Qualcomm postpones earnings pending possible Broadcom settlement

Qualcomm postponed the release of its second-quarter earnings report pending negotiations with arch-rival Broadcom, which Qualcomm described as "a global settlement of all disputes between the parties." If reached, the settlement would be a landmark in the relationship between the two chipmakers, which have been engaged in a legal tit-for-tat over patents for years.

Qualcomm said in a release that there was no guarantee it would reach a settlement with Broadcom, but that if it did, the move would have an impact on its financial results. Thus, Qualcomm has rescheduled its earnings conference call for 5 a.m. PT on April 27.

The two California-based companies have been locked for years in drawn-out, saga-like patent struggles in court and in disputes before the U.S. International Trade Commission. The companies have locked horns over digital video patents, EV-DO technologies and other disputes.

This would not be the first time Qualcomm has set aside bitter history with a rival in the wireless space. Qualcomm and Nokia buried the hatchet last July and entered into a new, 15-year patent agreement that effectively settled all litigation between the companies. Since then, the two companies announced a partnership to bring next-generation mobile devices to the North American market.

For more:
- see this release
- see this article

Related Articles:
Qualcomm backs new wireless gaming startup
Antitrust regulators question Qualcomm chip sales in South Korea
Nokia and Qualcomm: the new frenemies
Qualcomm challenges Intel over netbook dominance
Qualcomm posts lower profit, cuts 2009 outlook
Broadcom wins round over Qualcomm in patent litigation
Broadcom gets the latest victory in patent fight with Qualcomm
Qualcomm, Broadcom each gain in latest court rulings

Suggested Articles

The White House announced plans to make spectrum between 3.45-3.55 GHz available for commercial 5G deployments.

Qualcomm has warned U.S. restrictions only stand to hand billions of dollars to its foreign competitors, according to the Wall Street Journal.

The regional operator said it plans to test a fixed wireless service using mmWave spectrum in 2021.