A federal judge grants an injunction ordering Qualcomm to renegotiate its licensing agreements.
just a day after the companies began court proceedings in San Diego, where each sought billions in damages. Like the FTC, Apple argued Qualcomm abused its dominant market position to impose unfair prices and licensing provisions.
The analysts, who rated Qualcomm's stock at market perform, said the order that Qualcomm must renegotiate licenses would be "onerous" but suggested it may be able to "be contained" among its larger customers who already have good deals.Raymond James analysts said Qualcomm's appeals process is likely to create "uncertainty."
"If the ruling were to stand, it would have the potential to upend Qualcomm's licensing model, forcing them to renegotiate agreements with existing licensees, ostensibly at lower rates, and potentially license technology as a percentage of the much lower chipset price rather than the handset price," the analysts said in a note Wednesday.
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