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U.S. wireless technology firm Qualcomm Inc. warned on Wednesday a long-running spat with Nokia could escalate and lead to a legal action if the Finnish firm halted royalty payments.
"Any talk of us lowering royalties really is speculation at this point," Jacobs said.
Texas Instruments Inc. also complain Qualcomm’s fees are higher than the agreed-upon standard of "fair, reasonable and nondiscriminatory."
Qualcomm’s shares have plunged about 30 percent in the past six months, partly because of the uncertainty fomented by its legal disputes with Nokia and other firms.
Source: Reuters
This is starting to get nasty, even TI is saying Qualcomm is hitting below the belt. Interesting to see how this turns out. As a reminder, the contracts expire in April 07.
About The Author
Stefan Constantinescu
Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.
