Qualcomm announced this afternoon that it has acquired a patent portfolio from HP that includes patents from Palm, IPAQ, and Bitfone. As you can imagine, they are indeed mobile-related, with Qualcomm saying that this acquisition “further enhances strength and diversity” of the companies patented mobile technologies. There are approximately 1,400 patents in the portfolio from the U.S. and approximately 1,000 from other countries.
Details outside of that are unknown, including how much Qualcomm paid. They did note that this “will enable the company to offer even more value to current and future licensees.”
Patents, so much fun.
Qualcomm Acquires Palm, IPAQ and Bitfone Patent Portfolio from HP
Acquisition Further Enhances Strength and Diversity of Qualcomm Incorporated’s Patented Mobile Technologies
SAN DIEGO – January 23, 2014 – Qualcomm Incorporated (NASDAQ: QCOM) and HP today announced that Qualcomm Incorporated has acquired a patent portfolio from Hewlett-Packard Company, Hewlett-Packard Development Co LP and Palm Inc. The portfolio, comprising approximately 1,400 granted patents and pending patent applications from the US and approximately 1,000 granted patents and pending patent applications from other countries, covers technologies that include fundamental mobile operating system techniques. The acquisition further enhances the strength and diversity of Qualcomm Incorporated’s industry-leading mobile patent portfolio and will enable the company to offer even more value to current and future licensees. The purchase price was not publicly disclosed.