Qualcomm Issues Statement On Jury Verdict In Litigation
(RTTNews) - Qualcomm Technologies, Inc. (QCOM) stated that the company is gratified that the jury found Arm breached its Architectural License Agreement with Qualcomm, failed to honor its commitments, and intentionally acted to disrupt Qualcomm's businesses. Together with prior court victory, this outcome further exposes Arm's broader intentions to harm Qualcomm and its ecosystem, Qualcomm said.
"We are pleased with the jury's decision today finding for Arm on four claims and awarding only one dollar in damages on each of Qualcomm's other two claims," Arm stated.
At last close on NasdaqGS, Qualcomm shares were trading at $176.86.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.