Qualcomm: Another Headache [Seeking Alpha]
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Qualcomm: Another Headache Summary Qualcomm faces another legal headache after a US District court judge finds the company guilty of monopolistic behaviors. The negative ruling is unlikely to impact the recent Apple settlement. The wireless chip giant still has the best 5G modems. The biggest hiccup is the outstanding Huawei deal reducing the upside target from $120 to $100. QCOM ruled in favor previous article Image Source: Qualcomm website Ruling Doesn't Change Competition Federal judge Lucy Koh in San Jose sided with the FTC, saying patent-licensing practices of Qualcomm ‘strangled competition’. Naturally, the wireless chip giant plans to seek an expedited appeal of the case brought back in 2017 that went to trial for 10 days in January. Judge Koh ruled that Qualcomm engaged in anti-competitive conduct against phone manufacturers and used that power to obtain "unreasonably high" royalty rates. The judge ordered the company to renegotiate the licensing agreements at reasonable price
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