QCOM acquired AMD's handset intellectual property for $65 million. The acquisition gives QCOM more multimedia options due to AMD's media assets.
Nokia and Qualcomm have ender their legal dispute and have agreed to a 15 year agreement on an overall rate structure for licensing and royalties. The agreement promises to help facilitate innovation going forward and ends the unhealthy tension between the two companies.
Qualcomm, Inc reported third quarter 2008 earnings of $0.45 per share. This missed last year's third quarter results of $0.47 per share by 3.4%.