A Federal appeals court opened the door for Broadcom (BRCM) to press antitrust legal action against its larger rival Qualcomm (QCOM).
The move is another set-back for Qualcomm which is in disputes with several firms, including its largest customer, Nokia (NOK).
Broadcom’s shares are up nearly 25% over the last year. Qualcomm’s are up about 2%.
Douglas A. McIntyre
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
