Qualcomm (QCOM) To Be Probed By EU
October 1, 2007 by Douglas A. McIntyreAccording to Bloomberg, Qualcomm "is being investigated by the European Union over allegations it overcharges Nokia Oyj, Ericsson AB and other handset manufacturers." One of the issues is whether the US company still has enough patented technology in newer 3G handsets. Customers claim it does not and, therefore, should charge lower licensing rates.
The news adds to the company’s trail of woes. Qualcomm has already been sanctioned for infringing Broadcom’s (BRCM) patents by both the ITC and a federal district court.
The company has just hired a new general counsel, who should have his work cut out for him
Douglas A. McIntyre
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