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August 12, 2014
10:07 EDTCRUS, QCOMCirrus Logic losing China OEM market share to Qualcomm, says Rosenblatt
Rosenblatt Research said CIrrus Logic (CRUS) is losing China OEM market share, about 15% of revenues, to Qualcomm (QCOM).
News For CRUS;QCOM From The Last 14 Days
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October 9, 2015
17:18 EDTQCOMNVIDIA to ask for full commission review in Samsung patent case
NVIDIA said in a blog post: "We said we would keep you informed of new developments in our cases with Samsung. In the latest step of our efforts to protect NVIDIA's intellectual property, an administrative law judge at the U.S. International Trade Commission ruled today that Samsung (SSNLF) and Qualcomm (QCOM ) did not violate U.S. law with respect to importing certain Samsung products into the U.S. Judge Thomas Pender issued an initial determination that Samsung and Qualcomm didn't infringe two NVIDIA patents, and that both did infringe a third patent but that this patent wasn't valid. This initial determination is one more step in a long legal process. We now intend to ask the full commission to review this initial determination and to confirm the previous judgment of the U.S. Patent Office - that the third patent is valid. If they agree, the ITC would issue an order that would preclude Samsung from importing into the U.S. infringing Samsung mobile devices and smart TVs. We are continuing this case by proceeding to the next step in the process because we believe our patents are valid and have been infringed." Reference Link
13:43 EDTQCOMU.S. trade judge says Samsung products do not violate NVIDIA patent rights
Administrative Law Judge Thomas Pender issued an initial determination on violation in a patent fight brought by NVIDIA (NVDA) against Samsung (SSNLF) and Qualcomm (QCOM). Pender's initial determination is that there is no violation of Section 337 of the Tariff Act of 1930, as amended, in the importation into the U.S., the sale for importation, or the sale within the U.S. after importation of certain consumer electronics and display devices with graphics processing and graphics processing units that NVIDIA claims are infringing upon its patent rights. The judge stated that the accused products with Adreno, PowerVR, or Mali GPUs do not infringe claim 14 of U.S. Patent No. 7,209,140 and that claim 14 of the '174 patent is invalid as obvious. Some of the accused products infringe claim 23 of U.S. patent 6,690,372, but claims 23 and 24 of the '372 patent are invalid as anticipated, the judge said. The accused products with Adreno or Mali GPUs do not infringe claims 1 or 15 of U.S. Patent No. 7,038,685, the judge also determined. The judge's findings are subject to review by the commission, which can block imports of products that it finds infringe U.S. patents.
13:30 EDTQCOMNVIDIA loses 1st round of patent fight with Qualcomm, Samsung, Bloomberg says
October 8, 2015
15:36 EDTQCOMQualcomm, Mellanox collaborate to enable cost-effective data center platforms
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15:35 EDTQCOMQualcomm, Xilinx to collaborate on heterogeneous computing solutions
Qualcomm (QCOM) through its subsidiary, Qualcomm Technologies, and Xilinx (XLNX) announced a strategic technical collaboration to deliver heterogeneous computing solutions with new levels of efficiency and performance through FPGA-enabled dynamic workload acceleration on Qualcomm Technologies' server platforms. The strategic collaboration is designed to span multiple product generations, ranging from card level to highly-integrated solutions. Target applications include compute acceleration, big data analytics, machine learning, storage and CloudRAN, the companies said.
13:39 EDTQCOMAmazon Web Services announces AWS IoT
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October 7, 2015
06:28 EDTQCOMIC designers: Tablet demand remains weak, DigiTimes reports
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October 6, 2015
07:17 EDTQCOMStrategic News Service to hold a conference
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October 5, 2015
16:16 EDTCRUSOn The Fly: Top stock stories for Monday
The Dow began the day with a triple digit jump and continued to tack on gains from there, rising nearly 2% by the time the closing bell rang. The Nasdaq and S&P also posted significant gains in the market's broad based advance. The number of advancing stocks crushed the number of declining stocks while the up volume overwhelmed the down volume. The S&P 500 is now on a five day winning streak with earnings season set to unofficially begin on Thursday, when Alcoa (AA) releases its quarterly report after the close. ECONOMIC EVENTS: In the U.S., Markit's services PMI dropped to 55.1 in the final September print, compared to the preliminary reading of 55.6 and August's 56.1 figure. ISM's services index dropped 2.1 points to 56.9 in September, versus expectations for a more modest pullback to a reading of 57.5. COMPANY NEWS: General Electric (GE) was the best performer on the Dow, advancing $1.35, or 5.3%, to $26.82 after activist investor Nelson Peltz disclosed that his firm, Trian Fund Management, has accumulated a $2.5B stake, making it one of the company's top ten shareholders. Trian, which believes GE is "executing a bold transformation" from a broad conglomerate into an industrial company, predicted that GE stock may be worth $40-$45 per share by 2017... Shares of Twitter (TWTR) rose $1.85, or 7.03%, to $28.16 after the company appointed co-founder and interim Chief Executive Jack Dorsey as permanent CEO. Analysts welcomed the news, saying Dorsey was simply "too good to pass up" despite his concurrent role as head of payments company Square. Axiom analyst Victor Anthony upgraded the stock to Buy from Hold, though the rating change was made prior to this morning's CEO news, which had been previewed last week by Re/code, was confirmed by the company... The U.S., Japan and ten other countries came to terms on the Trans-Pacific Partnership, a trade agreement meant to open agricultural markets, tighten intellectual property rules and establish a group that will have the clout to challenge China's influence in the region. Reacting to the deal, Honeywell (HON) said trade agreements like the TPP have the potential to boost exports, support jobs, and increase access abroad, while Boeing (BA) pointed out that more than 70% of its commercial airplane revenue last year came from customers outside the U.S. MAJOR MOVERS: Among the notable gainers was Spark Therapeutics (ONCE), which surged $9.09, or 20.69%, to $53.02 after the Phase 3 trial of the company's lead gene therapy product met its primary endpoint. Also higher was SunEdison (SUNE), which gained 77c, or 9.31%, to $9.04 after announcing plans to optimize its business operations by refocusing on its core markets and simplifying its structure, among other initiatives. Among the noteworthy losers were a number of Apple (AAPL) chip suppliers, with Cirrus Logic (CRUS), Skyworks (SWKS) and Avago (AVGO) falling a respective 4.5%, 1.7%, and 2.6% after Citi analysts lowered fourth quarter iPhone sales estimates. Also lower was Valeant (VRX), which lost $18.86, or 10.34%, to $163.46 after its alleged "price hike" business strategy was highlighted in reports by the New York Times and Barron's. Additionally, AtriCure (ATRC) declined 8.8% to $20.47 after releasing preliminary third quarter results and agreeing to acquire cardiac device maker nContact. INDEXES: The Dow gained 304.06, or 1.85%, to 16,776.43, the Nasdaq advanced 73.49, or 1.56%, to 4,781.26, and the S&P 500 rose 35.69, or 1.83%, to 1,987.05.
