Qualcomm Statement on European Competition Authority Announcement

Jul 16, 2015, 03:39 ET from Qualcomm Incorporated

SAN DIEGO, July 16, 2015 /PRNewswire/ -- We were informed that the European Commission has taken the procedural step of "initiating proceedings" against Qualcomm with regard to the two ongoing investigations into Qualcomm's sale of chipsets for mobile devices. This step allows investigators to gather additional facts, but it represents neither an expression by the Commission on the merits of the case nor an accusation against the Company.  While we were disappointed to hear this, we have been cooperating and will continue to cooperate with the Commission, and we continue to believe that any concerns are without merit.

Qualcomm (NASDAQ: QCOM) Contacts:
Tina Asmar, Corporate Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com  

Warren Kneeshaw, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com 


SOURCE Qualcomm Incorporated