Qualcomm's Case Isn't Closed
23 Mai 2019 - 10:20AM
Dow Jones News
By WSJ City
Qualcomm, it seems, can never fully escape the courtroom. Having
recently settled its bruising fight with Apple, it has been tossed
back into the legal ring with a ruling that found key tenets of its
business model in violation of federal antitrust laws, writes Dan
Gallagher for Heard on the Street.
KEY POINTS:
--- The ruling by a US federal judge puts a fresh legal cloud
over a company thought to be finally free of it.
--- The business segment that generates the majority of
Qualcomm's operating profit has now been thrown into a fresh legal
morass.
--- The battle with Apple spanned more than two years and cost
Qualcomm a fortune in legal fees and lost business.
Why This Matters
Qualcomm was a key developer of much of the technology used by
nearly every wireless device today, but its business model of
selling both chipsets and charging royalties on that technology has
earned it few friends. The new ruling makes the investment case a
legal guessing game rather than a clear play on the future of 5G.
For Qualcomm investors, that is sadly familiar territory.
A fuller story is available on WSJ.com
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(END) Dow Jones Newswires
May 23, 2019 04:05 ET (08:05 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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