Qualcomm, Apple drop all litigation; QCOM +14.7%

|About: Apple Inc. (AAPL)|By:, SA News Editor

Apple (AAPL +0.6%) and Qualcomm (NASDAQ:QCOMagree to dismiss all litigation worldwide in a settlement that involves Apple paying QCOM.

The companies also reached a six-year license agreement, effective April 1, with two one-year option periods plus a multiyear chipset supply agreement.

Update: In a regulatory filing related to the agreement, Qualcomm reveals it expects incremental EPS of about $2 as product shipments ramp.

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