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BUSINESS
September 1, 2006 | From Bloomberg News
Qualcomm Inc., the world's second-biggest maker of mobile phone chips, won dismissal Thursday of an antitrust suit claiming that it stifled competition. U.S. District Judge Mary Cooper dismissed a complaint filed by Broadcom Corp., a maker of chips for TV set-top boxes. The suit claimed that Qualcomm wrongly used its patents to expand market share for chips used in so-called third-generation, or 3G, phones that allow users to download music and use the Internet.
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BUSINESS
October 2, 2007 | From the Associated Press
brussels -- European Union antitrust regulators are investigating U.S. wireless technologies company Qualcomm Inc. for possible abusive business practices, European officials said Monday. Qualcomm, the world's second-largest chip maker for cellphones, might have violated EU competition rules by refusing to share licensing terms for its mobile-phone technology, EU spokesman Jonathan Todd said. The probe could take as long as two years, Todd said. Six mobile-phone companies -- Broadcom Corp.
NEWS
January 24, 2008 | From Times Wire Services
Chip maker Qualcomm Inc. posted an 18% increase in fiscal first-quarter profit on strong demand for cellphones that surf the Internet and download music and video. San Diego-based Qualcomm earned $767 million, or 46 cents a share, during three months ended Dec. 30, up from $648 million, or 38 cents, the same period last year. The latest quarter included per-share charges of 1 cent from its strategic investments unit and 5 cents for stock-based compensation.
BUSINESS
June 13, 2008 | From Times Wire Services
Qualcomm Inc. increased its third-quarter sales and profit forecasts as customers upgrade to more powerful handsets, which the company makes chips for. Shares rose 5.8%, the most in five months. Earnings will rise to as much as 55 cents a share, excluding some costs, beating a goal of up to 52 cents, San Diego-based Qualcomm said. Revenue in the quarter ending June 29 will be "slightly above the high end" of its estimate for as much as $2.7 billion.
BUSINESS
July 14, 2004 | From Dow Jones/Associated Press
Wireless communications company Qualcomm Inc. declared a 2-for-1 stock split Tuesday and increased its quarterly dividend by 40%. The San Diego-based maker of cellphone chips said its quarterly cash dividend would increase to 14 cents a share from 10 cents on a pre-split basis and to 7 cents from 5 cents on a post-split basis. The increased dividend rate will be payable Sept. 24 to shareholders of record on Aug. 27. The stock split will take effect Aug. 13 for holders of record on July 23.
BUSINESS
August 11, 2007 | From Bloomberg News
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.
BUSINESS
November 3, 2005 | From Reuters
Wireless technology company Qualcomm Inc. on Wednesday posted a 37% jump in fiscal fourth-quarter earnings as revenue rose on strong demand in the market for mobile phones. Qualcomm said it earned $538 million, or 32 cents a share, in the quarter ended Sept. 25, compared with $393 million, or 23 cents, a year earlier. Revenue for the quarter rose 40% to $1.56 billion from $1.12 billion. Qualcomm dominates the market for technology and chips in phones used in the U.S.
BUSINESS
August 5, 2008 | From the Associated Press
Motorola Inc. snagged Sanjay Jha, chief operating officer of Qualcomm Inc. and a star of the wireless industry, to head its handset division as that unit prepares to become an independent company. Jha will also be co-chief executive of the parent company, sharing the responsibility with incumbent Greg Brown until the spinoff next year. Brown will take responsibility for Motorola's other two divisions. Motorola shares rose $1.01, or 11.5%, to $9.82 on Monday.
BUSINESS
November 23, 1988 | CHRIS KRAUL
QUALCOMM, a San Diego manufacturer of digital communications equipment, has received a contract valued in excess of $20 million to supply a Wisconsin-based trucking firm with a two-way, satellite-based communications network for its 5,000 trucks. To help fill the contract with Schneider National of Green Bay, one of the nation's largest trucking companies, QUALCOMM will hire an additional 30 to 50 people in coming months, spokesman Tom Bernard said Tuesday.
BUSINESS
June 4, 2002 | Associated Press
Ford Motor Co. pulled out of Wingcast, its venture with Qualcomm Inc. to produce telematics services in vehicles, the auto maker said. The decision means Wingcast will be dissolved, according to Qualcomm, which owns 15% of the venture. Wingcast's 200 workers will lose their jobs. Changing technology and customer desires were the main drivers behind Ford's decision, the auto maker said. Wingcast was based on cell phone technology.
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