Qualcomm: Possible Settlement with Broadcom in the Works
Today Qualcomm delayed its quarterly earnings report and revealed that it was in "advanced settlement discussions with Broadcom regarding a global settlement of all disputes between the parties." Qualcomm warned that there was no guarantee the two companies would come to terms over there patent issues, but if they do, the impact to Qualcomm's financial results would be significant. In an appeasement to shareholders, Qualcomm noted 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 will provide more information over the coming days as it becomes available.
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.
Qualcomm Weighing Potential Breakup and Job Cuts
Qualcomm is preparing to conduct an in-depth review of its corporate strategy that could lead to the company breaking into several separate entities, reports the Wall Street Journal. Activist investors have begun to push Qualcomm towards a possible split, which would see the company's chip-production and patent-licensing businesses pulled apart.
Oppo Licenses Qualcomm 3G/4G Patents
Oppo today said it has agreed to license a number of Qualcomm patents pertaining to 3G and 4G technologies. Qualcomm says Oppo may now "develop, manufacture, and sell" 3G and 4G devices in China that use its WCDMA, CDMA2000, LTE-TDD, TD-SCDMA, and GSM technologies.
Avago Technologies May Buy Broadcom
Avago Technologies is in advanced talks to acquire Broadcom, reports the Wall Street Journal. Terms of the deal are not yet available, and the Journal's sources say the deal may not be signed.
Qualcomm Reaches Patent Accord with Meizu
Qualcomm today said it has forged a patent licensing agreement with Meizu, giving the Chinese company permission to make and sell devices that use Qualcomm technology. Specifically, Meizu can create cell phones and other mobile devices that rely on CDMA2000, WCDMA, and LTE 4G (GSM, TD-SCDMA, LTE-TDD) wireless radios.