Qualcomm's Big Patent Setback

A new ruling could mean hundreds of millions of dollars in lost revenues for Qualcomm. Its customers will be hurt as well
Qualcomm CEO Paul Jacobs Chung Sung-Jun/Getty Images

Qualcomm officials had little cause for celebration on New Year's Eve. Late on Dec. 31, a judge in U.S. District Court in California handed down a decision that may crimp Qualcomm (QCOM) sales and force the chipmaker to begin paying royalties to a competitor for the first time.

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