Two of the biggest movers and shakers in LBS, Qualcomm ( QCOM ) and Nokia ( NOK ), announced that all outstanding lawsuits had been settled. Under a 15-year agreement, the two companies have resolved difference covering various Qualcomm patents for use in Nokia devices. In a separate announcement, Qualcomm announced (PDF) their third Q3 results and revised guidance slightly downward for the remainder of the year but it did not dampen the deal with Nokia; QCOM stock soared 20% in earth trading today. ...
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