MarketWatch First Take: Qualcomm is tossed back into the uncertainty that the Apple settlement seemed to cure [MarketWatch]
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Source: MarketWatch
Opinion: Qualcomm is tossed back into the uncertainty that the Apple settlement seemed to cure Qualcomm Inc. investors thought some of its biggest legal issues were abating after the company’s recent agreement with Apple Inc., but a federal court ruling has tossed the chip maker right back into a sea of uncertainty. U.S. District Court Judge Lucy Koh late Tuesday sided with the Federal Trade Commission, which filed an antitrust lawsuit against the company in 2017 . Koh ruled that Qualcomm QCOM, -10.86% violated antitrust law by charging unreasonably high royalties for its patents, and that its licensing practices “strangled competition,” and ordered the company to renegotiate all its agreements, and license its patents at “fair and reasonable prices.” She also said the company cannot sign exclusive supply deals with companies like Apple AAPL, -2.05% “We strongly disagree with the judge’s conclusions, her interpretation of the facts and her application of the law,” Don Rosenberg
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