Broadcom and Qualcomm agree to stop suing one another, but not to stop hating
Posted in: breaking news, BreakingNews, lawsuit, legal, patent, qualcomm, Today's ChiliTruthfully, we’re having a hard time coming to grips with this. For as long as we wished that these two would stop bickering, it’s actually tough to swallow the fact that we’ll never again be able to write about “yet another lawsuit” between Qualcomm and Broadcom (in theory, anyway). After nearly three full years of fighting with pencils, papers and soulless words, the courtroom throwdowns are finally ceasing. In a shocking development, the two rivals have entered into a settlement and multi-year patent agreement that will “result in the dismissal with prejudice of all litigation between the companies, including all patent infringement claims in the International Trade Commission and US District Court in Santa Ana, as well as the withdrawal by Broadcom of its complaints to the European Commission and the Korea Fair Trade Commission.” The exact terms of the deal are posted after the break, though you should know that Qualcomm will have to shell out $891 million in cash (ouch!) over the next four years. The lawyers may be out of work, but you can rest assured that there’s no shortage of abhorrence between these frenemies.
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Broadcom and Qualcomm agree to stop suing one another, but not to stop hating originally appeared on Engadget on Sun, 26 Apr 2009 22:59:00 EST. Please see our terms for use of feeds.
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