Shares of Qualcomm (QCOM) might have dropped along with the broader market in this week’s bloodbath, but the decline was counterbalanced by some good news.The U.S. Court of Appeals for the Ninth Circuit sided with Qualcomm when denying the FTC’s (Federal Trade Commission) request for an en banc hearing.The FTC filed its petition on Sep 25 following the Ninth Circuit Appellate Court’s ruling to reverse a lower-court decision against Qualcomm.Qualcomm had originally lost an antitrust case against the FTC after it accused the chipmaker of anticompetitive patent licensing in an attempt to tighten its grip on the smartphone modem chip …read more
Source:: Yahoo Finance
