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.