Qualcomm Shares Up After DOJ Puts Antitrust Case on Hold
17 Julio 2019 - 9:30AM
Noticias Dow Jones
By Dave Sebastian
Shares of Qualcomm Inc. (QCOM) rose 4% Wednesday after the
Justice Department on Tuesday threw its support behind the wireless
chip-maker in its bid to put on hold a Federal Trade Commission
antitrust ruling that would have made the company change the way it
licensed its patents.
The department said that allowing a lower court's ruling to take
effect during the appeal would hamper national-security interest by
putting the U.S. behind in the race to 5G communication
technology.
The FTC in January 2017 filed a complaint against Qualcomm in a
federal district court for using anti-competitive tactics to
preserve monopoly in baseband processors.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
July 17, 2019 10:15 ET (14:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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