QCOM Oct 2024 200.000 put
| Previous Close | 32.85 |
| Open | 32.95 |
| Bid | 30.35 |
| Ask | 30.75 |
| Strike | 200.00 |
| Expire Date | 2024-10-18 |
| Day's Range | 32.85 - 32.95 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 635 |
Associated Press FinanceEuropean Union court largely upholds Qualcomm antitrust penalty in 2019 case but trims fine
Qualcomm lost its legal fight on Wednesday to get a European Union antitrust penalty thrown out after a top court largely rebuffed the technology company's arguments in the case involving cellphone chipsets. The European Union's General Court said it was rejecting most of Qualcomm's appeal against the 242 million euro ($269 million) fine that the bloc's regulators issued in 2019, when they accused the company of “predatory pricing” to drive a competitor out of the market. The European Commission, the 27-nation bloc's executive branch and top antitrust enforcer, said five years ago that Qualcomm abused its market dominance in 3G baseband chipsets, selling them below the cost of production to force startup Icera out of the market a decade prior.
CNN BusinessGoogle wins challenge against $1.7 billion EU competition fine
Google won a legal challenge Wednesday against a €1.49 billion ($1.66 billion) antitrust fine from the European Union, while chipmaker Qualcomm failed to repeal a penalty.
ReutersEU court confirms Qualcomm's antitrust fine, with minor reduction
Europe's second-top court largely confirmed on Wednesday an EU antitrust fine imposed on U.S. chipmaker Qualcomm, revising it down slightly to 238.7 million euros ($265.5 million) from an initial 242 million euros. The European Commission imposed the fine in 2019, saying that Qualcomm sold its chipsets below cost between 2009 and 2011, in a practice known as predatory pricing, to thwart British phone software maker Icera, which is now part of Nvidia Corp. Qualcomm had argued that the 3G baseband chipsets singled out in the case accounted for just 0.7% of the Universal Mobile Telecommunications System (UMTS) market and so it was not possible for it to exclude rivals from the chipset market.
