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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 159.42-1.2%Jan 16 9:30 AM EST
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To: carranza2 who wrote (62079)4/5/2007 3:40:02 PM
From: hedgefund  Read Replies (1) of 197248
 
It was better for Q to wait for the faux payment plus the statement that Nokia would go ahead and use our technology. Q does now have a basis to exercise the arbitration provision because it is performing under the extension while Nokia isn't. That's a better argument than claiming, after April 10, that Nokia was not entitled to exercise the option because it was in breach of its duty of fair dealing by using our technology without paying, a much weaker legal argument. My hat is off to the Q legal team. The $20 million public proffer wasn't very smart, imo. HF
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