Qualcomm hangs on to most Apple gains after earnings report
The stock kept most of the 50%-plus gains of the past few weeks, reflecting investor relief that Qualcomm had found a path to resume supplying chips to the iPhone.Qualcomm will book a one-time payment of $4.5 billion to $4.7 billion in the fiscal third quarter from the settlement, as Apple catches up on royalties that the iPhone maker did not pay while they were locked a legal dispute.Excluding that payment, Qualcomm estimated $4.7 billion to $5.5 billion in revenue, generally below the $5.29 bi
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