A Federal appeals court opened the door for Broadcom (BRCM) to press antitrust legal action against its larger rival Qualcomm (QCOM).
The move is another set-back for Qualcomm which is in disputes with several firms, including its largest customer, Nokia (NOK).
Broadcom’s shares are up nearly 25% over the last year. Qualcomm’s are up about 2%.
Douglas A. McIntyre