MarketWatch First Take: Apple beef is all Qualcomm can talk about

Qualcomm Inc. had a pretty good quarter, but executives barely got to talk about it Wednesday as all eyes focused on the chipmaker’s problems with another tech giant.

Qualcomm QCOM, -0.11%beat analysts’ expectations with a quarterly earnings report Wednesday, but it was hard to tell on the conference call, where all but one question was about the communications-chip company’s complicated and potentially costly legal dispute with Apple Inc. AAPL, -0.37%

In January, Apple sued Qualcomm, a designer of chips used in the iPhone, for $1 billion, contending the company was demanding onerous terms for its technology licenses and that it had withheld rebate payments as punishment for Apple’s cooperation in a Korean regulatory probe of Qualcomm’s licensing practices.

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