The legal salvos between Nokia and Qualcomm stopped months ago, part of what officials at the wireless industry heavyweights described as a truce in a long-running battle that spanned three continents. Peace came Wednesday as the two sides prepared for a courtroom showdown. Nokia, the world’s largest handset maker, and Qualcomm, the world’s largest maker of chips that run cell phones, agreed to settle a high-stakes licensing dispute and drop all legal complaints against each other in the U.S., Europe and Asia.

Read the complete story here.