InvestorsHub Logo
icon url

Jim Mullens

07/01/04 12:54 PM

#10718 RE: khemara_qc #10716

k-qc- Re:Delaware Court Rules That Texas Instruments Breached Patent Portfolio Agreement With QUALCOMM

It appears that there was indeed a breech

http://biz.yahoo.com/prnews/040701/lath082_1.html

Snips>>>

“...the court ruled that TI was in breach of the companies' Patent Portfolio Agreement and that the case will proceed to trial in order to determine the extent of TI's liability to QUALCOMM for damages incurred as a result of TI's breach.”

TI may be found liable for damages incurred by QUALCOMM as a result of TI's breach, QUALCOMM will not be entitled to terminate the agreement

"We are gratified that at this stage of the proceedings the court has determined that TI breached the agreement and QUALCOMM did not,"

“The court's ruling that TI's disclosure was a breach of our agreement is consistent with QUALCOMM's view of the importance of abiding by contractual obligations.”