Qualcomm Rejects Nokia’s $20M Olive Branch

Law360, New York (April 12, 2007, 12:00 AM EDT) -- A tentative deal between rivals Nokia Corp. and Qualcomm Inc. to bury the hatchet in a long-running feud over technology patents has been shattered, with Qualcomm on Thursday announcing that it has rejected Nokia’s $20 million payment offer brokered just last week.

Qualcomm said in a statement on Thursday that it notified Nokia that it was backing out of the deal on Wednesday because “both the amount of the payment and the terms that Nokia sought to unilaterally impose in connection with it are at odds...
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