Qualcomm Rejects Broadcom Offer
Jun 30, 2007, 11:26 AM by (staff)
Qualcomm has rejected a settlement offer from Broadcom. Under the terms of the offer, Broadcom would have accepted a royalty payment of $6 per phone affected by the recent patent litigation lost by Qualcomm. That payment roughly equals 2 to 2.5% of the final cost of each phone. Qualcomm is still pursuing a presidential veto to overturn the ban the ITC has placed against it from importing certain new cell phone chips into the U.S. Qualcomm and Sprint have indicated that they are working on a software patch to bypass the patent issue, which relates to how 3G handsets conserve battery power.
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 Takes Aim at Qualcomm with Unsolicited $130B Bid
Broadcom today made an unsolicited offer to buy Qualcomm for $70 per share, a deal valued at approximately $130 billion. According to Broadcom, the merged entity would be a diverse communications semiconductor company that would be able to accelerate innovation, deliver more advanced products, and create compelling financial savings/efficiencies.
Qualcomm Sues Apple Over Spilled Tech Secrets
Qualcomm hit Apple with a lawsuit today, alleging the iPhone maker allowed Intel to access Qualcomm's proprietary software. Apple uses modems from Qualcomm and Intel in the iPhone and has separate engineering teams for each.
Avago Technologies May Buy Broadcom
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BlackBerry Wins $815M from Qualcomm for Overpaying Royalties
BlackBerry today said it received a favorable outcome after arbitrating a royalty payment issue with Qualcomm. The two companies entered into arbitration on April 20, 2016, over a dispute concerning "whether Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement between the parties." The binding arbitration settlement determined that Qualcomm's agreement did in fact apply to such payments, resulting in BlackBerry paying Qualcomm too much money.
I want my new phone lineups damnit.