Monday, June 12, 2006

Qualcomm and Nokia fight over patents again reports on Qualcomm's (QCOM) latest patent battle over intellectual property with Nokia (NOK). According to the article, Qualcomm accused Nokia of "infringing six patents related to GSM, the most popular mobile phone system around the world. Qualcomm's complaint to the United States International Trade Commission asked for a ban on the import and sale of some Nokia products, which it said included technology that infringed its patents."

Commenting on the negative response by the investment community, Ed Snyder at Charter Equity Research said, "So much of Qualcomm's business is tied up in royalties that if the litigation starts casting uncertainty over the future investors start getting skittish."