Qualcomm: Deal with Nokia not likely

Nov 14 2006 - 02:57 PM ET | Backpage, Nokia

Qualcomm's president is not optimistic [WSJ, subscription req.] that his company can come to terms with Nokia before their existing agreement lapses in April. If a deal cannot be made in time, both companies will have to stop selling components they make under the licensed patents.

"What happens in that case, under the current agreement their rights to sell handsets -- WCDMA, CDMA 2000, other forms of CDMA handsets under most of our patents including our essential patents -- expires. Our rights to sell chips under their patents also expires," he [Qualcomm President Steven Altman] said.

Nokia has already essentially given up on CDMA, instead choosing to license Pantech models.