The court has finally stated the final word. Last month we reported that Qualcomm, the chipset giant will pay BlackBerry $815 Million for royalty payments that were too high. Today the court ruled that Qualcomm will pay BlackBerry $940 Million instead.
Qualcomm got royalty payments from BlackBerry for using its chipset, but apparently they received more then they should, under the contract with BlackBerry.
Much has been said about this win for BlackBerry, as they fight to maintain their intellectual rights. With $940 million BlackBerry can continue their growth in software and Cyber Security, and invest in more companies that have the same vision.
BlackBerry stock is on the high since the first report of the Qualcomm vs BlackBerry, and for now its around the $11.20.