Qualcomm in 'advanced' settlement talks with Broadcom

Apr 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: Microsoft CEO sees 'bold' plan as 4Q tops Street

add to favorites email to friend print save as pdf

Related Stories

Qualcomm's dispute with Nokia heats up

Jun 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 ...

Qualcomm, DOJ $1.8M settlement

Apr 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.

Globe Talk: Qualcomm fights claims

Nov 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 ...

Recommended for you

Facebook shares profit growth story

3 minutes ago

Facebook on Wednesday reported that is quarterly profit more than doubled amid big gains in ad revenues and a jump in users.

Android grabs more tablet market share

1 hour ago

Global sales of tablet computers edged higher in the second quarter, in the slowest growth since 2009, research firm Strategy Analytics said Wednesday.

Microsoft CEO sees 'bold' plan as 4Q tops Street

13 hours ago

(AP)—Microsoft Corp. CEO Satya Nadella painted an upbeat vision of the future Tuesday, saying that the next version of Windows will be unified across screens of all sizes and that two money-losing units—Nokia ...

Apple's fiscal 3Q earnings top analyst forecasts

23 hours ago

Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen.

User comments : 0