Verizon Cuts Its Own Deal With Broadcom
Jul 19, 2007, 9:04 PM by (staff)
Verizon today announced it has licensed Broadcom's power-saving patents, and will cease backing Qualcomm's efforts to appeal the ITC ruling. Verizon Wireless will pay Broadcom's original asking price of $6 per unit with a ceiling of $40 million per quarter and a lifetime cap of $200 million. Even if the ITC ban is not overturned, Verizon's new license will allow it to continue importing and launching new EV-DO phones in the US. The move is seen as a blow to Qualcomm, which re-iterated its continuing effort to get the ITC ruling overturned after today's announcement.
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Comments
well.. I will say waiting for the american "justice" system to pass judgement would be like fiscal suicide.. I haven't looked at the ruling but I wonder if its just one of those things there a company says "we thought this would be a good idea first" ...
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Guess verizon is anxious to deliver some more stale hand sets.
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There is more than two chp makers Used by gsm phone manufacturers. This affects cdma carriers more than gsm. Motorola is hit by this. But Nokia and SE are not majorly affected.
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