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In particular, Misek asserts that 170 million global smartphone subs will be coming off contract in the 2012 second half, with another 450 million coming off contract in 2013.
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Pricing remains an open question, but considering that the Tab's a full-on cellphone in addition to a data device, it seems that American customers might need to be comfortable with another contract if they want in on this thing.
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In July 2002 McCombs entered into a variable prepaid forward contract with JP Morgan with 12 different tranches to be settled (with stock or cash) in 2003, 2004 and 2005. (The bank dubbed the structure Principal Installment Stock Monetization or PrISM.) In August 2002 McCombs also agreed to lend 11.3 million shares of Clear Channel to JPMorgan Chase.
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