InvestorsHub Logo
Followers 37
Posts 9570
Boards Moderated 0
Alias Born 01/02/2003

Re: None

Wednesday, 11/07/2018 10:06:25 AM

Wednesday, November 07, 2018 10:06:25 AM

Post# of 432665
Apple is preparing for a $7 billion court battle with Qualcomm, not in settlement talks

•Apple sued Qualcomm in federal court in San Diego, alleging that the chip company's practice of taking a cut of the selling price of phones as a patent license fee was illegal.
•Qualcomm denies the claims and alleges that Apple owes it $7 billion in unpaid royalties.
•Qualcomm CEO Steve Mollenkopf has said the company expects an out-of-court settlement.

Apple is not in talks to settle its $7 billion legal dispute with mobile chip maker Qualcomm, a person familiar with the matter tells CNBC.

Reuters earlier reported on Wednesday that Apple was preparing for trial.

"There is absolutely no meaningful discussion taking place between us and Qualcomm, and there is no settlement in sight," a person familiar with the matter told Reuters. "We are gearing up for trial."

In the past, Apple used Qualcomm's modem chips in its flagship iPhone models to help them connect to wireless data networks. But early last year, Apple sued Qualcomm in federal court in San Diego, alleging that the chip company's practice of taking a cut of the selling price of phones as a patent license fee was illegal.

Qualcomm denied the claims and has alleged that Apple owes it $7 billion in unpaid royalties.

The case is to go to trial early next year and has spawned related legal actions in other courts around the world. Qualcomm CEO Steve Mollenkopf has said the company expects an out-of-court settlement.

— Reuters contributed to this report.

https://www.cnbc.com/2018/11/07/apple-not-in-talks-to-settle-7-billion-lawsuit-with-qualcomm.html

"Intellectuals solve problems; geniuses prevent them." - Albert Einstein

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent IDCC News