New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For QCOM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | all recent QCOM news | >>
July 31, 2015
10:36 EDTQCOMParkerVision says appeals court affirms district court noinfringement decision
Subscribe for More Information
09:54 EDTQCOMParkerVision loses appeal of Qualcomm patent ruling
Shares of ParkerVision (PRKR) plunged 50% before being halted for trading after an appeals court affirmed a lower court ruling in the company's patent infringement suit with Qualcomm (QCOM). At trial, ParkerVision accused 19 Qualcomm products of infringing its asserted claims. The district court found that the accused products did not practice the limitation that recites “generating a lower frequency signal,” which is present in each asserted claim. The court held that ParkerVision’s infringement expert conceded that in the accused products the baseband signal was created before, or “upstream from,” the storage capacitor. That concession, the court concluded, was fatal to ParkerVision’s claim under the “generating” limitation. Second, the court concluded that Qualcomm’s “50% duty cycle” products did not practice the “sampling” limitation, which is found in claims 27, 82, 90, and 91 of the ’518 patent, and in claim 2 of the ’371 patent. In a new ruling, the U.S. Court of Appeals for the Federal Circuit agreed with the district court on both grounds.
09:31 EDTQCOMCourt rules Qualcomm did not infringe ParkerVision patents, Bloomberg reports
Subscribe for More Information
July 30, 2015
11:26 EDTQCOMAppeals court affirms lower court judgment in Microsoft, Motorola patent suit
The 9th Circuit Appeals court affirmed the judgment of a district court in a patent lawsuit between Microsoft (MSFT) and Motorola, which is now owned by Google (GOOG). In its ruling, the appeals court wrote: "With the parties’ consent, the district court conducted a lengthy, thorough bench trial on the RAND rate and range. The court analyzed that evidence in its exhaustive findings of fact and conclusions of law, in a manner consistent with the Federal Circuit’s recent approach to establishing damages in the RAND context. The court’s factual findings were properly admitted at the jury trial. The jury’s verdict was supported by substantial evidence, and its damages award was proper." In a tweet after the ruling was released, Markman Advisors, which specializes in patent law, stated that Microsoft, Qualcomm (QCOM), InterDigital (IDCC) and others will be affected by this ruling, which it characterized as "tough for licensors of standard-essential patents."
July 29, 2015
07:39 EDTQCOMQualcomm and BRUSA sign EV charging license agreement
Subscribe for More Information
July 27, 2015
10:47 EDTQCOMQualcomm rises in down market after Morgan Stanley upgrade
Subscribe for More Information
10:00 EDTQCOMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADT Corp. (ADT) upgraded to Buy from Neutral at Citi... AGCO (AGCO) upgraded to Neutral from Sell at Goldman... Anthem (ANTM) upgraded to Buy from Neutral at Sterne Agee CRT... BNP Paribas (BNPQY) upgraded to Buy from Neutral at Goldman... Biogen (BIIB) upgraded on valuation at Bernstein... Box (BOX) upgraded to Overweight from Sector Weight at Pacific Crest... Capital One (COF) upgraded to Buy from Outperform at CLSA... Centene (CNC) upgraded to Buy from Neutral at UBS... Chesapeake (CHK) upgraded on potential sale of assets or company at SunTrust... Cigna (CI) upgraded to Buy from Neutral at Sterne Agee CRT... Deere (DE) upgraded to Neutral from Sell at Goldman... First BanCorp (FBP) upgraded to Buy from Neutral at Guggenheim... Flotek (FTK) upgraded on stronger demand at Oppenheimer... Lear (LEA) upgraded to Buy from Hold at Deutsche Bank... Methanex (MEOH) upgraded to Outperform from Sector Perform at Scotia Howard Weil... News Corp. (NWSA) upgraded to Outperform from Neutral at Macquarie... NextEra Energy Partners (NEP) upgraded to Outperform at Wells Fargo... OFG Bancorp (OFG) upgraded to Buy from Neutral at Guggenheim... PennyMac Mortgage (PMT) upgraded to Buy from Neutral at Compass Point... Pool Corp. (POOL) upgraded to Outperform from Market Perform at William Blair... Popular (BPOP) upgraded to Buy from Neutral at Guggenheim... Qualcomm (QCOM) upgraded to Overweight from Equal Weight at Morgan Stanley... Quality Systems (QSII) upgraded on valuation at RBC Capital... VF Corp. (VFC) upgraded to Buy from Neutral at Goldman... Ventas (VTR) upgraded on valuation, positive catalysts at BMO Capital... Weatherford (WFT) upgraded to Equal Weight from Underweight at Barclays... SS&C (SSNC) upgraded to Buy from Hold at Sandler O'Neill... Chemung Financial (CHMG) upgraded to Buy from Hold at Sandler O'Neill... Cameron (CAM) upgraded to Buy from Accumulate at Global Hunter.
