InternetLegal Battle Over for Qualcomm, Nokia

Who won the patent fight for the mobile phone makers?

Qualcomm (NASDAQ: QCOM) and Nokia (NYSE: NOK) late on Wednesday settled a three-year, three-continent legal battle over patent licenses and royalties for the next 15 years. Nokia, the world's top mobile phone maker, agreed to make an up-front payment and pay royalties to the U.S. technology company, but said payments per phone would fall. Investors, relieved that the fight was finally over, drove Qualcomm's shares up more than 21 percent. Following the deal, Qualcomm raised its forecast for the full-year 2008 after announcing the deal with Nokia. The pact, which ends all legal cases between the two firms, covers the world's most widely used mobile phone technologies and some key emerging ones. RELATED ARTICLES Nokia Takes Qualcomm to Court Nokia Accuses Qualcomm of Double Dipping Nokia Escalates Qualcomm Patent War Nokia Accuses Qualcomm of 'Serial Litigation' Nokia Takes Qualcomm Patent Beef to ITC For more stories on this topic: The companies did not reveal specific financial details, but some analysts saw Nokia as the winner. Nokia's Chief Financial Officer Rick Simonson said the terms of the new agreements were very different from the 1992 and 2001 patent deals between the two firms. "We have recognized in this agreement and in financial terms of this agreement our very significant IPR position," he told Reuters in an interview. "There is no more disagreement, battle or any conflict between two of the leaders... [ Read more on www.internetnews.com ]

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