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Qualcomm purchases large patent portfolio from HP

Qualcomm is the new owner of a large patent portfolio previously owned by HP that includes patents from Palm, and other Mobile Patents.

@CharlesJGantt
Published Fri, Jan 24 2014 2:10 PM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

This morning HP announced that it has sealed a deal in which Qualcomm will purchase an extensive mobile patent portfolio that includes patents associated with Palm, HP's iPAQ, and Bitfone. In total HP will sell more than 1,400 patents to Qualcomm for an undisclosed sum.

Qualcomm purchases large patent portfolio from HP | TweakTown.com

Qualcomm makes about 32-percent of its annual revenue from licensing patents it owns, and this portfolio acquisition from HP will certainly help boost those revenues to an even higher percentage in 2014. In a statement Qualcomm said that the patents include "technologies that include fundamental mobile operating system techniques" and will "enable the company to offer even more value to current and future licensees."

HP says that it will retain a license to all the patents it sold as part of the deal, and it will continue to develop new mobile devices. Unfortunately, no word was given on how this affects LG who purchased WebOS' source code last year, but did not pick up the patent that now belongs to Qualcomm. Qualcomm and HP have a good relationship so I expect things will continue on as normal.

NEWS SOURCE:techreport.com

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

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