Qualcomm (NSDQ: QCOM) has delayed its earnings report until next Monday “due to advanced settlement discussions with Broadcom regarding a global settlement of all disputes between the parties which, if reached, would have an impact on the Company’s financial results for the fiscal second quarter”, it said in a release. Broadcom first won a patent infringement case against Qualcomm almost two years ago, quickly followed by an import ban on some Qualcomm chips which was later lifted. Qualcomm has almost consistently lost in this particular legal tussle, so a deal is likely to benefit Broadcom — although it appears Broadcom isn’t after money so much as a cross-licensing agreement. Qualcomm notes that “revenue and operating income for the second quarter of fiscal 2009, excluding the potential impact of the Broadcom agreement, met or exceeded prior guidance”.
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