Qualcomm (QCOM) Sinks as Judge Rules it Violated Antitrust Laws
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Get Alerts QCOM Hot Sheet
Price: $161.35 +0.73%
Overall Analyst Rating:
NEUTRAL (
Down)
Dividend Yield: 2.1%
Revenue Growth %: +0.8%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 2.1%
Revenue Growth %: +0.8%
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Qualcomm (NASDAQ: QCOM) shares are under pressure after a federal judge ruled the company violated antitrust laws.
U.S. District Judge Lucy Koh in San Jose said the company suppressed competition in the cellphone chips market and used its market dominance to exact excessive licensing fees.
Shares of QCOM last traded down 10.5% to $69.60.
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