|Bid||55.21 x 200|
|Ask||55.52 x 1500|
|Day's Range||55.41 - 56.33|
|52 Week Range||51.05 - 71.62|
|PE Ratio (TTM)||18.47|
|Dividend & Yield||2.28 (4.01%)|
|1y Target Est||N/A|
A U.S. federal judge ruled against Qualcomm’s motion to dismiss a Federal Trade Commission case arguing that the large supplier of smartphone chips used its position to compete unfairly.
U.S. District Judge Lucy Koh of the Northern District of California in San Jose denied Qualcomm's motion to dismiss the FTC's lawsuit, saying the agency's allegations would amount to anticompetitive behavior on Qualcomm's part if proved true. In response, Qualcomm said the case is still in its early stages. "FTC will have the burden to prove its claims, which we continue to believe are without merit," Don Rosenberg, executive vice president and general counsel of Qualcomm, said in a statement on Tuesday.
Keeping busy defending his company's reputation.