More Bad News For Qualcomm (QCOM)

Qualcomm (QCOM) does not lose every legal battle it fights. It just seems that way. After set-backs in patent cases against rival Broadcom (BRCM), it has been in court with its largest customer, Nokia (NOK).

Nokia wants to cut royalty payments to Qualcomm based on the theory that NOK uses less QCOM intellectual property in its handsets than it used to.

Qualcomm filed a complaint with the ITC saying that Nokia was violating some of its patents. Yesterday, the body ruled that there was no infringement.

Looks like a tough road ahead for Qualcomm shareholders.

Douglas A. McIntyre