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BlackBerry awarded $815 million in royalty refunds from Qualcomm

By Jos ยท 7 replies
Apr 12, 2017
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  1. Qualcomm has been ordered to refund BlackBerry $814.9 million in an arbitration dispute over patent royalties. The two companies had agreed to enter binding arbitration regarding whether Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement.

    The final terms of the award will be issued after a hearing on May 30 but the news has already sent BlackBerry shares up as much as 19%, the most it has gone up in a single day since January 2015.

    According to Bloomberg, the refund from Qualcomm will boost BlackBerry’s cash hoard, which stood at $1.7 billion at the end of its fiscal fourth quarter, helping CEO John Chen as he continues to shift the company’s focus to software and security-focused products instead of devices. Given that BlackBerry no longer makes the phones that used Qualcomm technology it argued a refund was due.

    Despite the dispute, BlackBerry CEO John Chen said Wednesday that the companies "continue to be valued technology partners,” and BlackBerry will continue to collaborate with Qualcomm for security in the auto industry and in application-specific integrated circuits. Qualcomm on the other hand says while it does not agree with the decision, it is binding and not appealable.

    Qualcomm is currently also fighting a lawsuit filed by Apple, which has accused the company of overcharging for chips and refusing to pay some $1 billion in promised rebates.

    Permalink to story.

     
  2. ikesmasher

    ikesmasher TS Evangelist Posts: 3,050   +1,384

    Good. theyve made some really poor business decisions, but I dont want to see blackberry go under - no one else is really worried about making secure phone software and someone HAS to. even then, the priv actually is a tempting purchase for me.
     
  3. VitalyT

    VitalyT Russ-Puss Posts: 4,460   +3,016

    This isn't gonna save BlackBerry. They will continue sinking after this.
     
    MonsterZero and Reehahs like this.
  4. Lionvibez

    Lionvibez TS Evangelist Posts: 1,461   +630

    If that were true the banks would not have updated their credit rating. So I guess they know something you don't.
     
  5. VitalyT

    VitalyT Russ-Puss Posts: 4,460   +3,016

    They know how to manipulate market for their own profit. That's what banks have always been doing. So your guess is wrong.
     
  6. ikesmasher

    ikesmasher TS Evangelist Posts: 3,050   +1,384

    so raising the credit rating for a company that according to you is gonna go under soon generates....profit.
     
    Lionvibez likes this.
  7. MonsterZero

    MonsterZero TS Evangelist Posts: 564   +319

    Blackberry is still a company? rofl
     
  8. Lionvibez

    Lionvibez TS Evangelist Posts: 1,461   +630

    Yup you should try getting out more its healthy.
     

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