Replies to post #18964 on Qualcomm Inc (QCOM)

[khemara_qc]

Qualcomm: ITC patent ruling not seen disrupting business


Last Update: 1:27 PM ET Dec 11, 2006

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7bF8D2F7E1-281F-46E1-B0EC-4C5FF43B4CCB%7d&....

SAN FRANCISCO (MarketWatch) -- Qualcomm Inc. (QCOM : QUALCOMM Incorporated (QCOM38.98, -0.56, -1.4%) said Monday the International Trade Commission's order regarding patent infringement claims by Broadcom Corp. isn't expected to have a "disruptive effect" on its business. Qualcomm said the ITC has decided not to review the Administrative Law Judge's initial determination that the company hasn't infringed two of three Broadcom patents. "We are pleased with the ITC's decision to leave undisturbed the ALJ's conclusions that we have not infringed two of the three patents," said Louis Lupin, Qualcomm's general counsel, in a statement. Earlier today, Broadcom said the ITC has upheld an initial determination that Qualcomm infringed on five claims of one patent held by Broadcom. The ITC will consider further briefing on the issue of remedies, the companies said.