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Qualcomm Hopeful Apple Will Settle Case Out-of-Court Despite Tim Cook Saying 'I Don't See It'

Qualcomm Inc. (QCOM) shares have dropped over 13% year-to-date despite the positive overall semiconductor market as investors worry about its legal woes with Apple Inc (AAPL) .

Qualcomm CEO Steve Mollenkopf said in an interview with Fortune published on Monday he's hopeful the two companies will come to an out-of-court settlement. "There's not really anything new going on," Mollenkopf said. "Those things tend to get to resolved out-of-court and there's no reason why I wouldn't expect that to be the case here."

But in January's earning call, Apple CEO Tim...