Qualcomm fiscal 1st-Qtr 2017 net income tumbles 54% on $868M antitrust settlement in Korea

Qualcomm Inc. (QCOM), the semiconductor technology and licensing giant run by CEO Steve Mollenkopf, posted a 54% drop in fiscal first quarter 2017 net income on higher costs and expenses related to a $868 million settlement with the Korea Fair Trade Commission. The San Diego, California-based company said its net income fell to $682 million, [...]

By | January 25th, 2017|Asia, earnings, Korea, litigation, Patent Investing|0 Comments

(Update1) Qualcomm cries foul against Korea Fair Trade Commission $865M fine for alleged violations of competition laws

The Korea Fair Trade Commission (KFTC) on Tuesday, Dec 27 fined Qualcomm Inc. (QCOM), the technology licensing company run by CEO Steven Mollenkopf, said it plans to issue a corrective order and a 1.03 trillion won ($865 million) against Qualcomm for violations of the country’s competition law. San Diego, California-based Qualcomm called the announcement “an [...]

By | December 28th, 2016|Asia, Korea, Patent Investing|0 Comments