Saturday, February 24, 2007

Federal Court Dismisses Antitrust Lawsuit Against Qualcomm Brought by Golden Bridge

Qualcomm Inc. on Friday said a federal court dismissed an antitrust lawsuit brought by Golden Bridge Technology Inc. against the chipmaker and six other companies.

The complaint, filed in 2005, charged that the defendants conspired to exclude Golden Bridge technology from a wireless industry standard. The U.S. District Court for the Eastern District of Texas dismissed the complaint on Feb. 16.

The six other defendants named in the lawsuit are electronics and wireless telecommunications companies Ericsson, Lucent (now Alcatel-Lucent), Motorola, Nokia, NTT DoCoMo and Panasonic.

Qualcomm said this is the second antitrust lawsuit to be dismissed in six months. In September, the U.S. District Court for the District of New Jersey dismissed an antitrust lawsuit by rival chipmaker Broadcom Corp.

Qualcomm shares rose 26 cents to $43.05 in morning trading on the Nasdaq Stock Market.

AP

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