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Technology Stocks : Sequans, the investors board
SQNS 7.070-0.7%10:11 AM EDT

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From: w0z5/22/2019 10:09:44 AM
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SQNS up 7%

Qualcomm practices violated antitrust law
May 22, 2019 5:38 AM ET|About: QUALCOMM Incorporated (QCOM)|By: Yoel Minkoff, SA News Editor

U.S. District Judge Lucy Koh has sided with the FTC in an antitrust case, saying Qualcomm (NASDAQ: QCOM) "strangled competition" by charging unreasonably high royalties for its patents.

She ordered Qualcomm to renegotiate licensing agreements with customers free of unfair tactics - such as threatening to cut off access to its chips - and said it can't sign exclusive supply agreements with smartphone makers like Apple (NASDAQ: AAPL), which last month settled a lawsuit and agreed to continue paying licensing fees.

The decision could challenge the company's business model and will require Qualcomm to submit to monitoring for the next seven years.

QCOM -12% premarket
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