Qualcomm Cleared in UMTS Suit
Sep 1, 2006, 1:51 AM by (staff)
A judge today dismissed Broadcom's suit against Qualcomm from a US District court in New Jersey. Broadcom claimed Qualcomm was using monopolistic tactics in licensing WCDMA technology by giving discounts to companies that chose Qualcomm chips as well as other tactics. Broadcom produces mobile radio chipsets that compete against those from Qualcomm and others. The judge ruled Broadcom's claims did not show the Qualcomm was anti-competitive but did so in a way that Broadcom can either appeal the case or modify their complaint. Nokia has also filed a similar complaint in a US District court in Delaware.
Broadcom Lowers Offer for Qualcomm, Qualcomm Says No Way
Broadcom revised its offer to acquire Qualcomm downward by $3 per share after Qualcomm increased its own bid to buy NXP Semiconductors. Broadcom said, "Qualcomm's board acted against the best interests of its stockholders by unilaterally transferring excessive value to NXP's activist stockholders." Broadcom would have preferred to see Qualcomm act together with Broadcom to broker the right deal for NXP while still allowing Broadcom to move forward with its own offer to buy Qualcomm.
Qualcomm Says Broadcom's Overtures Not Striking Right Notes
Qualcomm today said Broadcom's acquisition offer simply isn't good enough as currently proposed. The companies met earlier this week to go over some of the finer points of Broadcom's $121 billion bid to purchase Qualcomm, and Qualcomm still came away leery that the deal won't work out.
Qualcomm Rejects Broadcom's Acquisition Offer
Qualcomm's board of directors today unanimously rejected Broadcom's Nov. 6 offer to buy the company in a deal that would have been valued at approximately $130 billion.
Broadcom Ends Bid to Acquire Qualcomm
Broadcom today said it will no longer pursue its proposed acquisition of rival chipmaker Qualcomm. The decision comes two days after the Trump administration opposed the deal on national security grounds.
The Nokia suit