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EC drops Qualcomm anti-trust investigation

by Sylvie Barak on 25 November 2009, 08:29

Tags: European Commission, Qualcomm (NASDAQ:QCOM)

Quick Link: HEXUS.net/qau2a

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Common sense, says Qualcomm

Don Rosenberg, Qualcomm's executive vice president and general counsel, said his firm was "extremely pleased to learn of the European Commission's announcement," after four years of investigation. 

"Throughout the investigation we have fully cooperated with the Commission, while steadfastly maintaining that our business practices have enhanced consumer welfare," he said. 

"Indeed, during the length of the investigation, the wireless industry and 3G in particular has flourished; benefiting consumers with technological advances, greater choices and lower prices. Qualcomm's technology and innovations have been at the forefront of these developments and our licensing model, driven by our enormous investments in research and development, has facilitated worldwide competition in our industry."

Another Qualcomm vice president and president of Qualcomm Europe, Andrew Gilbert, added his exuberance to the fray, noting he was "delighted with the decision to drop the case," and adding "common sense has prevailed."

"From the outset we said that there was no case to answer and this decision by the EC, after four years of investigation, vindicates that position. This decision is not only important for Qualcomm but any company that has innovation at its core," he declared.

"Over the course of the last four years we have been able to demonstrate that Qualcomm is a catalyst for competition in the mobile market and that our business model is driving prices down for the consumer."