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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?


To: jackmore who wrote (62050)4/5/2007 2:16:13 PM
From: JGoren  Respond to of 197032
 
Announcement timed because US markets closed tomorrow for Good Friday and "Europe largely closed on Monday" (heard this CNBC, so basically a lot of businesses are closed down or operating at lower level both Friday and Monday.

NOK already sought and obtained arbitration under its license agreement with Qcom. The question will be is the option part of the same agreement; if it is, clearly then it is subject to arbitration. Basically, Qcom is calling NOK's bluff. Either it has violated the terms of the license agreement (and has no right to use the old IPR anymore) or it has extended the license, so the argument goes. Since the option goes until end of 2008, I would think that there is no post-contract question. The question is what is the meaning of the license and the option.

Arbitration is faster than court litigation which could take years.