"Apple employs technologies invented by Qualcomm without paying for them", says Qualcomm spokeswoman Christine Trimble.
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Schneiderman says the decision is unacceptable, "cruel" and illegal. Schneiderman said he expected other states to join in the suits. The gist of the complaint to be filed in the U.S.
Apple, of course, says the claims by Qualcomm have no merit. However, China has been Apple's fastest-growing market until pretty recently, and it's where iPhones are manufactured. The Cupertino company has historically used Qualcomm's modems in its phones, though it's recently switched to Intel chips for that goal. "In our many years of ongoing negotiations with Qualcomm, these patents have never been discussed and in fact were only granted in the last few months", an Apple spokesperson said.
If Qualcomm were to succeed, Apple's ability to quickly assemble iPhones would be gutted, while sales of iPhone devices would take a heavy hit.
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Energy Transfer Equity, L.P. (NYSE:ETE) ended its day with of -0.22% and registered the last transition at the value of $18.20. Following the purchase, the director now owns 20,000 shares of the company's stock, valued at approximately $258,400.
The gloves are coming off I'm the legit brawl between two major players in the smartphone industry: Qualcomm and Apple. In July, it filed a similar claim in the United States, pointing to six patents that it said Apple was in violation of.
The legal battle started earlier this year when Apple filed an antitrust suit against Qualcomm arguing that the chipmaker's licensing practices are unfair, and that it abused its position as the biggest supplier of chips in phones. Apple proceeded to file suits making similar claims around the globe, and Qualcomm fired back in various places contending patent infringement.
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Also, CFO Gunnar Wiedenfels acquired 20,000 shares of Discovery Communications stock in a transaction dated Tuesday, August 1st. Mn Services Vermogensbeheer B.V. lifted its position in shares of Discovery Communications by 482.6% in the 2nd quarter.
Between the $2 billion in licensing fees Apple is refusing to pay and the $773 million fine from Taiwan's Fair Trade Commission, Qualcomm is now looking at an empty dinner plate.