Qualcomm shares sank Wednesday, after a U.S. judge hammered Qualcomm in its antitrust case. davidfaber explains what it might mean for Apple and Huawei.
It is unclear whether the sanctions will be challenged by the U.S. Department of Justice, which had asked Koh on May 2 to hold a hearing on that matter if Qualcomm were found liable.
She also said Qualcomm's monopoly power in modem chips enabled the company to sustain "unreasonably high" royalty rates not justified by its contributions to the marketplace. She also found Qualcomm know its licensing practices harmed competition "yet continued anyway" despite government investigations in China, Japan, Korea, Taiwan, the European Union and the United States.
Koh also said testimony from some Qualcomm witnesses "lacked credibility," faulting Chief Executive Steve Mollenkopf and others for giving "long, fast, and practiced narratives" and saying company emails and notes contradicted his testimony.
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