Listen: Qualcomm, Apple And Josh Lipton discussed on CNBC's Fast Money
"This closing at a new record high today after Qualcomm and apple settle their royalty dispute which sent Paul com. Shares soaring for San Francisco with the details. Josh so Melissa high-drama in a courtroom in San Diego. So right in the middle of opening arguments before. Before the jury apple and Qualcomm, burying, the hatchet. Putting an end to what we know was a long and very nasty legal dispute between these two tech giants the agreement dismisses all nation between the two companies. It's going to include a one time payment from apple to Qualcomm. We don't know how big a check apple is writing here companies. Also, importantly reached a new six year license agreement and a multi-year chipset supply agreement that combination of licenses and chips is going to add an estimated two bucks to Qualcomm EPS this trial was important for both companies. But we know it was especially so for Qualcomm because it really did drive right to the heart of its business model. Qualcomm sells chips, but it also licenses patents for royalty on the price of each device. And that really is Renault is its bread and butter which was under attack in this case. Now that threat what some analysts called the biggest threat has been removed and Qualcomm investors as you can see they're clearly breathing a big. Five relief. Listen. All right. Josh. Thank you, Josh Lipton in San Francisco. So that charges during the regular session up twenty three percent after another three percent Pete. I got go to you. This was a great trade. You got into quell walkie lucky just at the beginning of March. Actually, we saw some absolutely monster paper coming in. And Mel we've talked about this a couple of times on the show where everything's been very very short term. This is the one trade that went out a little bit further people were willing to bet and put money out further into the future. There was July calls that they were buying and Qualcomm, but they bought huge size melt just out of the money stock was trading under sixty at the time. And you could see this monstrous move since that time those calls have absolutely soared to the upside I had to get rid of the calls. I still own the stock right now. But"