15:28 EDTCRUSCiti lowers iPhone unit sales estimates for Q4
Shares of Apple (AAPL) are underperforming a strong broader market rally after Citi lowered its fourth quarter iPhone unit sales estimates in a note to investors earlier. WHAT'S NEW: Not all of Apple's first weekend sales of iPhone 6S and 6S will be included in the company's Q4 earnings, Citi analyst Jim Suva wrote. Suva, who has a Buy rating and $145 target price on Apple shares, said that although first weekend sales of 13M units of iPhone 6S and 6S Plus exceeded sell side targets, Apple noted that not all of these units unit sales will be included in Apple's Q4 earnings given cut off of the reporting quarter. Only sales through Friday and Saturday of the weekend launch will be included in Q4. The remainder of the units sold on Sunday will be reported in December financial results, said Suva. As a result, Citi reduced its iPhone unit estimates to 47M from its prior view of 48M. This is below the Q4 consensus of 48M. The remaining units will be shifted to the December quarter. Citi expects many sell-side analysts to follow suit and lower their September quarter iPhone estimates in the weeks ahead before Apple reports on October 27. According to the Citi note, Apple share volatility will continue and the firm sees limited earnings and sales upside potential in the near-term causing some investors to exit the stock. The investment thesis for Apple is likely to shift from an iPhone "beat and raise" investment story to a gross margin upside story heading into a difficult comp year for iPhone 6S unit sales, Suva tells investors. He thinks any pullback will prove an attractive opportunity for long-term investors. WHAT'S NOTABLE: Late last week, an article from the DigiTimes said Apple may be adjusting its chip orders lower for Q4. Sources said that a substantial integrated circuit supplier is saying that Apple has "slightly lowered its demand for supplies for the new iPhones for December," the report said. The sources said that overall shipments of the iPhone 6s series are expected to reach 75M-80M units in Q3 and 65M-70M units in Q4.PRICE ACTION: In late afternoon trading, shares of Apple are underperforming broader market measures and are up 0.4% compared to a 1.75% gain for the S&P 500. OTHERS TO WATCH: Shares of Apple chip suppliers are also relatively weak, with Cirrus Logic (CRUS) down almost 4%, Skyworks Solutions (SWKS) sliding 2.5%, Qorvo (QRVO) trading near flat, Avago (AVGO) lower by 1.4%, and NXP Semiconductors (NXPI) down 0.25%.
08:07 EDTQCOMParkerVision petition for panel rehearing denied
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October 2, 2015
09:34 EDTQCOMParkerVision denied bid for rehearing in patent loss to Qualcomm, Bloomberg says
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October 1, 2015
12:44 EDTQCOM, CRUSApple chip suppliers fall after report iPhone maker may lower chip orders
Shares of chip makers for Apple's (AAPL) iPhone are sliding after a DigiTimes article said the iPhone maker may curtail its chip orders for the fourth quarter. WHAT'S NEW: According to the DigiTimes report, Apple may be adjusting its chip orders lower for Q4. Sources said that a substantial integrated circuit supplier is saying that Apple has "slightly lowered lowered its demand for supplies for the new iPhones for December," the report said. The sources said that overall shipments of the iPhone 6s series are expected to reach 75M-80M units in the third quarter and 65M-70M units in Q4. WHAT'S NOTABLE: On September 28, Apple announced it has sold more than 13M new iPhone 6s and iPhone 6s Plus models just three days after launch, a new record for the company. According to an iFixit report from September 25, a teardown of the new iPhone 6S Plus revealed components supplied by Qualcomm (QCOM), Skyworks (SWKS), Qorvo (QRVO), Avago (AVGO), NXP Semiconductors (NXPI), Cirrus Logic (CRUS) and Texas Instruments (TXN), among others. Other chip makers that have been mentioned as possible Apple suppliers in the past include Analog Devices (ADI), Maxim Integrated Products. (MXIM) and ON Semiconductor (ON). PRICE ACTION: In midday trading shares of the aforementioned chip makers are all lower with Qorvo, Avago, NXP and Analog Devices down approximately 4% to 5%. Apple is down about 1.4%.
September 27, 2015
16:24 EDTQCOMQualcomm commits to invest $150M in Indian startups
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