Settlement with Nokia is a major change. Going forward, not only there will a be major reduction in ongoing legal costs, but more importantly a major distraction will be gone. Further , it is logical that in due course NOK ( Nokia ) and QCOM cooperate towards higher per unit wholesale selling price. Since QCOM gets royalties on wholesale prices, this will be a major positive. About half of the revenues are royalties.
QCOM also gets license to some of Nokia technology; this will help generate higher revenues in the chip segment of the company.
Dip a toe in the water in $ 51 range, but build positions on any pullback in mid forties.