Qualcomm cuts Q3 fiscal guidance as Apple holds back royalties
Qualcomm cut its third-quarter fiscal guidance on Friday, noting that Apple has informed the company that it will withhold future royalty payments "until its dispute with Qualcomm is resolved." The news sent shares of Qualcomm down sharply. In premarket trading Friday, shares were down more than 4 percent. "As a result of the above developments, we...