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Jim Cramer: It's Too Early to Gauge Qualcomm's Impact on Apple

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A federal judge ruled in favor of the U.S. Federal Trade Commission in its antitrust case against Qualcomm (QCOM) - Get QUALCOMM Incorporated Report .

The FTC had accused Qualcomm of violating antitrust law through a host of actions, including refusing to sell its modem chips to OEMs that declined to agree to its terms for licensing standards-essential patents (SEPs), and providing Apple with billions of dollars worth of royalty rebates in exchange for using its modem chips, reported TheStreet's Martin Baccardax.

Qualcomm has announced that it plans to appeal the decision.

This news comes after Qualcomm and Apple (AAPL) - Get Apple Inc. Report announced that they had settled a legal battle over royalties. The two companies had been feuding for over two years.

"I know this sounds like a punting, but we need to learn more. I mean, Qualcomm, uh, went up all the way up to the eighties. The issue with Qualcomm is what do you do with a company that wiped out the competition by sheer ingenuity? And [the whole ruling] flies in the face of the American way," said Jim Cramer when asked what Apple investors should do now. "...We don't know what's going to happen to Apple."

Related. Watching Huawei's Stay of Execution and Telco Consolidation: Market Recon

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