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Thursday, July 24. 2008

LBS Giants Qualcomm and Nokia Settle Lawsuits; Qualcomm Revises Guidance

LBS


Two of the biggest movers and shakers in LBS, Qualcomm (QCOM) and Nokia (NOK), announced that all outstanding lawsuits had been settled. Under a 15-year agreement, the two companies have resolved difference covering various Qualcomm patents for use in Nokia devices. In a separate announcement, Qualcomm announced (PDF) their Q3 results and revised guidance slightly downward for the remainder of the year but it did not dampen the deal with Nokia; QCOM stock soared 20% in earth trading today.

Posted by Joe Francica in LBS at 08:42 | Comments (0) | Trackbacks (0) | Bookmark and Share

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