środa, 23 lipca 2014

Qualcomm struggles to collect royalties in China, stock falls

Visitors walk past the Qualcomm stand at the Mobile World Congress in Barcelona By Noel Randewich SAN FRANCISCO (Reuters) - Qualcomm Inc's outlook for the September quarter was below Wall Street's expectations and its shares fell on Wednesday after the leading mobile chipmaker said it was having trouble collecting royalties in China. A new high-speed 4G network in China is driving fresh demand for smartphones with leading-edge technology, but Qualcomm has also faced legal and regulatory problems there, including an ongoing investigation by the country's antitrust regulator. Now Qualcomm is struggling to collect licensing revenue from some device makers in China, including a growing number of local manufacturers the U.S. chipmaker has done little or no business with in the past. "There was some impact in the quarter that we just reported in Q3 and we expect the impact will be larger in the next quarter and potentially for a number of quarters until we can get these things resolved," Qualcomm President Derek Aberle said in an interview.








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