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Old 03-30-2010, 03:17 PM   Nav to Top  #1
Finco05
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Default Qualcomm fighting to $1B lawsuit by GWLK.PK and nobody knows about it - yet.

This is strictly informative. Not bashing Qualcomm as any settlement would have zero (0) impact on their share price but would greatly impact the shares of GWLK. Unless you have been following GWLK, you wouldn't hear about this case. It is just now getting to the point where Qualcomm may have to legally disclose what is going on. In addition as discussed below, GWLKs new highly regarded law firm has not provided a press release yet.

GWLK is suing Qualcomm for $1B+ in technology theft (GPS -- which drives a large % of Qualcomms revenue).

How this all came about (again at high-level):
Some 10 years ago Qualcomm purchased snaptrack for $1B in stock to gain access to snaptrack's GPS technology . Apparently unknown and not revealed to Qualcomm, Snaptrack had an agreement with a subsidiary owned by GWLK that all technology owned and developed would be jointly shared/owned 50%/50%.
Bottom line, Qualcomm only bought Snaptrack and failed to purchase Gabriels sub which legally owns 50% of the GPS technology being used globally by Qualcomm today.

The court case to date: GWLK has gone through the Motion to Dismiss court process (San Diego, Cal court) and Qualcomm was not able to get the case dismissed.
This last Friday, GWLK engaged the law firm - Hughes Hubbard Reed to represent them. This firm is #1 in NY and #2 nationally. As of now, you would only know this if you were following GWLK. At some point, I expect Hughes Hubbard to have some sort of press release that they are taking on this $1B+ lawsuit which will not only bring credibility but also a lot more people globally checking this out

Hughes Hubbard and Reed

I don't see a top firm like this taking on the case of a pink sheet company with no operating business unless they are very comfortable with the merits and outcome of the case.

This last Monday 3/29, both parties met in the Judges chambers for Early Neutral Evaluation.

Below is a link to a site that has most all of the court documents.

Index of /~kjwhelan

If you review GWLK history, you will see there was an old board (pre 1q2009) that didn't run things too well. A new board has come on and brought in the new top ranked law firm to take over and is going after the old board to recoup stock, % interest in the case, etc that they unjustly enriched themselves with.

Gabriel Technologies Corporation
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Old 04-02-2010, 10:52 AM   Nav to Top  #2
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Default QCOMM - GWLK $1B Court Date Set

04/01/2010 63 PRO HAC VICE APPOINTED: Peter A. Sullivan appearing for Plaintiff Gabriel Technologies Corporation. (All non-registered users served via U.S. Mail Service)(leh) (Entered: 04/01/2010)
04/01/2010 62 PRO HAC VICE APPOINTED: Gregory M. Williams appearing for Plaintiff Gabriel Technologies Corporation. (All non-registered users served via U.S. Mail Service)(leh) (Entered: 04/01/2010)
03/30/2010 61 SCHEDULING ORDER: Mandatory Settlement Conference set for 12/6/2010 at 10:00 AM in the Chambers of Magistrate Judge Louisa S Porter. Final Pretrial Conference set for 8/15/2011 at 2:30 PM in Courtroom 05 before Judge Michael M. Anello. Trial set for 9/13/2011 at 9:00 AM in Courtroom 05 before Judge Michael M. Anello. Memorandum of Contentions of Fact and Law due by 7/18/2011. Proposed Pretrial Order due by 8/8/2011. Signed by Magistrate Judge Louisa S Porter on 3/30/2010.(leh) (Entered: 04/01/2010)
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Old 04-10-2010, 07:41 AM   Nav to Top  #3
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Default GWLK v QCOMM $1B lawsuit ruling update

GWLK v QCOM update

New ruling on Gabriel Technologies / Qualcomm $1B+ lawsuit:

Modified Scheduling ORDER - The parties shall enter into a stipulated protective order on or before 04/16/10. The parties shall stipulate to an agreement regarding discovery of Electronically Stored Information ("ESI") on or before 04/16/. Signed by Magistrate Judge Louisa S Porter on 04/09/10.(All non-registered users served via U.S. Mail Service)(jpp) (Entered: 04/09/2010)



Link to court filings:
*Index of /~kjwhelan
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Old 05-13-2010, 12:09 AM   Nav to Top  #4
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LA Times article on QCOMM / GWLK
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Old 03-21-2018, 09:38 AM   Nav to Top  #5
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China’s officials are trying to provide more protections to local companies before approving #Qualcomm Inc.’s proposed purchase of NXP Semiconductors NV. China is not satisfied with the remedies that #QCOM has offered and has told the U.S. chipmaker to propose more. You can have a detailed competitor analysis and also check the financials here: https://goo.gl/hPQj9q #NASDAQ #IT
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Old 04-16-2018, 06:12 AM   Nav to Top  #6
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Qualcomm declared that they are going to refile an antitrust application to clear its $44 billion acquisition of NXP Semiconductors. QCOM has already received consent from eight of nine required global regulators to finalize the takeover. You can analyze the stock here and get daily updates: https://goo.gl/CPLPnz
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