 "BlackBerry wins $815 mn in dispute with Qualcomm over royalty overpayments")
BlackBerry says it has been awarded $814.9 million in a binding interim arbitration decision in a dispute with Qualcomm Inc over royalty overpayments.
The two companies agreed last year to arbitrate a disagreement regarding whether Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement.
BlackBerry Chief Executive Officer (CEO) John Chen said on Wednesday in a statement the two companies have a longstanding relationship and continue to be valued partners.
BlackBerry says a final award including interest and reasonable legal fees will be issued after a hearing on May 30.
Qualcomm says while it does not agree with the decision, it is binding and not appealable.
The San Diego-based chip maker says the decision is limited to provisions unique to BlackBerry's license agreement with Qualcomm.
The two companies agreed last year to arbitrate a disagreement regarding whether Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement.
BlackBerry Chief Executive Officer (CEO) John Chen said on Wednesday in a statement the two companies have a longstanding relationship and continue to be valued partners.
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Qualcomm says while it does not agree with the decision, it is binding and not appealable.
The San Diego-based chip maker says the decision is limited to provisions unique to BlackBerry's license agreement with Qualcomm.
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