Chipmaker Qualcomm announced a binding interim arbitration award requiring Qualcomm to refund a sum of $814.9 million, plus interest and attorneys’ fees, to Canada’s BlackBerry Incorporated related to royalties for certain past sales of subscriber units.

Qualcomm’s shares were down about 2 percent at $54.20. The dispute started in 2016 following Qualcomm’s agreement to cap certain royalties applied to payments made by BlackBerry under a licensing deal.

Qualcomm said on Wednesday it does not agree with the decision of the arbitration panel, but the payment is binding and not appealable.

While the company would not comment on plans for the sudden cash influx on Wednesday, BlackBerry CEO John Chen offered a preview of his plans for the coming fiscal year at a roundtable with reporters on March 31.

“We’re going to be careful and thoughtful, we’re not going to be crazy,” he said at the time, after describing how the past nine months had been relatively quiet after a six-company buying spree through 2014 and 2015. “Every time you say this to investors they get really jittery because, ‘The guy has money, and he has time to use it, the guy’s going to do bad deals.’ I want to be careful in how we use our money. We need to invest the cash in the business and grow it.”

BlackBerry , which has a market valuation of about C$5.45 billion, reported revenue of C$1.31 billion in 2016, while Qualcomm, which has a market capitalization of $81.75 billion, reported a revenue of $23.5 billion.

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Ankur Chandra

A software engineer by education, Ankur is go-getter, who leaves no stones unturned to find a solution to a problem. He is passionate about technology and automobiles. And, is a big foodie at heart. Watching cartoons is his favourite off-field indulgence. At KnowStartup, he is an integral part of the editorial team.

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