Qualcomm Patent Found Invalid in German Nokia Case

Qualcomm (QCOM) shares are lower this morning after a German patent court hearing an infringement case against Nokia (NOK) ruled that a Qualcomm GSM patent is invalid. As it happens, a key U.S. case between the two companies begins today in Delaware.

As Reuters notes this morning, Qualcomm wants Nokia to keep paying a royalty rate of close to five percent of revenue, but Nokia contends the rate should be lower.

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