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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 169.27-4.8%3:59 PM EST
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To: Bill Wolf who wrote (109477)2/10/2012 4:35:11 PM
From: slacker7111 Recommendation  Read Replies (3) of 197175
 
Figured it was worth a few bucks for a little reading on a Friday afternoon :-). I speed read it so take it with a grain of salt.

Here is a quote from the complaint.

Qualcomm has informed Apple that Qualcomm has already paid Motorola for the
licenses and covenants for Qualcomm and its customers, including Apple.

From what I can gather, Q does have pass-through rights, or at least a non-assert clause for Q's customers. However, there is a "Defensive Suspension" provision. I assume that if Motorola gets sued first by an Apple customer that they can assert this clause.

So the timeline goes like this.

Motorola sues Apple in Oct 2010.
Apple countersues a few days later.

Motorola contacts Qualcomm in Jan. 2011 and asserts the Defensive Suspension provision and tries to terminate the pass through rights. Note that Apple wasnt a Qualcomm customer when the first lawsuit was filed.

Qualcomm responds that the provision doesnt apply and that Motorola cant suspend Apple's rights.

In January 2012, Motorola asserts that the iPhone 4S is subject to their existing patent suit in Germany.

Apple demands to see the contract between Q and Motorola.

We now have the lawsuit filed today.

Slacker
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