TITLE

Qualcomm to pay Broadcom $891M in settlement

AUTHOR(S)
Deffree, Suzanne
PUB. DATE
May 2009
SOURCE
Electronic News;5/4/2009, Vol. 55 Issue 18, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that long running legal war between wireless rivals Broadcom Corp. and Qualcomm Inc. has ended on May 3, 2009 after the announcement of a settlement and multi-year patent agreement between them. Qualcomm will pay Broadcom $891 million in cash over a period of four years as part of the agreement. Management of both companies praised the resolution as a positive one for the companies, their customers and partners, and the overall industry.
ACCESSION #
39565216

 

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