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QCOM QUALCOMM Inc

179.505
-0.595 (-0.33%)
Last Updated: 20:32:38
Delayed by 15 minutes
Share Name Share Symbol Market Type
QUALCOMM Inc NASDAQ:QCOM NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.595 -0.33% 179.505 179.49 179.52 183.19 177.80 182.24 7,204,527 20:32:38

Qualcomm Shares Up After DOJ Puts Antitrust Case on Hold

17/07/2019 3:30pm

Dow Jones News


QUALCOMM (NASDAQ:QCOM)
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From May 2019 to May 2024

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   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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