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Stock Market & Financial Investment News

News Breaks
March 28, 2014
07:01 EDTQCOM, TSRATessera ends litigation against Qualcomm
Tessera Technologies (TSRA) announced that Tessera’s subsidiary, Tessera, Inc., has entered into an agreement with Qualcomm (QCOM) to dismiss the case of Tessera, Inc. v. Qualcomm, Inc., et al.. The agreement also provides that Tessera and Qualcomm Technologies will explore potential technical collaborations concerning camera functionality and imaging performance of mobile devices. “Having resolved this dispute, we look forward to collaborating with Qualcomm in the future. With our companies’ mutual technology capabilities and innovations there is much we can do together to produce value for the industry,” said Tom Lacey, CEO of Tessera Technologies, Inc.
News For TSRA;QCOM From The Last 14 Days
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January 23, 2015
08:10 EDTQCOMMarvell product could replace Qualcomm Snapdragon, says RBC Capital
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January 22, 2015
14:45 EDTQCOMQualcomm seen giving Samsung redesigned Snapdragon, WSJ says
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08:02 EDTQCOMImpact to Qualcomm of Galaxy loss would be relatively small, says Bernstein
After Bloomberg reported that Samsung would not use Qualcomm's chip for the upcoming Galaxy S 6, Bernstein estimates that Qualcomm's EPS would only be negatively impacted by 2%-8% if its chip is not included in the devices. The firm says that other licensing headwinds will have more of an impact on Qualcomm. It keeps a $70 price target and Market Perform rating on the stock.
January 21, 2015
11:22 EDTQCOMAnalyst disputes report of Qualcomm troubles with Samsung
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09:46 EDTQCOMSamsung unlikely to switch from Qualcomm in all Galaxy S6, says Cowen
Cowen doubts that Samsung (SSNLF) is ready to switch away from Qualcomm (QCOM) components to a whole new chip system for its Galaxy S6 phone, as implied by a Bloomberg report, and believes instead that the phone maker will launch the Galaxy S6 in Korea with its own chips and slightly delay the phone elsewhere while Qualcomm works through its issues. The firm, which also thinks Qualcomm has already solved the reported heating problem with the Snapdragon 810, maintains its Outperform rating and $79 price target on Qualcomm.
09:44 EDTQCOMQualcomm slips on reports its chips won't be used in new Galaxy phone
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09:37 EDTQCOMQualcomm shares defended at Credit Suisse
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08:13 EDTQCOMQualcomm slides after reportedly being dropped from Galaxy phone
Samsung Electronics (SSNLF), which is trying to become more self-sufficient and give a boost to its own processor-making unit, will reportedly drop Qualcomm’s (QCOM) Snapdragon chip in favor of its own microprocessors in the next Galaxy S smartphone, according to a report from Bloomberg that cited people with direct knowledge of the matter. Shares of Qualcomm are down 2.7% to $70.50 in pre-market trading following the Bloomberg report.
05:53 EDTQCOMStocks with implied volatility movement; IBM QCOM
Stocks with implied volatility movement; IBM (IBM) 27, Qualcomm (QCOM) 33 according to iVolatility.
05:53 EDTQCOMSamsung drops Qualcomm chip from next Galaxy smartphone, Bloomberg reports
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January 16, 2015
10:01 EDTQCOMOn The Fly: Analyst Downgrade Summary
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08:24 EDTQCOMQualcomm downgraded to Hold from Buy at Drexel Hamilton
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06:03 EDTQCOMQualcomm Snapdragon 810 scheduled for product launches, DigiTimes reports
Although Qualcomm's Snapdragon 810 has been rumored to have defects and unstable mass production, DigiTimes Research says the product has already entered mass production. The AP may still have some defects, but they have not stopped vendors from adopting it into their products. Reference Link
January 15, 2015
16:14 EDTTSRATessera raises 2015 recurring revenue from $195M to $235M
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16:10 EDTTSRAAmkor to pay $155M to Tessera in litigation settlement
Tessera Technologies (TSRA) subsidiary Tessera, Inc., has entered into an agreement with Amkor Technology (AMKR) to settle all pending litigation between Amkor and Tessera, Inc. Under the terms of the agreement, Amkor will pay Tessera a total of $155M, comprised of sixteen equal quarterly recurring payments commencing in Q1 and continuing through 4Q18. This settlement includes the resolution of the previously awarded judgment of $128.3M plus interest, as well as additional amounts related to the settlement of other proceedings. Subsequent to this agreement, Tessera is raising its 2015 recurring revenue guidance from $195M to $235M. The parties have agreed to a mutual release and dismissal of all claims relating to their pending litigation and arbitration proceedings. The settlement agreement also provides that Tessera and Amkor will look for opportunities to engage in potential technology collaboration. Amkor expects to record an after-tax charge to earnings in Q4 for most of the total settlement amount.
06:14 EDTQCOMSamsung may dump Qualcomm chip in Galaxy S6 for own processor, DigiTimes says
Samsung (SSNLF) may dump Qualcomm's (QCOM) Snapdragon 810 processor for use in its next-generation Galaxy S smartphone in favor of its own Exynos-series chip, reports DigiTimes. According to other industry sources, Samsung's Galaxy S6 may have two versions using either Qualcomm's Snapdragon processors or Samsung's own Exynos chips. Reference Link
06:12 EDTQCOMTSMC sales likely to disappoint in Q2, DigiTimes reports
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January 14, 2015
06:04 EDTQCOMQualcomm implied volatility of 34 at upper end of index mean range
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