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Stock Market & Financial Investment News

News Breaks
November 7, 2012
13:19 EDTQCOMEarnings Preview: Qualcomm Q4 expected to be strong
Qualcomm (QCOM) is expected to report Q4 earnings after the market close on Wednesday, November 7, with a conference call scheduled for 4:45 pm ET. The consensus estimate is 82c for EPS and $4.67B for revenue, according to First Call. The whisper number is 83c. Analysts continue to be bullish on Qualcomm despite its weak Q3 results and guidance back in July. Guidance for Q4 calls for adjusted EPS 78c-84c on revenue of $4.45B-$4.85B. Qualcomm’s report comes at end of the earnings season, allowing the stock to be buffeted by the downbeat forecasts across the rest of the chip sector, from companies such as Intel (INTC), Advanced Micro Devices (AMD) and Texas Instruments (TXN). One metric closely watched will be the company's projection for mobile-station modem, or MSM, chip shipments in the December quarter, as well as its forecast for the average selling price of 3G and 4G handsets — which affects the royalties for its licensing arm. Qualcomm's MSM, chips are used in certain models of Apple's (AAPL) iPhone -- including the newly launched iPhone 5, as well as other smartphones from companies such as Samsung (SSNLF), HTC, Nokia (NOK), Google (GOOG), Motorola (MOT) and others. Brean Capital expects strong Q4 results and guidance for the Dec.Q and FY guidance. The firm believes Qualcomm's Licensing, or QTL, business will be relatively in line for Q4, but will benefit from strength in high-end smartphones in September and December quarters. Given the current investor concerns on QCT margins and about Qualcomm's historical propensity to sandbag its FY guidance, Brean expects the stock to act favorably post-report.
News For QCOM From The Last 14 Days
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October 15, 2014
05:58 EDTQCOMCSR calls Qualcomm takeover offer 'very attractive outcome'
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05:35 EDTQCOMQualcomm to acquire CSR for GBP 9.00 per share
Qualcomm (QCOM) announced that it has reached agreement with CSR plc (CSRE) regarding the terms of a recommended cash acquisition through which the entire issued and to be issued ordinary share capital of CSR will be acquired by Qualcomm Global Trading Pte. Ltd, an indirect wholly owned subsidiary of Qualcomm Incorporated. The acquisition complements Qualcomm's current offerings by adding products, channels, and customers in the important growth categories of Internet of Everything, or IoE, and automotive infotainment, accelerating Qualcomm's presence and path to leadership. This opportunity is aligned with Qualcomm's established strategic priorities in these rapidly growing business areas. At GBP 9.00 per share, the acquisition of the entire issued and to be issued ordinary share capital of CSR is valued at approximately $2.5B. This cash offer has been unanimously recommended by the CSR board. The acquisition is subject to a number of conditions as set forth in the announcement released today in accordance with Rule 2.7 of the UK Takeover Code, including the receipt of U.S. and other regulatory approvals and the approval of CSR's shareholders. Subject to the satisfaction of the conditions, the transaction is expected to close by the end of the summer of 2015. Qualcomm expects the acquisition to be accretive to Non-GAAP EPS in FY16, the first full year of combined operations.
October 14, 2014
07:24 EDTQCOMIntel gains government ally in China with new deals, Reuters says
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06:37 EDTQCOMUMC lands 28nm LTE chip orders from Qualcomm, DigiTimes reports
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October 12, 2014
17:20 EDTQCOMGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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October 8, 2014
08:20 EDTQCOMQualcomm opportunity at Xiaomi almost rivals iPhone, says FBR Capital
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October 7, 2014
11:35 EDTQCOMStocks with call strike movement; JPM QCOM
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