It is not clear whether Apple's contract manufacturers will underpay royalties owed under their contracts with us in the third quarter of fiscal 2017, which could have a negative impact on our financial results. However, our revenues were not negatively impacted as the contract manufacturers acknowledged the amounts are due and the underpayment was equal to the amounts that Qualcomm has not paid Apple under our Cooperation Agreement (that expired Dec 31, 2016) that are now in dispute.
The amount of the shortfall was redacted from a countersuit that Qualcomm filed against Apple on April 10.
The San Diego-based chipmaker reported Q2 earnings per share (EPS) of $1.34, which was $0.14 better than the Wall Street consensus estimate of $1.20.
Despite the litigation worries, revenue in the Qualcomm Technology Licensing business rose about 5 percent to $2.25 billion, ahead of the analysts' estimate of $2.24 billion, according to research firm FactSet StreetAccount.
Apple's legal action came after anti-trust regulators in South Korea and the US challenged Qualcomm patent licensing business. Net income fell from $1.2 billion last year to $700 million this year. Qualcomm has called Apple's claims "baseless" and has accused Apple of "encouraging regulatory attacks".
Aaron Hernandez's brain will be examined for CTE
Hernandez and he was transported to UMASS Leominster where he was pronounced dead at 4:07 a.m.by a physician at the hospital". One of Aaron Hernandez's lawyers says the ex-NFL star spoke with his fiancee hours before his apparent suicide in prison.
Netflix growth slows down
That proved to be a huge success for Netflix when they entered the global market and it looks like Amazon is right on their heels. All over the world, HBO has around 134 million subscribers and provides the internet-only option. "So it's a risky business".
For the quarter ended in March, analysts are expecting the company to report earnings of $1.19 per share on revenue of $5.9 billion. Market share gains in China, chip sales for the launch of Samsung's new Galaxy S8 and catchup royalty payments in China were driving the expected results.
Qualcomm also raised its quarterly dividend by 7.5% from$0.53 per share to $0.57. Shortly after the FTC filed its complaint, Apple levied a lawsuit against Qualcomm, accusing the company of charging unfair royalties for "technologies they have nothing to do with".
Rasgon, the Bernstein analyst, noted that in past patent spats with LG and others, Qualcomm has deferred recognizing royalty revenue from the company involved - even when it had already received payment - until a resolution was reached.
It could take the same stance with Apple, which appears to be ready for a long fight, Rasgon said.
White House looking to revive reapl of Obamacare
However, centrists worry that the conservative plan would erode the Obamacare benefit, leaving them to face soaring costs. The elimination of premiums for pre-existing conditions is among the most popular elements of the Affordable Care Act.
More than 1000 register to run for presidency in Iran
More than 120 people, including six women, submitted their names on the first day of registration on Monday, local media reported. The disputed re-election of Mr Ahmadinejad in 2009 triggered the biggest protests in Iran since the Islamic Revolution in 1979.
Chicago EPA office denies rumors of closing
It was the latest in a slew of actions by Pruitt to set aside environmental regulations opposed by corporate interests. Housing officials said their goal is to move out all families by May. "We can't drink the water".
New Survey Finds Meltwater Is Flowing Across Antarctica
But an efficient river system like that found on Nansen could actually protect the ice shelf, Bell and her colleagues posit. The researchers observed that meltwater ponds lurking in Antarctica can be up to several miles wide.
Wichita police getting new uniforms
White said they've had complaints about the uniforms over the years, and the uniforms also vary in color and style. The new uniforms - provided by two different companies - will be phased in over the next two years.