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Qualcomm faces US$80m charge
Posted: 12-Dec-2000 [Source: FT]

[Qualcomm in royalties dispute with the Korean Electronics and Telecommunications Research Institute.]

By Jonathan Moules in New York -- "Qualcomm, the US wireless communications company, said it will take a first-quarter charge of $80m as a result of an International Court of Arbitration ruling in a dispute over royalties.

"The dispute, with the Korean Electronics and Telecommunications Research Institute, involved royalty revenues from sales in Korea of Qualcomm's Code Division Multiple Access (CDMA) wireless standard.

"Qualcomm, which has 65m users of its CDMA standard, will report the charge for the three months ending December 31.

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