Listen: Apple, Qualcomm And Emily Chang discussed on KCBS Radio Afternoon News
"KCBS news time to ten apple and mobile chipmaker. Qualcomm of reached a settlement centered on some of the technology that enables I phones to connect to the internet, Bloomberg technology anchor and executive producer. Emily chang. Says the surprise truce was announced today just as the court cases getting underway. She says the settlement is giving a big boost to Qualcomm shares Wellcome shares are skyrocketing. As a result of this. Apple shares are little change. And most people thought, you know, whatever happened here, it wouldn't really impact apple that much. They've got a huge cash pile. If they did have to pay a fine, and indeed they are paying some sort of one time settlement fee here that it wouldn't have great impact on Apple's. Bottom line. Qualcomm on the other. Hand they have a trove of tech patents many of them covering five technology which apple needs to include in its newest smartphones. Apple has argued that"