JPMorgan argues the Delaware District Court judgement favoring Qualcomm (QCOM) in a lawsuit with Arm (ARM) “first and foremost puts to bed a lot of uncertainty in the mind of investors relative to financial implications of an unfavorable judgement and potentially any effect from cancellation of a license.” Despite the favorable outcome, the firm would not rule out further litigation from Arm and potentially a “more amicable approach” from Qualcomm to allow tweaking of the financial terms of ALA licenses in the medium-term, but the ruling on Friday “handed Qualcomm a significant leverage for any future litigation,” adds the analyst, who keeps an Overweight rating on Qualcomm shares.
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Read More on QCOM:
- Qualcomm (QCOM) Rises after Winning Legal Battle Against Arm
- Qualcomm comments on trial verdict that it did not breach Arm license
- Jury finds Qualcomm did not breach Arm license in Nuvia deal, Bloomberg says
- Qualcomm jumps 3% to $157 after jury finds Arm license not breached
- Qualcomm CEO told jury business suffered due to Arm, Bloomberg says
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
