Qualcomm in 'advanced' settlement talks with Broadcom

April 22, 2009

US wireless technology titan Qualcomm delayed the release of its quarterly results on Wednesday, saying it was in "advanced" settlement talks with Broadcom over a long-running patent dispute.

The San Diego, California-based Qualcomm said it had rescheduled the release of its second quarter earnings to Monday.

It said the postponement was due to "advanced settlement discussions with Broadcom regarding a global settlement of all disputes between the parties."

Qualcomm said "no assurance can be given that the company and Broadcom will be able to reach agreement on the terms of a global " but if they did it "would have an impact on the company's financial results."

Qualcomm said that "revenue and operating income for the second quarter of fiscal 2009, excluding the potential impact of the Broadcom agreement, met or exceeded prior guidance."

Qualcomm had said previously that it expected revenue to decline by six percent to 14 percent during the period.

Qualcomm, whose chips are widely used in mobile phones, was found to have infringed on Broadcom patents in 2007 but a later ruling was favorable to Qualcomm.

(c) 2009 AFP

Explore further: Qualcomm accused of distorting 3G market

Related Stories

Globe Talk: Qualcomm fights claims

November 11, 2005

Qualcomm's decision earlier this week to fight back against its rivals on allegations of manipulating international cellular phone markets is turning uglier by the day, but whether the legal spat will actually benefit consumers ...

Qualcomm, DOJ $1.8M settlement

April 14, 2006

Qualcomm Inc. and Flarion Technologies Inc. agreed to the pay a $1.8 million settlement in civil penalties in a suit filed by the Department of Justice, the companies announced Thursday.

Qualcomm's dispute with Nokia heats up

June 12, 2006

The legal team at Qualcomm is gearing up for a battle on multiple fronts. On one hand, the San Diego-based mobile communications group has filed yet another lawsuit Monday against Finland's Nokia with the U.S. International ...

Recommended for you

Drone market to hit $10 billion by 2024: experts

October 3, 2015

The market for military drones is expected to almost double by 2024 to beyond $10 billion (8.9 billion euros), according to a report published Friday by specialist defence publication IHS Jane's Intelligence Review.

Radio frequency 'harvesting' tech unveiled in UK

September 30, 2015

An energy harvesting technology that its developers say will be able to turn ambient radio frequency waves into usable electricity to charge low power devices was unveiled in London on Wednesday.

Professors say US has fallen behind on offshore wind power

September 29, 2015

University of Delaware faculty from the College of Earth, Ocean, and Environment (CEOE), the College of Engineering and the Alfred Lerner School of Business and Economics say that the U.S. has fallen behind in offshore wind ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.