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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
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May 14, 2013
17:48 EDTQCOMLone Pine gives quarterly update on stakes
NEW STAKES: Valeant Pharmaceuticals (VRX), Virgin Media (VMED), Thermo Fisher Scientific (TMO), CME Group (CME), and Liberty Media (LMCA). INCREASED STAKES: Mead Johnson Nutrition (MJN), News Corp (NWSA), Intuitive Surgical (ISRG), Monsanto (MON), and Qualcomm (QCOM). DECREASED STAKES: Cognizant Technology Solutions (CTSH), Equinix (EQIX), Ralph Lauren (RL), Disney (DIS), and Oceaneering International (OII). LIQUIDATED STAKES: Facebook (FB), Crown Castle (CCI), Accretive Health (AH), Informatica (INFA), and NetEase (NTES).
May 9, 2013
12:12 EDTQCOMLeon Cooperman names Facebook, Qualcomm as stock picks
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09:27 EDTQCOMFCC likely to forward Qualcomm push for satellite airwaves, WSJ reports
Qualcomm (QCOM) has been lobbying the Federal Communications Commission since 2011 to free up airwaves used by the satellite industry for use in in-flight Internet and FCC commissioners are likely to vote Thursday in favor of opening the issue to public comment, reported The Wall Street Journal, citing agency officials. Reference Link
05:50 EDTQCOMSamsung using its own parts to cut costs, WSJ reports
Samsung Electronics's (SSNLF) newsest smartphone, the Galaxy S 4, takes advantage of its chip- and display-manufacturing prowess to get its material costs closer to Apple's (AAPL) costs for the iPhone 5, reports the Wall Street Journal. Reference Link
May 7, 2013
15:41 EDTQCOMQualcomm CEO says a lot of 'runway' left in smartphone growth
Comment made on CNBC interview.
06:21 EDTQCOMQualcomm elects Jonathan Rubinstein to board of directors
Qualcomm (QCOM) announced the election of Jonathan Rubinstein to its Board of Directors. Rubinstein brings more than 30 years of experience in the mobile, computing and consumer electronics industries to the position, and he last served as senior vice president of Product Innovation for Hewlett-Packard Company (HPQ) until January 2012.
May 6, 2013
06:46 EDTQCOMQualcomm implied volatility at low end of index mean range
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