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Stock Market & Financial Investment News

News Breaks
July 22, 2014
12:19 EDTQCOMQualcomm advances after Cowen sees shares poised to break-out
Shares of Qualcomm (QCOM), which develops mobile device components, are climbing after research firm Cowen wrote that the stock is poised to break-out above its recent range. WHAT'S NEW: Qualcomm's stock is well-positioned to advance above the trading range it has stayed in over the past three months, Cowen analyst Timothy Arcuri wrote in a note to investors earlier today. The company's Q3 results, due to be announced on July 23, should be in-line with or better than expectations, the analyst predicted. The company's QCT business unit - which provides solutions for smart connected devices - likely exceeded expectations last quarter, driven by gains in LTE technologies, according to Arcuri. Meanwhile, he believes that Qualcomm's technology licensing business should generate results at the high end of the unit's total available market, as its revenue from licensing technology for devices using the CDMA standard appears to have exceeded the high end of its guidance. Qualcomm's Q4 guidance could exceed expectations and the company's revenue growth may accelerate to double digit percentage levels, the analyst forecast. Furthermore, Qualcomm's profits are likely to be boosted by cost cutting and higher margins in its QCT business, Arcuri predicted. He kept an $86 price target and Outperform rating on the shares. PRICE ACTION: In early afternoon trading, Qualcomm climbed $2, or 2.5%, to $81.69.
News For QCOM From The Last 14 Days
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May 29, 2015
16:07 EDTQCOMQualcomm's Snapdragon 810 processor to power Google's Project Tango platform
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10:07 EDTQCOMBroadcom calls active on speculation of a competing bid
Broadcom (BRCM) June 55 and 56 calls are active on total call volume of 13K contracts (3K puts) on speculation of a competing bid by Qualcomm (QCOM). June weekly call option implied volatility is at 22, June is at 25, July is at 21; compared to its 52-week range of 18 to 62. Active call volume suggests traders taking positions for price movement after announcing it will be acquired by Avago Technologies (AVGO) for cash and stock in a deal valued at $37B or roughly $58 per share.
07:15 EDTQCOMBroadcom-Avago deal may not be tech's largest for long, Bloomberg says
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May 28, 2015
09:16 EDTQCOM, QCOMQualcomm's chipset headwinds could force it to consider M&A, says CLSA
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05:55 EDTQCOMStocks with implied volatility movement; AVGO QCOM
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May 27, 2015
06:13 EDTQCOMTech companies look for ways to fend off activist investors, WSJ reports
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May 25, 2015
12:37 EDTQCOMQualcomm, Daimler announce strategic collaboration on connected car technology
Daimler AG (DDAIF) and Qualcomm Technologies, a subsidiary of Qualcomm (QCOM), announced a strategic collaboration focused on vehicle innovation. In the first phase of the collaboration, the companies will focus on developing vehicles with mobile technologies such as 3G/4G connectivity, wireless charging technology, and implementation of the Qualcomm "Halo" wireless electric vehicle charging technology. In addition, the companies are jointly assessing the application of Qualcomm's newly developed "Automotive Solutions." Qualcomm Technologies is collaborating with Daimler on its wireless power transfer 2.0 program for electric vehicles. The Qualcomm Halo technology could allow Daimler customers to charge their electric vehicles and plug-in hybrid EVs without having to plug them in. In addition, Qualcomm WiPower technology enables consumer electronics to charge wirelessly in-vehicle.
May 21, 2015
07:32 EDTQCOMQualcomm initiates $5B accelerated share repurchase
Qualcomm announced that it has entered into accelerated share repurchase agreements with two financial institutions to repurchase an aggregate of $5B of Qualcomm's common stock, with an initial delivery of approximately 57.7M shares. The final number of shares to be repurchased will be based on the volume-weighted average stock price of Qualcomm's common stock during the term of the transaction, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR Agreements. The company is funding the accelerated share repurchase with proceeds from its recently completed $10B debt offering.

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