Qualcomm Inc. (QCOM) is asking a federal judge to hold off on enforcement of her recent antitrust ruling while the chip giant prepares its appeal, Reuters reported ( ) late Tuesday. Qualcomm argued that changes to its basic business model made now to comply with the ruling would be too difficult to unwind if the ruling is eventually overturned on appeal, Reuters said, and Qualcomm appears confident it will win its appeal. Qualcomm shares have been on a roller-coaster of late, shooting up after resolving its longstanding dispute ( ) with Apple Inc. (AAPL), then plunging after last week's ruling by Judge Lucy Koh ( ) in San Jose, Calif. Still, its shares are up about 15% year to date.
-Mike Murphy; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
May 28, 2019 22:08 ET (02:08 GMT)
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