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Qualcomm Owes Blackberry Almost A Billion Dollars in Post-arbitration Final Award
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Qualcomm Owes Blackberry Almost A Billion Dollars in Post-arbitration Final Award

by Samuel OnyikeMay 28, 2017
The final quantity in Qualcomm’s arbitration with has been determined. In previous coverage of the arbitration settlement, the quantity owed by Qualcomm to BlackBerry for overpayment of royalties was pegged at $814 million. 
Now that interest and attorneys fees have been added in, the total amount to be paid out has been set at $940 million. That’s almost a billion dollars that Qualcomm has to pay BlackBerry by May 31st.

It’s a good thing that Qualcomm agreed to arbitration, or fees to be added in might have been even higher. Long, drawn-out lawsuits tend to be more expensive to litigate than arbitrations. Yesterday’s announcement made a decent dent in Qualcomm’s stock, pulling off almost a dollar or a bit under 2%. BlackBerry’s stock price saw a corresponding increase at around 25 cents (or a bit over 2%), though it was much smaller than Qualcomm’s loss. Unfortunately for BlackBerry, it seems its price suffered some corrections in after-hours trading, and it’s right back where it was before.

The short spike did bring BlackBerry to a four-year high. Combined with the recently released KEYone, perhaps things are looking up for the company. Unfortunately for Qualcomm, the lawsuits with and pending FTC antitrust litigation probably won’t spell great for it in the future.
-android police

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About The Author
Samuel Onyike
Epigrammatic tech-savvy writer. He loves to write on the ever changing technology topics and sees the human mind as the first virtual reality. Samuel doesn't need a manual to use a device even for the first time. He'll beat you in football games.

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