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News Breaks | | | | March 6, 2013 | | 08:41 EDT |  | KYO, XLS, QCOM, VZ | ITT Exelis reaches patent settlement agreements with Verizon,Qualcomm & Kyocera
ITT Exelis (XLS) has reached settlement agreements with four companies regarding patent infringement claims related to Exelis assisted GPS technology. The settlement agreements resolve all issues regarding the company’s claim that the mobile devices, components and networks sold or supported by Verizon (VZ), Qualcomm (QCOM), LG and Kyocera (KYO), incorporating assisted GPS technology, infringed on Exelis patent rights. Specific details of each of the settlement agreements remain confidential. | |
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News For XLS;VZ;QCOM;KYO From The Last 14 Days Check below for free stories on XLS;VZ;QCOM;KYO the last two weeks. |
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| June 19, 2013 | | 09:06 EDT |  | QCOM | Qualcomm picked up content in Galaxy S4, says William Blair
 Subscribe for More Information | | | 07:13 EDT |  | VZ | Telecom industry looks to grow through acquisition, Bloomberg reports
Global telecommunications companies are chasing after deals from Kansas to Munich in a quest for revenue growth that could lead to the biggest year for mergers in the industry since at least 2006, reports Bloomberg. Over $80B in telecommunications and cable transactions have already been announced or completed this year Reference Link | | | June 18, 2013 | | 16:12 EDT | | QCOM | Microsoft adds Qualcomm as Surface RT supplier, Bloomberg says
Microsoft (MSFT) will use Qualcomm (QCOM) chips in its updated Surface RT tablet, reports Bloomberg, citing people with knowledge of the company's plans. The report also cites a source that says Nvidia's (NVDA) Tegra chip will continue to be used for some versions of the Surface. Reference Link | | | 15:47 EDT | | QCOM | Microsoft said to have added Qualcomm as supplier for Surface RT, Bloomberg says
Subscribe for More Information | | | 06:14 EDT | | VZ | Verizon eyes Canada's Wind Mobile, Bloomberg reports
Subscribe for More Information | | | June 17, 2013 | | 11:18 EDT | | VZ | Samsung phone to transmit data at much faster speed, Reuters reports
Samsung intends to sell a version of its Galaxy S 4 smartphone that will transmit data at almost twice the speed of devices that use conventional LTE, the company's co-CEO said, according to Reuters. The company is in talks with a number of carriers about selling the new phone, the executive told Reuters. Reference Link | | | 09:55 EDT | | VZ | Verizon considering move into Canada, Globe and Mail says
Subscribe for More Information | | | 08:17 EDT | | XLS | Aireon signs data processing contract with ITT Exelis
Aireon announced that it has signed a 17-year, $42M agreement with ITT Exelis (XLS) to provide the Automatic Dependent Surveillance-Broadcast, or ADS-B, data processing and distribution component of the Aireon system. This contract further extends the ongoing relationship with Exelis, who also provides systems engineering services for Aireon. Aireon, a joint venture between Iridium Communications Inc. (IRDM) and NAV CANADA, will take advantage of the hosted payload space on Iridium NEXT, Iridium's second-generation satellite constellation. | | | 06:02 EDT | | XLS | ITT Exelis receives contract from Lockheed Martin F-35 program
Subscribe for More Information | | | June 14, 2013 | | 07:15 EDT | | VZ | NSA data not collected directly from Verizon Wireless, T-Mobile, WSJ says
Because of their foreign ownership ties, Verizon Wireless (VZ, VOD) and T-Mobile USA (TMUS, DTEGY) do not have data on their calls collected directly by the National Security Agency, according to The Wall Street Journal, citing people familiar with the matter. The Journal's sources said the other two nationwide carriers, AT&T (T) and Sprint (S), have long cooperated with the government and officials believe they can still capture information on 99% of U.S. phone traffic because nearly all calls eventually travel over the networks owned by other cooperating companies. Reference Link | | | | June 13, 2013 | | 07:13 EDT | | XLS | ITT Exelis price target raised to $17 from $13.50 at Jefferies
Jefferies says ITT Exelis' actions coupled with a tick up in interest rates should lower the company's pension liability. The firm sees revenue visibility and views shares as undervalued. Jefferies upped its price target for ITT Exelis to $17 and keeps a Buy rating on the stock. | | | June 12, 2013 | | 12:12 EDT | | QCOM | Synaptics slides after firm warns of Galaxy S4 production cut
