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Qualcomm's Mollenkopf on Its Anti-Trust Battle and the Rise of 5G: CEO Daily

Posted On: Jul 18, 2019   |   Posted By: Fortune

Good morning.
Two years ago , Qualcomm CEO Steve Mollenkopf came to Brainstorm Tech in Aspen in the midst of a bruising IP battle with Apple , and confidently predicted it would be settled. It finally was, in April , causing the company's stock to soar.
Yesterday, Mollenkopf was back, and discussing another challenge- a ruling that the company's licensing practices violate antitrust laws. Again, he was confident. And adding to his confidence was a Department of Justice filing this week that sided with Qualcomm and cited the need to protect the company's business model for national security reasons. (Qualcomm is critical to “the race for 5G.”). “We think we will prevail,” Mollenkopf said.
Asked whether the legal and regulatory battles distract from the company's core business, he replied: “It's a distraction to about ten of us. But the people who are really focused on technology are still focused on it, because they love it.” That's not counting, of course, the armies of lawyers who are making their living...

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