August 15, 2007 |
Securities regulators may sue the top lawyer at wireless chip maker Broadcom Corp. for alleged backdating of stock options, the Irvine company said in a public filing Tuesday. The Securities and Exchange Commission sent a notice to David Dull, Broadcom's general counsel, that he faced a civil lawsuit from the government. Dull did not return a message left at his office.
August 11, 2007 |
Broadcom Corp. tentatively was awarded $39.3 million in damages plus attorney fees in a patent dispute with rival chip maker Qualcomm Inc. after a federal judge upheld a jury verdict that Qualcomm infringed three patents. U.S. District Judge James Selna doubled the $19.64-million jury award because the infringement was intentional, he said in a tentative ruling posted Friday on the website of the federal court in Santa Ana.
August 10, 2007 |
A former key assistant to Broadcom Corp. co-founder Henry T. Nicholas III turned himself in to face charges he violated banking laws. Craig S. Gunther surrendered at U.S. District Court in Santa Ana and was released on $5,000 bail. Federal prosecutors accuse him of withdrawing more than $500,000 from Nicholas' accounts in small increments to avoid federal reporting requirements on transactions over $10,000. Gunther's lawyer, Robert Corbin, said his client was innocent. U.S.
July 20, 2007 |
Stepping out of a raging dispute between two Southern California chip makers, Verizon Wireless said Thursday it would pay licensing fees to Broadcom Corp. to avoid a ban on importing new mobile phones. Irvine-based Broadcom will receive $6 per handset -- up to $200 million over the life of the agreement, the companies said -- so that Verizon can continue selling phones laden with the latest technology.
July 12, 2007 |
Chip maker Broadcom Corp. said emergency first-responders could continue using mobile phones with a battery-saving technology involved in a patent dispute with rival Qualcomm Inc. State and local agencies and private nonprofit organizations will be able to import mobile phones for public, safety and emergency response purposes, Irvine-based Broadcom said. The U.S.
June 29, 2007 |
Qualcomm Inc. of San Diego rejected an offer from smaller rival Broadcom Corp. to settle a patent dispute, saying it would cost as much as $2 billion. Irvine-based Broadcom is seeking $6 for every handset sold with a Qualcomm chip that was found to infringe a patent for a battery-saving feature, a Broadcom spokesman said. Qualcomm rejected the offer, made this week, and instead offered to pay $100 million and agree that the firms would give each other royalty-free access to patents.
June 14, 2007 |
Irvine-based chip maker Broadcom Corp. has been in talks with cellphone makers about new designs since winning a patent dispute with rival Qualcomm Inc., Chief Executive Scott McGregor said. The U.S. International Trade Commission on June 7 banned the import of some phones after finding that Qualcomm's newest chips infringe a Broadcom patent for a battery-saving feature. The ban could mean wireless carriers won't be able to offer the newest phones for Christmas.
June 13, 2007 |
Irvine chip maker Broadcom Corp., which is striving to win more sales for mobile phones, agreed to buy San Jose-based Global Locate Inc. for $146 million, gaining semiconductors that could be used as tracking devices. Broadcom also will pay Global Locate's former owners as much as $80 million if the transaction meets undisclosed goals. Global Locate's chips use the satellite-based global positioning system, and are used in navigational devices for cars and handsets, Broadcom said.
June 8, 2007 |
A federal patent ruling Thursday threatens to put a crimp in Christmas sales of next-generation cellphones that wireless carriers may be counting on late this year -- and beyond -- to spur sales. The U.S. International Trade Commission in Washington banned the import of new mobile phones containing Qualcomm Inc. chips that infringe patents held by rival Broadcom Corp.
May 30, 2007 |
Qualcomm Inc.'s legal woes deepened Tuesday when a Santa Ana jury found that the communications chip maker violated patents of rival Broadcom Corp. and awarded damages of $19.6 million. The federal jury decided that San Diego-based Qualcomm violated three Broadcom patents that help cellphones process video, enable walkie-talkie conversations and work on two types of networks. "This is an overwhelming victory for Broadcom," said David Rosmann, a lawyer for the Irvine company.