Qualcomm Abandons Bid For Damages In Licensing Spat With TI

Law360, New York (August 17, 2004, 12:00 AM EDT) -- In a move designed to protect its licensing agreements with other companies, Qualcomm has abandoned its bid for at least $18 million damages from Texas Instruments in its lawsuit over TI’s alleged breach of a licensing deal for CDMA technology.

On Monday, just as the two companies were expected to start a three-day trial in Chancery Court in Georgetown, Del., over the amount TI owed Qualcomm for breaching the agreement, Qualcomm chose to dismiss its claim.

"We'd rather give up the claims than have to disclose...
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