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BUSINESS
April 27, 2009 | Associated Press
Chip maker Qualcomm Inc. said late Sunday that it would pay Broadcom Corp. $891 million over four years to settle a long-standing dispute over patents and royalties. The San Diego company said it would pay the first $200 million to the rival Irvine chip maker by the end of June. The agreement dismisses with prejudice all litigation between the companies, including overseas, with Broadcom agreeing to withdraw its complaints to the European Commission and the Korea Fair Trade Commission.
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BUSINESS
March 17, 2009 | Bloomberg News
Mobile phone chip maker Qualcomm Inc. won the dismissal of a Broadcom Corp. lawsuit accusing the San Diego company of improperly using its wireless-technology patents to suppress competition. A federal judge's ruling made public Monday said Broadcom failed to properly claim that Qualcomm's patent rights were exhausted by its licensing of handset manufacturers. The Irvine company alleged that by collecting royalties from chip makers, Qualcomm was getting paid twice for the same patents.
BUSINESS
March 11, 2009 | Times Wire Reports
Qualcomm Inc., the world's largest maker of chips for mobile phones, said South Korea was looking into the lawfulness of some of its business practices. The Korea Fair Trade Commission issued a report looking at the inclusion of multimedia features in its chips and rebates and discounts for customers, the San Diego company said. Qualcomm said its actions were lawful.
BUSINESS
March 4, 2009 | Bloomberg News
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.
BUSINESS
January 29, 2009 | From Times Wire Reports
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.
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
October 17, 2008 | Michelle Quinn, Times Staff Writer
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.
BUSINESS
October 15, 2008 | From the Associated Press
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.
BUSINESS
October 9, 2008 | From Times Wire Services
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.
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