Qualcomm’s (QCOM) legal strategy for defending its intellectual property has been a mess recently. It lost a key ruling with the ITC. The agency said that because the company infringed on certain Broadcom (BRCM) patents that handsets with QCOM technology in them would be banned from import.
Qualcomm also lost a key patent case to Broadcom, and last week the judge in the case doubled the award.
Now, Qualcomm’s general counsel is on his way. The CEO, Paul Jacobs, son of the company’s founder, gets to stay. But, at least the move is a start.
Qualcomm needs to quickly make peace offerings to Broadcom and Nokia (NOK). QCOM is in a licensing battle with the big handset company which is its largest customer.
With a new person running the legal department, the company has a chance to take a fresh approach to litigating every problem. But, the window is probably not open for long.
Douglas A. McIntyre
In 20 Years, I Haven’t Seen A Cash Back Card This Good
After two decades of reviewing financial products I haven’t seen anything like this. Credit card companies are at war, handing out free rewards and benefits to win the best customers.
A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges.
Our top pick today pays up to 5% cash back, a $200 bonus on top, and $0 annual fee. Click here to apply before they stop offering rewards this generous.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.