Blockbuster court ruling will force Qualcomm to change the way it does business

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Ever since April 16th, things had been going swimmingly for Qualcomm. From the moment that the company announced its settlement with Apple, once again allowing it to supply modem chips for the iPhone, things were looking up for the chip maker. For example, the stock had soared from $57 to $89 in weeks. But then, Qualcomm’s luck drastically changed. Last week, Huawei was put on the Entity List preventing it from easily obtaining parts and components from U.S. firms like Qualcomm. And today, CNET reports that Qualcomm was socked by a blockbuster legal ruling made by Judge Lucy Koh.
Judge …

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