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US court rules Qualcomm owes Apple a billion dollars
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US court rules Qualcomm owes Apple a billion dollars
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18th March 2019, 08:06
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 153,514
 |  US court rules Qualcomm owes Apple a billion dollars If only we knew how to do that when debt collectors call A US federal judge has issued a preliminary ruling that Qualcomm owes Apple $1 billion in patent royalty rebate payments. The ruling might seem a little odd because it really should be Apple who owes Qualcomm. It has not been paying for patents it has been using for some years. We wish we knew the technique for when a debt collector came calling. “You owe us money!” “No you owe me money.” “What?” “Do you want to pay now or later?” Judge Gonzalo Curiel of the US District Court for the Southern District of California ruled that Qualcomm, the world’s biggest supplier of mobile phone chips, was obligated to pay nearly $1 billion in rebate payments to Apple, which for years used Qualcomm’s modem chips to connect iPhones to wireless data networks. The payments were part of a business cooperation agreement between the two companies amid the peculiar patent licensing practices of the consumer electronics industry. https://fudzilla.com/news/48328-us-c...illion-dollars |
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