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
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Qualcomm Rejects Broadcom's Latest Acquisition Offer, But Leaves Door Open
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Broadcom Ups Its Bid for Qualcomm
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Qualcomm Rejects Broadcom's Attempt to Replace Board
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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.
I want my new phone lineups damnit.