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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 177.12-1.7%9:57 AM EST

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To: JGoren who wrote (62045)4/5/2007 12:49:39 PM
From: waitwatchwander   of 197115
 
Nokia makes payment to Qualcomm for right to use UMTS patents after April 9, 2007
April 05, 2007

Espoo, Finland - Nokia announced today that it has paid Qualcomm USD 20 million for patent licenses covering the second quarter 2007. Nokia and Qualcomm have had patent license agreements since 1992 and Nokia's obligations to pay license fees under the old agreements partially expire on April 9, 2007. The payment announced today does not extend, and is not related to, the old agreement. Rather, it is based on the licenses that Qualcomm has agreed and provided through the European Telecommunication Standardization Institute (ETSI).
...

[The real royalty cheque has yet to be cut ... it is all nothing but PR]

Media Enquiries:

Nokia
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Tel. +44 7917 231 929

Nokia
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Tel. +358 7180 34900
Email: press.office@nokia.com

nokia.com
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