UPDATE 1-Qualcomm, FTC ask judge to delay ruling to pursue settlement [Reuters]
QUALCOMM Incorporated (QCOM)
Last qualcomm incorporated earnings: 4/29 04:01 pm
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Source: Reuters
Qualcomm, FTC ask judge to delay ruling to pursue settlement | Reuters 3 Min Read (Reuters) - Qualcomm Inc and the U.S. Federal Trade Commission on Monday asked a federal judge to delay a preliminary ruling in an antitrust case U.S. regulators brought against the mobile chip company in order to pursue settlement talks. In a joint filing in the U.S. District Court for the Northern District of California in San Jose, they asked a judge to delay ruling on the FTC’s motion for partial summary judgment for 30 days. The FTC originally filed the lawsuit in early 2017, alleging Qualcomm used anti-competitive practices to maintain a monopoly on the market for mobile phone chips. Qualcomm declined to comment beyond the filing. Settling with U.S. regulators would be a turning point for the San Diego company, which has been defending its business model amid a barrage of lawsuits from large customers such as Apple Inc and Huawei Technologies Inc, as well as dealing with regulatory challenges to it
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QCOM
Earnings
- 1/31/24 - Beat
QCOM
Sec Filings
- 4/4/24 - Form 4
- 4/4/24 - Form 144
- 4/2/24 - Form 4
- QCOM's page on the SEC website