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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 176.31

+1.9%

Jan 5 3:59 PM EST

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From: mindy1968	4/12/2007 2:19:51 PM
	of 197083

UPDATE 1-Qualcomm rejects Nokia offer in license dispute Thu Apr 12, 2007 1:45pm ET yahoo.reuters.com SNIP - "The outcome is also likely to affect Qualcomm's chips business, which uses many Nokia-patented technologies."- Reuter's biased view! UPDATE 1-Qualcomm rejects Nokia offer in license dispute Qualcomm rejects Nokia offer in license dispute UPDATE 1-Nokia says pays less than 3 pct for 3G patents More Company News... Email This Article \| Print This Article \| Reprints [-] Text [+] (Adds background, stock moves) NEW YORK, April 12 (Reuters) - U.S. chipmaker Qualcomm Inc. (QCOM.O: Quote, Profile , Research) said on Thursday it has rejected a $20 million payment and terms offered by cell phone maker Nokia (NOK1V.HE: Quote, Profile , Research) to settle a dispute over technology patents. The two technology giants have failed to reach a cross-licensing agreement, even after a previous pact over technology patents expired on Monday. "Nokia's attempted payment is a fraction of the royalty to which Nokia agreed in the arm's length negotiations leading to the parties' existing contract and for which Nokia bargained in obtaining the extension option," Qualcomm said in a statement. Reuters Pictures Editors Choice: Best pictures from the last 24 hours. View Slideshow It also said Nokia's payment offer was only a small fraction of the value of Qualcomm's patent portfolio. The dispute centers on Nokia's use of Qualcomm patents for WCDMA, a technology popular in the United States for mobile phones with high-speed Web links. The outcome is also likely to affect Qualcomm's chips business, which uses many Nokia-patented technologies. Qualcomm shares were up 1.59 percent at $42.77. Nokia shares were down 1.09 percent at 17.31 euros. © Reuters 2007. All Rights Reserved

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