Qualcomm’s Mounting Legal Troubles Take a Toll

The week did not begin well for Qualcomm (NASDAQ: QCOM) or its shareholders. After news of the $1 billion lawsuit Apple filed against the mobile chip king hit the Street on Friday, investors were anxiously awaiting Monday’s opening bell. When it came, Qualcomm stock immediately nosedived and didn’t stop, falling 13% by day’s end. …read more

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