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Thursday, April 12, 2007 2:06:12 PM
QUALCOMM is concerned that Nokia continues to attempt to mislead the industry and
the investment community. Nokia's statement today that "it has paid less than 3
per cent aggregate license fees on WCDMA handset sales under all its patent
license agreements" and that such "WCDMA handset related royalty payments made by
Nokia include all WCDMA handset royalty payments made to Qualcomm", if true,
would mean that Nokia has seriously underpaid royalties owed to QUALCOMM under
the parties' 2001 license agreement and is in material breach of the agreement.
QUALCOMM will address this potential breach through legal and contractual
channels.
Go Qualcomm - I love it.
I think they are making a great case for the value of IP and that IP owners are entitled to be fairly compensated - even if they are despicable tax collecting trolls. The legal battle has not really started, but IMO they are kicking ass in the court of public opinion. They really put things in a way that highlights the gapping holes in Nokia's position.
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