Tuesday, 24 July 2007

Verizon Wireless: No impact from Broadcom deal

(Reuters) - It said it will pay Broadcom $6 for each handset it sells with these chips, or up to $40 million per calendar quarter and up to a maximum of $200 million.




"Given the limits of the payments under the agreement, Verizon does not expect that there will be a material effect on Verizon Wireless's annual results," the company said in a filing.


Read more at Reuters.com Market News

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