Judge Rules In Favor of Broadcom in Qualcomm Patent Infringement Case

Includes: AVGO, QCOM
by: Jonathan Liss

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).

Seeking Alpha's news briefs are combined into a pre-market summary called Wall Street Breakfast. Get Wall Street Breakfast by email -- it's free and takes only seconds to sign up.