06:59 EDTQCOMQualcomm upgraded to Overweight from Equal Weight at Morgan Stanley
Subscribe for More Information
July 24, 2015
16:30 EDTQCOMStocks end week lower as Apple headlines busy week of earnings
Subscribe for More Information
06:13 EDTQCOMAnalysts say Intel best suitor for Qualcomm's chip unit, Reuters says
Subscribe for More Information
July 23, 2015
12:32 EDTQCOMOn The Fly: Top stock stories at midday
Subscribe for More Information
09:13 EDTQCOMOn The Fly: Pre-market Movers
Subscribe for More Information
08:02 EDTQCOMWilliam Blair 'running out of patience' with Qualcomm
Subscribe for More Information
07:50 EDTQCOMQualcomm split would be positive, says RBC Capital
RBC Capital believes that Qualcomm is more open to splitting its business, and the firm says that it would view a split positively. The firm says that splitting the company into two businesses with cross-licensing deals would make its units "more agile and flexible." RBC thinks that the company must split in order to carry out major strategic changes, including "transformational M&A" and TAM expansion. It keeps a $77 price target and Outperform rating on the shares.
07:50 EDTQCOMQualcomm weakness a buying opportunity, says BofA/Merrill
Subscribe for More Information
July 22, 2015
19:02 EDTQCOMOn The Fly: After Hours Movers
Subscribe for More Information
17:51 EDTQCOMQualcomm sees FY16 QCT margins 'significantly improved'
Subscribe for More Information
17:21 EDTQCOMQualcomm lowers FY15 total reported device sales to approximately $253B-$259B
Subscribe for More Information
17:17 EDTQCOMQualcomm sees Q4 MSM chip shipments 170M-190M
Subscribe for More Information
17:15 EDTQCOMQualcomm says inventory build expected to hurt chip sales in Q4
The company said, "We have reduced our outlook for our semiconductor business, QCT, in the fiscal fourth quarter compared to our prior expectations driven primarily by factors impacting premium-tier demand, including: Increased concentration within the premium tier causing reduced demand for certain OEM devices that include our chipset; Lower demand for our premium-tier chipsets from a vertical customer; and Lower sell through in China of certain handset models using our premium-tier chipsets."
17:10 EDTQCOMQualcomm says expects to grow businesses in China going forward
Subscribe for More Information
17:00 EDTQCOMQualcomm says will continue to spend over $4B annually on R&D
Subscribe for More Information
16:48 EDTQCOMQualcomm to reduce full-time headcount by 15%
Subscribe for More Information
16:09 EDTQCOMQualcomm provides details of Strategic Realignment Plan
The details of the Qualcomm Strategic Realignment Plan are as follows: 1) Aggressively right-sizing the cost structure to deliver profitable growth. Qualcomm is implementing a comprehensive cost reduction action to reduce annual costs from its fiscal 2015 levels of $7.3 billion (adjusted for variable compensation) by approximately $1.1 billion through a series of targeted reductions that will not jeopardize the Company's growth objectives or core technology roadmap. These cost initiatives include reductions in headcount and temporary workforce, streamlining the engineering organization, reducing the number of offices and increasing the mix of resources in lower-cost regions. The Company is also reducing annual share-based compensation grants by approximately $300 million. While these specific cost initiatives are expected to be fully implemented by the end of fiscal year 2016, the Company will continue to examine its cost structure for additional efficiencies that enhance profitability without sacrificing its future growth potential. 