Read in a few places that the legal teams representing Qualcomm in the lawsuits ( Apple lawsuits and the FTC charges) are burning money like a drunk billionaire. I knew that this was gonna cost the company a lot of money, but did this get out of hand to a degree that it harms the company in its everyday business. Do we need to be afraid that costs will rise to a point that Qualcomm need to let go workers and save costs in order to pay for its litigation?
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To OP, short answer : yes. Long answer, hell yes, watch the annual meeting with further announcments.......
You forget the already spent hundreds of millions on the (failed) appeal to the Korean supreme court.
HARD FACT : every $ spent on lawyers&litigation costs is a $ that could have been deployed elsewhere like :
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productive R & D
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marketing and promotion of launched products
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salaries/benefits/enabling engineering to drive the next innovations
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spending on #WeInvent
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and even return to shareholders or stock buybacks
Every $ spent on drunken billionaires and wasteful litigation is a $ less elsewhere