Patent pugilism weighs on Qualcomm quarterlies

There’s nothing Qualcomm likes more than a good old patent scrap, but the cost of them is starting to take its toll on the bottom line.
Qualcomm’s recent quarterly numbers made awkward reading, if you looked at the GAAP (generally accepted accounting principles) table, rather than the non-GAAP one (see below). Revenues were down 10% year-on-year and net income was down 36%. The reasons for this were the following one-off items included in the GAPP numbers but not the non-GAAP on