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

QCOM 174.76

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Dec 23 3:59 PM EST

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From: brian h	7/19/2007 2:40:06 PM
	Read Replies (2) of 197017

Broadcom and Verizon settled. Verizon paid $6 a handset up to $200 miliion. biz.yahoo.com """"""""""The agreement allows Verizon Wireless, the largest wireless provider in the country by revenue, to sell new handsets and other wireless devices, ensuring the availability of the latest cell phone technology in handsets and personal digital assistants (PDAs) to consumers and businesses. Under the agreement, Verizon Wireless will make payments to Broadcom at a rate of $6.00 for each 1xEV-DO handset, PDA or data card sold after the effective date, subject to a maximum payment of $40 million per calendar quarter and a lifetime maximum payment of $200 million. The agreement provides Verizon a license to the six Broadcom patents currently being litigated between Broadcom and Qualcomm. Other terms and conditions of the agreement are confidential. As a result of the agreement, Verizon Wireless will also cease its efforts to overturn the ITC's recent order banning Qualcomm chips and certain cell phones based on those chips from importation, and will withdraw Verizon Wireless's motion to stay that same ITC remedy previously filed with the U.S. Court of Appeals for the Federal Circuit."""""""

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