2) Initiating new review of financial and structural alternatives available to create stockholder value. In light of recent industry developments and other elements of the Strategic Realignment Plan, Qualcomm's Board and management, with the assistance of outside financial advisors, are conducting a review of the Company's corporate structure (including possible business separation alternatives), capital return opportunities and other potential strategic and financial alternatives available to the Company to create stockholder value. The Company does not expect to publicly comment on this review prior to its completion, which is expected to occur by the end of the calendar year. 3) Reaffirming intent to return significant capital to stockholders. A strong balance sheet and regulatory resolution in China have provided Qualcomm the flexibility to significantly increase its capital returns to stockholders and execute the largest capital returns program in Company history. Qualcomm is committed to continuing to return a minimum of 75% of free cash flow to stockholders through dividends and repurchases going forward, in addition to the previously announced $10 billion stock repurchase program to be completed by March 2016. Changes to the capital return program will be considered as part of the Board and management's review of financial and structural alternatives. 4) Adding new Directors with complementary skill sets while reducing the average tenure of the Board of Directors. Mark McLaughlin and Tony Vinciquerra have been added to the Board and the Company plans to appoint one additional independent director. These directors bring skills and perspectives that will be helpful to the Company as it implements its Strategic Realignment Plan. The Company is also reducing the average tenure of the Board of Directors. General Brent Scowcroft and Duane Nelles have retired from the Board. Sir Donald Cruickshank had previously informed the Company that he will not stand for re-election to the Board in 2016. Raymond Dittamore has advised the Company that, assuming he is re-elected to the Board at the Company's 2016 Annual Meeting of Stockholders, he does not intend to stand for re-election in 2017. 5) Further aligning executive compensation with performance and stockholder return objectives. The Board plans to change Qualcomm's executive compensation program by adding an additional returns-based metric for performance-based equity awards and taking share-based compensation provided to the Company's executives and other employees into account when calculating earnings per share for use in determining executives' annual cash bonuses. 6) Disciplined investment to further leadership positions and drive growth while delivering attractive returns. The Company intends to focus its investments in technologies that scale across core smartphone and adjacent growth opportunities, such as in its leading modem and other differentiated technologies. Qualcomm is reducing its investments outside of QTL and QCT and will focus these investments around the highest-return opportunities, including data centers, small cells and certain IoE verticals.
16:06 EDTQCOMQualcomm lowers FY15 adjusted EPS view to $4.50-$4.70 from $4.60-$5.00
FY15 consensus $4.79. Lowers FY15 revenue view to $24.5B-$25.5B from $25B-$27B, consensus $25.95B.
16:04 EDTQCOMQualcomm sees Q4 adjusted EPS 75c-95c, consensus $1.08
Subscribe for More Information
16:03 EDTQCOMQualcomm announces strategic realignment plan
Subscribe for More Information
16:01 EDTQCOMQualcomm reports Q3 adjusted EPS 99c, consensus 95c
Subscribe for More Information
15:26 EDTQCOMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Qualcomm (QCOM), consensus 95... American Express (AXP), consensus $1.32... Texas Instruments (TXN), consensus 65c... Las Vegas Sands (LVS), consensus 61c... Crown Castle (CCI), consensus $1.06... Discover Financial (DFS), consensus $1.32... Tractor Supply (TSCO), consensus $1.11... SanDisk (SNDK), consensus 33c... SL Green Realty (SLG), consensus $1.56... Xilinx (XLNX), consensus 54c... Weatherford (WFT), consensus (12c)... F5 Networks (FFIV), consensus $1.60... United Rentals (URI), consensus $1.74... Fortinet (FTNT), consensus 9c... LaSalle Hotel (LHO), consensus 89c... Oceaneering International (OII), consensus 68c... Cheesecake Factory (CAKE), consensus 62c.
