Qualcomm continues to develop workarounds for products banned by ...
Qualcomm continues to develop workarounds for products banned by a Dec. 31 Santa Ana U.S. District Court injunction (CD Jan 3 p1), the semiconductor maker said last week as it reported fiscal Q1 results. Devices using a Qualcomm workaround…
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for one infringed patent will go on sale this quarter, it said. Qualcomm has said it will appeal and filed motions to stay and clarify the ruling. Factoring in the injunction, Qualcomm estimates $9.6-$10 billion in fiscal year 2008 revenue, up 8-13 percent from fiscal year 2007, it said. The guidance doesn’t include royalties Nokia owes under a license agreement, it said. Qualcomm won’t record royalties on Nokia sales after April 9, 2007, “until an arbitrator (or court) awards damages or the disputes are otherwise resolved by agreement with Nokia,” Qualcomm said. In fiscal Q1, Qualcomm revenue year-over-year rose 21 percent to $2.44 billion. Net income grew 18 percent year-over-year to $767 million.