New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 30, 2013
14:11 EDTQCOMEarnings Preview: Analysts positive on Qualcomm ahead of report
Qualcomm (QCOM) is expected to report Q1 earnings after the close on Wednesday, January 30, with a conference call scheduled for 4:45 pm ET. Qualcomm has eclipsed Intel (INTC) as the U.S. listed semiconductor manufacturer with the highest market capitalization... EXPECTATIONS: Analysts are looking for earnings per share of $1.13 on revenue of $5.9B. The consensus range is $1.08-$1.17 for EPS on revenue of $5.72B-$6.25B, according to First Call. In its last earnings report, Qualcomm said it expects Q1 EPS of $1.08-$1.16 on revenue of $5.6B-$6.1B, both of which beat consensus expectations at that time... LAST QUARTER: Qualcomm reported Q4 EPS of 89c on revenue of $4.87B, which beat the consensus expectations at that time in November. Qualcomm reported it shipped approximately 141M Mobile Station Modem, or MSM, chipsets in Q4 and said it expected MSM chip shipments to grow to 168-178M in Q1... RESEARCH AND NEWS: In a note to investors yesterday, Piper Jaffray analyst Auguste Richard said the firm expects Qualcomm to meet or beat the high-end of its guidance and report continued market share gains. Cowen similarly said in a note this morning that it expects Qualcomm to report an increase of chip market share in Q1 and that market share gains should continue throughout this year. In recent days Canaccord has said Qualcomm is well positioned for 2013 earnings growth and Morgan Stanley called the risk/reward in Qualcomm shares favorable ahead of the company's Q1 report. Early this month, Citigroup removed Broadcom (BRCM) from its Top Picks Live list in favor or Qualcomm, citing the rapid adoption of 3G smartphones in China and emerging markets as positive for Qualcomm... PRICE ACTION: Since the day after last quarter's report, shares of Qualcomm have advanced over 9%. In afternoon trading ahead of tonight's report, Qualcomm is unchanged at $63.45.
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.
October 24, 2014
06:14 EDTQCOMTSMC to provide chips for LG's 'Nuclun' smartphone microprocessor, WSJ says
According to a source, Taiwan Semiconductor (TSM) will provide chips for microprocessors to power "Nuclun," a variation of LG's G3 smartphone, the Wall Street Journal reports. So far, LG Electronics has mostly relied on Qualcomm (QCOM) for the chips that run its smartphones. Reference Link
October 21, 2014
14:04 EDTQCOMEarnings Preview: Analysts divided on Broadcom ahead of Q3 report
Subscribe for More Information
October 15, 2014
05:58 EDTQCOMCSR calls Qualcomm takeover offer 'very attractive outcome'
Subscribe for More Information
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
Subscribe for More Information
06:37 EDTQCOMUMC lands 28nm LTE chip orders from Qualcomm, DigiTimes reports
Subscribe for More Information
October 12, 2014
17:20 EDTQCOMGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
Subscribe for More Information

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