The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


No Ray Of Sunshine In Qualcomm’s Legal Battles

  • Comments Comments (View)
  • Text Size: A A

There is more on Qualcomm’s (NSDQ: QCOM) various patent battles in its conference call (transcript). Aside from the irony of apparently complaining that Broadcom is trying to do to Qualcomm what Qualcomm is trying to do to Nokia, (NYSE: NOK) there’s not a lot of change in the story. In answer to a question begging some hope of resolution, CEO Paul Jacobs said: “On the question about Nokia and whether there’s a ray of sunshine there, no, I would say that while we continue to speak with them on a fairly regular basis, there really has been no progress, we’re pretty far apart on being able to resolve our differences…Both sides continue to work it and will continue to do so, but I would not characterize it as a ray of sunshine at this point.”

SEE ALSO: Earnings: Qualcomm Full-Year Revenue Up 18 Percent; Nokia Dispute Cuts 08 Rev Guidance

Qualcomm also indicated it make sustain a cost as a result of supporting its partners and minimizing “any disruption that they may incur as a result of the litigation”. Although Qualcomm expects litigation expenses in 2008 to decrease modestly from the more than $200 million in 2007 (although still remain above $200 million) this added cost of supporting its partners is predicted to increase its total business defense costs by about 4 cents per share. Qualcomm wouldn’t reveal which partners would benefit from this, but admitted Verizon (NYSE: VZ) is a key partner.

Nov 9, 2007 7:30 PM ET

Posted In: Legal, Money, Technologies / Formats, Companies, Qualcomm

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

Hulu TV Hulu TV
1. Special Project
2. Me? Jealous?
3. Hey Baby, What's Wrong?
4. All You Need Is Love
5. Day After Valentine's Day
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff