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Fly News Breaks for August 21, 2019
QCOM
Aug 21, 2019 | 07:48 EDT
Morgan Stanley analyst James Faucette said Qualcomm's new five year agreement with LG validates his previously expressed view that Judge Koh's ruling in the FTC case is "largely irrelevant" to Qualcomm's ability to collect royalties and to their underlying economics. If either party felt like it had substantial position to gain from the 9th Circuit's eventual ruling, he does not see it as likely that an agreement would have been reached now, added Faucette, who keeps an Overweight rating and $89 price target on Qualcomm shares.
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