BlackBerry wins $815 million in dispute with Qualcomm


SAN DIEGO, April 12, 2017 /PRNewswire/ Qualcomm Incorporated (NASDAQ:QCOM) announceda binding interim arbitration award requiring Qualcomm to refund a sum of $814.9 million, plus interest and attorneys' fees, to BlackBerry Incorporated related to royalties forcertain past sales of subscriber units.

BlackBerry has won a significant royalties award from Qualcomm.

Qualcomm and BlackBerry had entered into an agreement in April a year ago to arbitrate a dispute over whether Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement between the two companies.

National Equal Pay Day highlights gender pay gap
Women are paid less than men when median annual salaries are averaged for all industries, according to estimates from the U.S. It won't happen until 2152, though, if the change continues at the slower rate that has been seen since 2001, the AAUW added.

Crosby, McDavid, Matthews players to watch in NHL playoffs
He'll stick up for himself and his teammates. "Then with the amount of hockey you play, you have to keep your energy up". The last few games of the absence appear to be more precautionary as the center will suit up for Game 1 of the playoffs.

SC Order: Telecom Industry Body Says Don't Panic, Towers Are Safe
The development comes as the long-standing debate about the health hazards associated with cell towers continues. The biggest backing to COAI's campaign on mobile tower radiation has come from IT minister Ravi Shankar Prasad.

Both companies agreed to arbitration proceedings, which led to the award announced today. The Canadian company's US -traded shares jumped more than 18 percent in premarket trade on the news.

"BlackBerry and Qualcomm have a longstanding relationship and continue to be valued technology partners", BlackBerry Chief Executive Officer John Chen said in the statement. Chen said he looked forward to collaborating with Qualcomm in security for application-specific integrated circuits and technology for automotive applications, markets BlackBerry has entered after stopping making phones to focus on software. Qualcomm was down about 1 percent at $54.81.

The suit also charges that Qualcomm is "attempting to extort" Apple into obstructing the investigation into Qualcomm's monopolistic practices. Apple alleged that Qualcomm was retaliating for being willing to work with law enforcement agencies that were investigating it.