Handset chipmaker Broadcom Corp. reported Friday that an earlier verdict against Qualcomm Inc. that stated it has been violating three Broadcom patents was backed by U.S. District Court Judge James V. Selna. In September, Selna had decided to reconsider his decision on double damages and attorneys' fees (full summary). As a result of this latest ruling, Broadcom "will now seek to enjoin Qualcomm from making, using, selling and developing third generation (3G) WCDMA and EV-DO cellular chips that infringe any of the patents." Broadcom also accepted the $19.6 million in damages owed it Qualcomm and will not seek further damages. Neither companies' shares had been traded in pre-market action at press time (7:20 ET AM).
Commentary: Qualcomm Has a Bad Thanksgiving [24/7 Wall St.] • Qualcomm Wins Stay on Handset Import Ban • Qualcomm: Friend and Foe Alike Keeping Their Distance
Stocks/ETFs to watch: QCOM, BRCM. ETFs: BDH, WMH, IGN
Earnings call transcript: Broadcom Q3 2007 • QUALCOMM F4Q07 (Qtr End 9/30/07)
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