14:51 EDTQCOMEarnings Watch: Qualcomm reports after speculations of potential breakup
Qualcomm (QCOM) is expected to report third quarter earnings after the close on July 22, with a conference call scheduled for 4:45 pm ET. Qualcomm is a maker of semiconductors and telecommunications equipment. EXPECTATIONS: Analysts are looking for earnings per share of 95c on revenue of $5.85B. EPS consensus ranges 90c-$1.05 on a revenue range of $5.59B-$6.08B, according to First Call. LAST QUARTER: On April 22, Qualcomm reported Q2 EPS of $1.40 against expectations for $1.33, and revenue of $6.89B versus estimates of $6.83B. The company also cut its FY15 EPS guidance to $4.60-$5.00 from $4.85-$5.05 and lowered projected revenue to $25B-$27B from $26.3B-$28B, saying it expects pressure in its semiconductor business due to customer shifts in the premium segment and a decline in Qualcomm's share at an unnamed large customer. NEWS: On May 8, Reuters reported that EU antitrust regulators asked Qualcomm's competitors how the company's licensing and business practices affect them, and on July 16, the European Commission confirmed two formal antitrust investigations of the company. On May 25, Qualcomm and Daimler (DDAIF) announced a strategic collaboration to develop connected car technology. Coming on the heels of Avago's (AVGO) May 28 agreement to acquire Broadcom (BRCM), Bloomberg quoted a source later that day as saying Qualcomm, Intel (INTC), Altera (ALTR), Analog Devices (ADI), Maxim Integrated (MXIM), Texas Instruments (TXN), and Microchip Technology (MCHP) are all considering their own M&A opportunities. Note that on June 1, Intel announced an agreement to acquire Altera. On June 23, Semiconductor Manufacturing International (SMI), Qualcomm, Huawei, and Imec announced the formation of a joint venture to focus on a type of 14 nanometer technology. More recently, the Wall Street Journal reported on July 20 that Qualcomm is "expected" to begin a comprehensive strategic review which may include the possibility of a breakup following pressure from "activist" shareholder Jana Partners, according to sources, adding that the move could be announced concurrent with Wednesday's earnings release. STREET RESEARCH: Following last quarter's earnings report, Exane BNP Paribas downgraded Qualcomm to Neutral from Outperform, while both Canaccord and Brean Capital lowered price targets for the stock after "disappointing" guidance. Meanwhile, Citi said it expects the company's chip business to recover in 2016 despite this "very bad year." On May 28, CLSA said it sees continued pressure on Qualcomm chipsets, potentially spurring the company to consider making an acquisition, and on June 2, Craig-Hallum noted that Skyworks (SWKS) would be a great fit for Qualcomm. On June 24, Summit Research called Applied Micro Circuits (AMCC) an "affordable" target for Qualcomm, with AMD (AMD) and Cavium (CAVM) also looking like potential takeover candidates. On June 29, Drexel Hamilton downgraded Qualcomm to Sell from Hold, citing expected price cuts. Lastly, following media reports on July 20 that Qualcomm could be weighing a breakup, Bernstein said that such a "dis-synergistic" split would likely destroy value rather than create it. PRICE ACTION: Shares of Qualcomm are down more than 1% to $64.37 in afternoon trading ahead of Wednesday's earnings report.
10:45 EDTQCOMQualcomm technical notes ahead of results
Subscribe for More Information
05:55 EDTQCOMQualcomm to cooperate with Microsoft, Allwinner in mobile market, DigiTimes says
Qualcomm (QCOM) is expected to ramp up its penetration in the entry-level mobile device market by cooperating with Microsoft (MSFT) to launch low-cost Windows Mobile 10 products, reports DigiTimes Research. Qualcomm is also expected to cooperate with Allwinner Technology to launch 3G/4G solutions for connected tablets. Reference Link
July 21, 2015
19:00 EDTQCOMOn The Fly: After Hours Movers
Subscribe for More Information
18:14 EDTQCOMApple supplier stocks sink after iPhone, iPad unit volumes lower sequentially
Shares of iPhone suppliers, including Skyworks (SWKS), Cirrus Logic (CRUS), NXP Semiconductors (NXPI), and QUALCOMM (QCOM), are trading lower after Apple (AAPL) reported third quarter earnings after the close. WHAT'S NOTABLE: Apple reported iPhone unit volume of 47.5M in Q3 versus 61.1M in the prior quarter. Apple's iPad unit volume was 10.9M for Q3, lower than the 12.6M unit volume reported in the prior quarter. PRICE ACTION: Apple is sinking almost 7% in after-hours trading, while its suppliers are also lower, with Skyworks down more than 5%, Cirrus Logic down just under 5%, NXP Semiconductors slumping almost 5%, and QUALCOMM sliding 1.2%.
08:15 EDTQCOMQualcomm split would likely destroy value, says Bernstein
Subscribe for More Information
07:53 EDTQCOMQualcomm July weekly volatility elevated into Q3 and report of possible breakup
Qualcomm July weekly call option implied volatility is at 60, August is at 27, September is at 23; compared to its 52-week range of 12 to 48, suggesting large near term price movement into the expected release of Q3 results on July 22 and WSJ report of possible breakup.
<< 1 | 2 | all recent QCOM news | >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use