Qualcomm Shares Up After Hours After DOJ Seeks Hold on Antitrust Ruling
July 16 2019 - 6:31PM
Dow Jones News
By Stephen Nakrosis
Shares of Qualcomm Inc. (QCOM) are rising in Tuesday's
after-hours market, following media reports the U.S. Department of
Justice asked a court to hold an antitrust order that would have
made the company change the way it licensed its patents.
At 5:53 p.m. ET, Qualcomm shares had gained 4.12% to trade at
$78.85. Over 800,000 shares had traded in the after-hours session.
The company's shares closed the day's regular session with a gain
of 0.32% to finish at $75.67.
Bloomberg reported the Justice Department, citing national
security concerns among others, asked the U.S. Court of Appeals in
San Francisco to put a hold on the order until the company could
appeal.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
July 16, 2019 18:16 ET (22:16 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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