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BlackBerry Stock Pops Following $815 Million Arbitration Ruling

The Street logo The Street 4/12/2017 Tony Owusu
BlackBerry Stock Pops Following $815 Million Arbitration Ruling© TheStreet BlackBerry Stock Pops Following $815 Million Arbitration Ruling

BlackBerry shares were up more than 17% in early morning trading Wednesday after an arbitrator awarded the company $815 million for overpaid royalty fees to Qualcomm .

The arbitrator ruled that BlackBerry overpaid that amount between 2010 and 2015, though Qualcomm has come out and disagreed with the arbitrator's ruling.

Separately, Qualcomm is also currently being sued by Apple in the U.S., China, and U.K. over claims that the chip maker is overcharging for its patents.

Qualcomm shares were down 1.7% Wednesday morning.

(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views.Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)


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