Dividend.com: Qualcomm Battles Higher
Qualcomm Swings to Loss on Settlement; Raises Guidance
Telecom company Qualcomm (QCOM Quote), shares spiked Monday morning, after the company reported first-quarter earnings that included a big legal settlement with its arch rival Broadcom (BRCM Quote). Qualcomm said that after a more than four-year legal battle over patent infringement issues with Broadcom, the two sides finally reached an agreement late Sunday night that requires Qualcomm to pay $891 million over the next four years.
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