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Thursday, 23 April 2009 12:08

Qualcomm maybe about to bury hatchet with Broadcom

Written by Nick Farell

Image

Delays its results


US wireless
outfit Qualcomm has delayed the release of its quarterly results because it was in "advanced" settlement talks with Broadcom.

Qualcomm said it had rescheduled the release of its second quarter earnings to Monday because of "advanced settlement discussions with Broadcom regarding a global settlement of all disputes between the parties."

While the outfit said that no assurance can be given that the company and Broadcom will be able to reach agreement on the terms of a global settlement but if they did it "would have an impact on the company's financial results."

Qualcomm had said previously that it expected revenue to decline by six percent to 14 percent during the period. Qualcomm, whose chips are widely used in mobile phones, was found to have infringed on Broadcom patents in 2007 but a later ruling was favourable to Qualcomm.

Nick Farell

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