March 4, 2009 |
Mobile-phone chip maker Qualcomm Inc. said Tuesday that Irwin Jacobs would step down as chairman, ceding the role to his son, Chief Executive Paul E. Jacobs. The senior Jacobs will continue as a director at the San Diego company. Jacobs ran the company as CEO from its founding in 1985 until 2005, when he was succeeded by his son.
January 29, 2009 |
Chip maker Qualcomm Inc. slashed its forecasts for revenue and earnings as it reported its fiscal first-quarter profit plunged 56%. The company said the global economic slowdown and financial crisis had slowed demand for its chips, which run many of the world's mobile phones. It said its financial investments had also taken a significant hit. The San Diego company lowered its estimate for 2009 operating income to a range of $2.2 billion to $2.5 billion, from a range of $2.6 billion to $2.8 billion.
January 21, 2009 |
Qualcomm Inc., the world's largest maker of chips for mobile phones, bought graphics and multimedia technology assets from Advanced Micro Devices Inc. for $65 million. The assets formed the basis of AMD's hand-held business, the companies said.
December 2, 2008 |
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.
October 17, 2008 |
Qualcomm Inc., the San Diego-based chip maker, will receive about $2.3 billion as part of a royalty-fight settlement with Nokia Corp., the world's leading maker of cellphones. The one-time payment, which Nokia made public Thursday when it reported third-quarter financial results, was roughly what analysts had expected since the two companies announced that they had reached an agreement in July. Qualcomm's shares gained $2.60, or 7%, to $38.89. Nokia's shares jumped $1.50, or 10%, to $16.57.
October 15, 2008 |
The International Trade Commission's ban on imports of cellphones with chips made by Qualcomm Inc. overstepped the commission's authority, a federal appeals court ruled Tuesday. The ITC imposed the ban in June 2007 because it found that some Qualcomm chips infringed a battery-saving technology patent owned by Broadcom Corp., a rival maker of cellphone chips. The ban was stayed in September 2007 by the U.S. Court of Appeals for the Federal Circuit, pending appeal.
October 9, 2008 |
Broadcom Corp. sued Qualcomm Inc., saying chip patent misuse has resulted in double royalties and hurt competitors and customers. The lawsuit, filed in federal court in San Diego, is the latest between San Diego-based Qualcomm and its Irvine rival.
September 20, 2008 |
Qualcomm Inc. must face an additional claim of patent infringement made by Broadcom Corp. before the U.S. International Trade Commission in Washington, an appeals court ruled Friday. The U.S. Court of Appeals for the Federal Circuit revived a claim that had been thrown out, involving a patent for transmitting radio frequency signals, against one type of Qualcomm chip.
August 29, 2008 |
A federal judge has found Qualcomm Inc. in contempt of an order designed to prevent the company from violating three Broadcom Corp. patents. U.S. District Judge James Selna in Santa Ana found that San Diego-based Qualcomm violated the injunction by continuing to use infringing chips and ordered it to stop the infringement, Broadcom said Thursday. The judge said Qualcomm also failed to pay royalties for an infringed product, Irvine-based Broadcom said. Qualcomm was ordered to pay further profits to Broadcom.