"Qualcomm has previously disclosed to its investors that its sharing obligations to ETRI under the JDA do expire this fiscal year," said Qualcomm. "However, the expiration of such sharing obligations under the JDA with ETRI does not in any way effect the royalty obligations of Korean manufacturers. It is unfortunate that an ETRI director apparently has confused the terms of the JDA with ETRI with the terms of our separate license agreements with Korean manufacturers."