Shares of Synaptics (SYNA), which develops touch products for smartphones, are declining after research firm Maxim Group wrote that the company would be hurt by Samsung's (SSNLF) decision to produce many fewer Galaxy S4 devices. WHAT'S NEW: Samsung has started reducing its shipments of Galaxy S 4 smartphones in response to weak sales of the device, Maxim Group wrote in a note to investors. The Korean company is likely to reduce production of the device by 20%-25%, the firm added. Synaptics has the most exposure to the Galaxy S4 of all the companies that Maxim covers, the analyst wrote. TODAY'S PRICE ACTION: In early afternoon trading, Synaptics fell $1, or 2.6%, to $37.75. OTHERS TO WATCH: Other companies with exposure to Samsung devices include Broadcom (BRCM), Maxim Integrated (MXIM), Audience (ADNC), Peregrine (PSMI), RF Micro Devices (RFMD), Skyworks (SWKS), ARM Holdings (ARMH), Qualcomm (QCOM), and TriQuint (TQNT). | | | 05:59 EDT | | QCOM | Qualcomm quarter tracking at least in-line, says Deutsche Bank
Deutsche Bank said it conducted channel checks for Qualcomm after reports said demand for Samsung’s S4 had slowed. Following checks, Deutsche believes Qualcomm's business continues to do well and that the quarter is tracking at least in-line with guidance. The firm maintains a Buy rating on the stock with a $78 price target. | | | June 11, 2013 | | 07:44 EDT | | QCOM | Qualcomm upside more likely than downside, says Morgan Stanley
Subscribe for More Information | | | June 8, 2013 | | 15:49 EDT | | VZ | AT&T sacrifices profit margin for a half million more customers, WSJ says
Subscribe for More Information | | | June 7, 2013 | | 12:22 EDT | | QCOM | Sharp to sell stock to Qualcomm
Sharp (SHCAY) said that it would sell about $62M of stock to Qualcomm (QCOM) for Y502 per share, Sharp reported today. The share sale is pursuant to a joint development agreement that the company made with Qualcomm (QCOM) on December 4, 2012, Sharp stated. Sharp expects payment for the shares to be completed on June 24, it added. Reference Link | | | 10:11 EDT |  | QCOM | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ARM Holdings (ARMH) initiated with a Hold at Topeka... American Software (AMSWA) initiated with a Buy at B. Riley... Amkor Technology (AMKR) initiated with a Buy at Topeka... Applied Micro Circuits (AMCC) initiated with a Hold at Topeka... Bank of America (BAC) initiated with an Underperform at Macquarie... Boulder Brands (BDBD) initiated with an Outperform at Imperial Capital... Broadcom (BRCM) initiated with a Buy at Topeka... Cadence Design (CDNS) initiated with a Buy at Topeka... Citigroup (C) initiated with an Outperform at Macquarie... Consolidated Water (CWCO) initiated with a Buy at Roth Capital... Cornerstone OnDemand (CSOD) initiated with an Equal Weight at Stephens... Crosstex Energy LP (XTEX) initiated with a Buy at Citigroup... Demandware (DWRE) initiated with an Overweight at Stephens... Freescale (FSL) initiated with a Buy at Topeka... Garmin (GRMN) initiated with an Outperform at Raymond James... Goldman Sachs (GS) coverage resumed with a Neutral at Macquarie... Mellanox (MLNX) initiated with a Hold at Topeka... Morgan Stanley (MS) initiated with an Outperform at Macquarie... Myriad Genetics (MYGN) initiated with a Buy at Cantor... NXP Semiconductors (NXPI) initiated with a Buy at Topeka... Piedmont Natural Gas (PNY) initiated with a Hold at BB&T... Platinum Group (PLG) initiated with an Outperform at BMO Capital... Qualcomm (QCOM) initiated with a Hold at Topeka... Rambus (RMBS) initiated with a Buy at Topeka... Spreadtrum (SPRD) initiated with a Buy at Topeka... Steven Madden (SHOO) initiated with an Overweight at Piper Jaffray... Take-Two (TTWO) initiated with a Buy at Stifel... Wolverine World Wide (WWW) initiated with a Neutral at Piper Jaffray. | | | 09:23 EDT | | QCOM | Qualcomm poised to significantly grow revenue, EPS, says UBS
UBS thinks that Qualcomm is well-positioned to grow its sales and EPS at a 15%+ compound annual growth rate over the next three years. The firm expects the company to benefit from royalty revenue increases generated by higher smartphone unit growth. It keeps a Buy rating on the stock. | | | 07:52 EDT | | QCOM | Qualcomm initiated with a Hold at Topeka
Target $65. | | | June 6, 2013 | | 11:31 EDT | | XLS | ITT Exelis awarded $125M by U.S. Navy to provide aircraft
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