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Qualcomm

BUSINESS
January 19, 2008 | From Times Wire Services
Qualcomm Inc., the world's No. 2 maker of chips that run mobile phones, paid Chief Executive Paul Jacobs $15.1 million last fiscal year as profit and sales surged. Jacobs received a salary of $1.06 million and got options valued at $10.8 million, the San Diego-based company said in a regulatory filing. Jacobs, who took over from his father as CEO in 2005, was paid a salary and bonus of $2.66 million last year, excluding options awards. Qualcomm boosted profit 34% and increased sales 18% last year on demand for chips used in phones with high-speed Internet access.
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BUSINESS
January 8, 2008 | From Bloomberg News
Qualcomm Inc. was sanctioned and six of its former lawyers will face investigation by the State Bar of California for failing to turn over thousands of documents in a patent infringement trial against rival chip maker Broadcom Corp. The penalty was imposed Monday by U.S.
BUSINESS
January 3, 2008 | From Times Wire Reports
Qualcomm Inc. said a federal judge's order to stop selling chips for cellphones that infringe patents held by its Irvine-based rival, Broadcom Inc., would have an immediate, short-term effect on its business. U.S. District Judge James Selna of Santa Ana ruled Monday that San Diego-based Qualcomm couldn't sell chips that rely on three Broadcom patents. Qualcomm said it was working on new chips that sidestep the Broadcom patents.
BUSINESS
January 1, 2008 | From Times Wire Services
A federal judge in California ruled that wireless chip maker Qualcomm Inc. must immediately stop selling third-generation WCDMA cellular chips that infringe Broadcom Corp. patents. U.S. District Judge James Selna ruled, however, that Qualcomm could keep selling some chips whose designs infringe three patents held by rival Broadcom through January 2009, but it must pay royalties. Qualcomm also is restricted to selling only cellular chips it was offering as of May 29, 2007 -- when a Santa Ana jury found that it infringed the Broadcom patents -- and only to customers it had as of that date.
BUSINESS
November 24, 2007 | From Bloomberg News
Chip maker Broadcom Corp. said Friday that it would accept a jury's $19.6-million damage award in a patent dispute with Qualcomm Inc. after a judge withdrew his ruling doubling the amount. U.S. District Judge James V. Selna in Santa Ana had doubled the award after finding that Qualcomm's patent infringement was intentional. On Wednesday, he restored the original amount after a federal appellate court raised the bar for proving patent infringement in an unrelated case.
BUSINESS
November 15, 2007 | From Times Wire Services
Qualcomm Inc. agreed to buy Firethorn Holdings for about $210 million in cash to expand in mobile-banking software. Firethorn's product enables consumers to use their mobile phones to view account balances and history, pay bills and transfer funds, San Diego-based Qualcomm said.
BUSINESS
November 9, 2007 | From the Associated Press
Qualcomm Inc. reported Thursday that its fiscal fourth-quarter earnings nearly doubled on demand for chips that power high-end cellphones, but its estimate of first-quarter profit was on the low end of Wall Street's expectations. Shares of San Diego-based Qualcomm tumbled 3.5%, or $1.43, to $39.76, then plunged an additional $2.86 after hours. Qualcomm, the world's second-largest supplier of cellphone chips, earned $1.
SPORTS
October 27, 2007 | Kevin Baxter and Tony Perry, Times Staff Writers
SAN DIEGO -- As the final fire refugees boarded buses for the short ride to a Red Cross shelter early Friday morning, a small army of workers hustled to restore a sense of normalcy to Qualcomm Stadium, home of the San Diego Chargers. For much of this week, Qualcomm was temporary home to as many as 13,000 people displaced by wildfires in San Diego County.
SPORTS
October 26, 2007 | From staff and wire reports
SAN DIEGO -- Mayor Jerry Sanders said Thursday that Qualcomm Stadium should be ready by Sunday to play host to the Chargers' game against the Houston Texans. But he said the decision whether to play the game there as scheduled was up to the team and the NFL. Sanders said Qualcomm is scheduled to close at noon today as an evacuation center for people displaced by wildfires in the San Diego area.
CALIFORNIA | LOCAL
October 24, 2007 | Terry McDermott and Alex Pham, Times Staff Writers
SAN DIEGO -- Just inside the stadium gate Monday, a young bleached-blond woman offered a drink: "Would you care for a Red Bull, sir?" Another hundred feet on, a woman walked by carrying a sign: "Anyone distressed?" She gave directions to a crisis counseling center down the way. There was more food than could be eaten. More help than could be used. San Diego Mayor Jerry Sanders guessed there were as many volunteers as victims.
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