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BUSINESS
April 28, 2009 | Times Wire Reports
Qualcomm Inc. posted a fiscal second-quarter loss on a hefty payment to rival chip maker Broadcom Corp. to end legal disputes that spanned several continents. Qualcomm lost $289 million, or 18 cents a share, compared with a profit of $766 million, or 47 cents, a year earlier. The latest quarter includes a charge of $748 million, or 43 cents, to pay Broadcom. Revenue slid 5.8% to $2.46 billion. Shares of Qualcomm rose $1.81, or 4.4%, to $43.17. Broadcom shares gained 16 cents to $24.38.
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BUSINESS
December 2, 2008 | Times Staff and Wire Reports
Qualcomm Inc. can't enforce patents for technology to transmit DVD-quality video over satellites, wireless devices and the Internet, an appeals court ruled. The court in Washington upheld a finding that Qualcomm, the world's largest maker of chips that run mobile phones, couldn't enforce its patents against Broadcom Corp. because it never told a standards-setting body about them.
BUSINESS
June 8, 2007 | James S. Granelli, Times Staff Writer
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.
BUSINESS
March 25, 2013 | By Stuart Pfeifer
The Internal Revenue Service has apologized for spending about $60,000 on a training video that parodied the television show, “Star Trek.” In a six-minute video that is attracting wide attention on the Internet, IRS workers portrayed characters from the popular television series and vowed “to boldly go where no governmental employee has gone before.” Congress was not amused, calling the video a waste of taxpayer money. The IRS has acknowledged it was a mistake for employees to make the video.
BUSINESS
March 15, 2012 | By David Sarno
If you're going to fly around the world to be among the first on Earth to get a new iPad, you may as well run directly to a workshop with your new prize, the better to tear it apart in a matter of minutes. That's what iFixit has become famous for, and the gadget repair firm has done it again. The firm's co-founder Luke Soules flew to Melbourne, Australia, to get a head start on the rest of the world, and the opportunity to crack open the device and see what's inside it . It's not just idle curiosity either -- the iPad's dozens of components tell an important business story: which electronics makers have wooed Apple with the most advanced screens, radios, microchips and other components -- and secured themselves multimillion-dollar contracts in so doing.
BUSINESS
December 30, 2003 | From Bloomberg News
Vitesse Semiconductor Corp., whose chips are used in telecommunications gear, agreed to buy closely held Cicada Semiconductor Corp. to expand its lineup of products used for high-speed data transmission, the firm said Monday. Camarillo-based Vitesse said the acquisition, for $66 million in cash, would double its revenue in the market for switches used in local-area networks and increase its overall 2004 revenue by about $10 million. Vitesse's total sales were $156 million in its 2003 fiscal year ended Sept.
BUSINESS
November 25, 2010 | By Walter Hamilton and Nathaniel Popper, Los Angeles Times
The first arrest in an escalating probe of suspected Wall Street insider trading throws a spotlight on what authorities fear is a disturbing new trend by hedge funds and other big players ? paying networks of well-connected corporate insiders for illegal access to privileged information. The government appears to be building a case that the use of insiders is generating huge illicit profits for Wall Street heavyweights, at the expense of individual investors who don't have access to the same information.
CALIFORNIA | LOCAL
October 16, 2008 | Michael Rothfeld, Times Staff Writer
In the coalition pushing Proposition 6, an anti-crime initiative on the Nov. 4 ballot, the person who has contributed the most financially stands to gain little and has become the campaign's biggest liability. With a single $1-million contribution last December, billionaire and Broadcom co-founder Henry T. Nicholas III supplied most of the cash raised to date by proponents of the so-called Safe Neighborhoods Act. Then during the summer, he was indicted on drug, fraud and conspiracy charges.
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