of lower priced smartphones that are expected to be sold in emerging nations. Art

To: Jim Mullens who wrote (122692)	11/6/2014 10:27:52 AM
From: slacker711	Read Replies (2) \| Respond to of 183463

I don’t understand guidance… what from China is included / what is not. The low-end of guidance assumes the current status quo. The high-end assumes that they are getting paid on some percentage of Chinese sales though I dont think they indicated how much. + FY15 Revenue guided up1% to 9%, + non-GAAP oper inc up 3 – 12%, + yet non-GAAP EPS down 4% to up 2%. They said that non-GAAP tax rate is going up next year so that may account for at least some of the difference between operating income and EPS. It also gets impacted by their assumptions around the total shares outstanding. Slacker