InvestorsHub Logo
icon url

Jim Mullens

07/01/04 8:57 AM

#10707 RE: khemara_qc #10705

k-qc, Re: QCOM / TXN lawsuits-

The wording in the initial two paragraphs of the TXN PR is “interesting”, giving the positive spin that TXN is the “winner”.

It appears that a closer read shows just the opposite>>>
Snips >>>>>>

1. “The court indicated today that it intends to grant Qualcomm's motion that it did not breach the agreement on this issue “ (TXN’s cross licensing counter claim)

2. “The court is expected to consider Qualcomm's claims for damages based on a non-material breach at a trial scheduled to begin August 16.” (TXn's disclosure of information regarding terms of a patent cross-license agreement)

It appears that TXN did breach the terms of their cross-license agreement, but that indications are that that breach was “not material”, with damages still to be determined.