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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 |
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.
1 Year QUALCOMM Chart |
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