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U.S.-listed shares of BlackBerry were up about 16 percent at
$8.94 in heavy premarket trading. Qualcomm was down about 1
percent at $54.81.
The companies in 2016 decided to arbitrate a dispute over
Qualcomm's agreement to cap certain royalties applied to
payments made by BlackBerry under a licensing deal.
Qualcomm said on Wednesday it does not agree with the decision
of an arbitration panel, but the payment is binding and not
appealable.
Qualcomm is also fighting a lawsuit filed by Apple Inc, accusing
the company of overcharging for chips and refusing to pay some
$1 billion in promised rebates.
The U.S. government has accused Qualcomm of resorting to
anticompetitive tactics to maintain a monopoly over key
semiconductors in mobile phones.
BlackBerry said a final award including interest and reasonable
attorneys' fees will be issued after a hearing on May 30.
Sullivan & Cromwell LLP represented BlackBerry in the
proceeding.
(Reporting by Ahmed Farhatha in Bengaluru; Editing by Sriraj
Kalluvila and Maju Samuel)
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