(Updates with analyst comment and background.)
NEW YORK (Dow Jones)--Qualcomm Inc. (QCOM) said Tuesday it would suspend sales of devices that run on its mobile broadcast video service, taking the first steps toward scuttling its entire project and freeing up some valuable wireless spectrum for sale.
The San Diego wireless chip manufacturer said that customers of its FLO TV service would continue to receive programming into Spring 2011. The company also said that it expects layoffs related to the suspension, and brought up the prospect that the service would be discontinued altogether.
FLO TV service, a form of broadcast TV ...
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