Just a little update courtesy of Reuters
HELSINKI (Reuters) - Nokia (NOK1V.HE) has paid Qualcomm (QCOM.O) around $1 billion over 15 years for full access to the U.S. chip maker's early mobile technology patents, the world's top handset maker said in court documents.
Nokia said in a public version of a court filing in Delaware that the patents are now paid up and royalty-free, according to the terms of 1992 and 2001 agreements with Qualcomm.
As we've posted before, Nokia and Qualcomm are battling, in court, over mobile phone chipset patents. Nokia has been paying Qualcomm about $500 million per year for these patents and is trying to reduce that payment. That figure, of a half billion dollars, is roughly 10% of their (Nokia's) 2007 handset profits.
More details as they're available.
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