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Stock Market & Financial Investment News

News Breaks
April 1, 2014
11:11 EDTQCOM, MRVLMarvell rises after announcing plans to appeal patent decision
Shares of fabless semiconductor provider Marvell Technology (MRVL) are higher this morning after the company said it will appeal a district judge's order for the company to pay nearly $1.54B for breaching two hard disk drive patents held by Carnegie Mellon University. WHAT'S NEW: The U.S. District Court for the Western District of Pennsylvania yesterday rejected Marvell's motion to reduce a patent infringement jury award against it and added more than $366M to Carnegie Mellon University’s award, bringing it to $1.54B. That amount is higher than the $1.17B that a jury previously awarded CMU, but the judge rejected CMU's motion for an injunction which would block Marvell from selling chips that the jury found to be infringing. The judge also rejected CMU's demand for about $326M in pre-judgment interest and denied CMU’s bid for enhanced damages at a higher rate. WHAT'S NOTABLE: Marvell intends to appeal to the Federal Circuit Court of Appeals. Marvell and Marvell Semiconductor, its U.S. subsidiary, intend to argue to the Federal Circuit "that the patents at issue are invalid, that even if valid, Marvell did not infringe, and that the Court erred both in its calculation of the royalty rate and in its novel application of that rate to chips manufactured, sold, and used abroad." Marvell said it does not expect to record a liability on its financial statements and believes a material loss is not probable. ANALYST REACTION: MKM Partners thinks the ruling removes a major overhang on Marvell's stock. Additionally, the firm says concerns about competition Marvell is facing from Qualcomm (QCOM) and Mediatek are "overdone." MKM, which said it believes Marvell's revenue for the full year will beat the current consensus outlook, has a Buy rating and $19 price target on Marvell shares. PRICE ACTION: Marvell Technology shares are up 55c, or 3.5%, to $16.30 in late-morning trading.
News For MRVL;QCOM From The Last 14 Days
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September 1, 2015
17:48 EDTQCOMAmbarella hasn't seen the competitive landscape changed in drone market
The company, speaking to a question on talk of growing competition in the drone market, said it doesn't think the competitive landscape changed that much in the last three months. The company noted the talk of the interest in the drone market from Intel (INTC) and Qualcomm (QCOM) but said it continues to believe the firms that use the Ambarella (AMBA) solution "really pay attention to the image quality compression efficiency and power" and that it doesn't see another processor as a strong competitor to its solution "yet." Ambarella is speaking on its Q2 earnings conference call.
08:30 EDTQCOMParkerVision comments on IPR petitions filed by Qualcomm
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07:48 EDTQCOMSemiconductor sector upgraded to Neutral from Cautious at UBS
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August 31, 2015
09:07 EDTMRVLB. Riley to hold a tour
Silicon Valley Tech Tour travels throughout the Silicon Valley visiting various local tech companies on August 31-September 3.
August 27, 2015
05:53 EDTMRVL, QCOMIC demand for notebooks picking up, DigiTimes reports
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August 26, 2015
12:14 EDTQCOMAnalysts say Ambarella selloff overdone, recommend buying shares
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07:52 EDTMRVLUBS to hold a tour
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07:23 EDTQCOMAmbarella weakness overdone, says Stifel
Noting that Ambarella's (AMBA) stock has dropped 20% since Qualcomm (QCOM) indicated that it would look to supply chips for drones, Stifel says that the decline is overdone. The firm thinks that it's more likely that Qualcomm's chip will be used to help control drones, rather than replace Ambarella's video processor. The firm continues to recommend Ambarella's stock.
06:22 EDTQCOMiPhone 6S to include Qualcomm radio frequency transceiver chip, MacRumors says
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05:21 EDTQCOMQualcomm agrees to sell UK L-Band spectrum to Vodafone, H3G
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August 24, 2015
10:17 EDTQCOMQualcomm upgraded to Buy from Hold at Standpoint Research
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09:45 EDTQCOMOn The Fly: Analyst Initiation Summary
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08:54 EDTQCOMQualcomm coverage resumed with a Buy at Goldman
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06:22 EDTQCOMTSMC pursuing 16nm chip orders, DigiTimes reports
According to market sources, DigiTimes reports that TSMC (TSM) has been "actively" seeking 16nm FinFET chip orders. In addition to securing a portion of Apple's (AAPL) A9 chip orders, TSMC has also received orders from AMD (AMD), Broadcom (BRCM), LG, Nvidia (NVDA) and Avago (AVGO), the sources say, noting that TSMC failed to maintain orders for Qualcomm's (QCOM) flagship mobile chips, as it has placed orders for the Snapdragon 820 series with Samsung (SSNLF). Reference Link
August 21, 2015
16:21 EDTQCOMOn The Fly: Top stock stories for Friday
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13:41 EDTQCOMAmbarella sinks after supremacy in drone technology challenged by Qualcomm
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12:53 EDTQCOMAmbarella competition in drones not a surprise, says Canaccord
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11:12 EDTQCOMQualcomm reportedly to enter consumer drone market
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10:50 EDTQCOMCitron says next stop $70 for shares of Ambarella
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09:19 EDTQCOMQualcomm to enter consumer drone market, Re/code reports
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