Qualcomm Inc. said Friday it has agreed with rival chipmaker Broadcom Corp. to end a dispute over two cases over patents held by the companies.
Financial terms and details were not disclosed.
The settlement eliminates two of several jury trials scheduled for this year between the rivals -- one involving Broadcom claims that Qualcomm infringed two of its patents and another in which Qualcomm claimed its competitor violated two of its patents.
Both cases were pending in federal court in San Diego.
The remaining patent infringement lawsuits between the companies are unaffected by this agreement. Qualcomm said it has four trials scheduled for 2007.
Qualcomm shares rose 57 cents to $42.36, while Broadcom rose 4 cents to $36.46, both in afternoon trading on the Nasdaq Stock Market.
AP
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