Enter multiple symbols separated by commas

Federal Regulators Delay Decision on Broadcom-Qualcomm Dispute

Federal officials delayed a decision on a patent dispute between wireless chipmaker Qualcomm and smaller rival Broadcom by two weeks.

The U.S. International Trade Commission said late Friday it will delay its decision by 13 days as the agency decides if it will implement a ban requested by Broadcom for domestic sales of certain wireless phones using chips made by Qualcomm .

In thin after-hours trading Friday, Qualcomm shares rose 1% while Broadcom shares fell slightly.

Earlier this week, the companies dismissed a Deutsche Bank report which said they had settled their legal disputes.

Bear Stearns analyst Avi Silver recently expressed skepticism that the ITC would impose a ban on phones with Qualcomm chips.

"It would be exceedingly difficult for the ITC to punish Qualcomm while at the same time not having a meaningful effect on Verizon, Sprint, Cingular, T-Mobile, LG, Samsung, others -- and ultimately consumers," Silver wrote in a May 22 client note.

"We would also keep in mind that the FCC asked the ITC not to impose a remedy on downstream products, citing the overall harm to the telecom landscape," he said.

Qualcomm is also in a separate legal dispute with Nokia , the world's largest cellphone maker, after the companies failed to reach a new licensing contract agreement.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • Dani Mathers, the 2015 Playmate of the Year, poses during a luncheon on the garden grounds of the Playboy Mansion in Los Angeles, May 14, 2015.

    Playboy on Thursday launched its completely safe-for-work mobile app Playboy NOW, part of a strategy to make more mainstream content.

  • Li Hejun, Hanergy Holding Group

    In the history of sudden wealth loss, Li Hejun may have set a new record.

  • Marc Cuban

    Ask Mark Cuban what the next big thing in technology is, you'll get an answer straight out of a science fiction film.

U.S. Video

  • Summer stock moves

    CNBC's Dominic Chu takes a look at the old adage: "Sell in May and go away," to see if there are some stocks investors may want to put on summer retreat this year.

  • Unicorn bubble trouble brewing?

    Kevin Kinsella, Avalon Ventures founder, provides insight into venture capital firms betting big on startups and whether the play is getting too crowded.

  • Destination Cuba

    Nathan Lump, Travel + Leisure editor, discusses tourism potential in Cuba, and summer travel deals abroad.