Qualcomm Patents Upheld in Europe After Challenge From Nokia
--From AOL. Check out the wording on this one. LOL!--
Cooters
San Diego, Nov. 10 (Bloomberg) -- Qualcomm Inc. said European officials upheld three of its patents, including one challenged by Nokia Oyj that's critical to its wireless phone standard used by 65 million people.
Qualcomm shares rose $2.94, or 4 percent, to $75.63 in early afternoon trading. Nokia, the world's largest cellular phone maker, has been fighting the patent, essential to Qualcomm's so- called CDMA technology, since July, 1998. Nokia's American depositary receipts fell $3.06 to $38.38.
The decisions could make it easier for Qualcomm to get royalties from license agreements in Europe, now dominated by a competing cellular standard. Nokia remains a holdout in licensing Qualcomm's patents for new phones and equipment that provide faster wireless Internet access.
Qualcomm, based in San Diego, successfully defended other patents in Europe, Japan and the U.S. this year and last. The company also makes computer chips for wireless phones and gets royalties based on its code division multiple access technology, used by 11 percent of the world's cell-phone subscribers.
Nov/10/2000 12:45 ET |
