Market Currents

• Tuesday, November 24, 2009

• 09:22 AM Ericsson (ERIC -0.5%) withdraws a complaint to European authorities over Qualcomm's (QCOM +1%) licensing practices, bringing an end to the legal wrangling. Qualcomm says it's extremely pleased the case - which could have led to a fine or reduced royalties - has been closed. 1 Comment

• Thursday, November 5, 2009

• 09:00 AM Premarket gainers: LAMR +16%. R +16%. ONNN +8%. DYN +7%. DIRI +7%. IRE +5%. BCRX +5%. NVAX +5%. MGM +5%. PCS +5%. CTIC +4%. CVM +4%. ING +4%. TRA +4%. QCOM +4%. AIB +4%. FNM +4%. CSCO +4%. CNO +4%. AMMD +4%.
  Losers: CVS -10%. AEO -10%. ARO -10%. WFMI -10%. DPTR -9%. BEE -8%. CF -7%. ATPG -7%. ABK -6%. Comment!

• Wednesday, November 4, 2009

• 16:50 PM Qualcomm (QCOM): FQ4 EPS of $0.48 misses by $0.04. Revenue of $2.7B (-19%) vs. $2.8B. Sees Q1 revenue of $2.55B-2.75B vs. $2.84B. Shares +0.7% AH. (PR) 1 Comment
• 00:10 AM Notable postmarket earnings: ALL, CSCO, CXW, DOX, EGLE, ESLR, GDP, GG, HCN, IO, MCHP, MUR, NWS, ONNN, PRU, QCOM, SHO, SVNT, THQI, WFMI 1 Comment

• Wednesday, September 23, 2009

• 13:31 PM Dutch firm iRex enlists Verizon Wireless (VZ), Qualcomm (QCOM), Best Buy (BBY) and Barnes & Noble (BKS) for help in its new e-reader to be sold later this fall. The new reader crowds into a market featuring devices from Amazon.com (AMZN), Sony (SNE) and soon from Plastic Logic. Comment!

• Tuesday, August 11, 2009

• 10:08 AM A judge grants Qualcomm's (QCOM -0.4%) motion to dismiss a consumer class-action lawsuit alleging antitrust violations and unfair competition. Comment!

• Thursday, July 23, 2009

• 13:33 PM South Korea’s fair trade regulator slaps Qualcomm (QCOM -2.7%) with a record $208M fine, accusing the U.S. chipmaker of abusing its market dominance. Qualcomm called the ruling "overly excessive and unwarranted," and vowed to fight it. Comment!

• Wednesday, July 22, 2009

• 16:07 PM Qualcomm (QCOM): Q3 EPS of $0.54 beats by $0.02. Revenue of $2.75B (unchanged) in-line. Sees Q4 revenue of $2.55B-2.75B vs. $2.71B. Sees FY09 revenue of $10.25B-10.45B vs. $10.39B. Shares -2.4% AH. (PR) Comment!
• 00:10 AM Notable earnings after Wednesday's close: ADS, BCR, CTXS, CVA, DOX, EBAY, EFX, EQIX, ETFC, FFIV, ISIL, ISRG, JAH, KNX, LHO, LOGI, MOS, NE, NFX, OMTR, OSIP, QCOM, RJF, RRC, SNDK, STLD, SWKS, TEX, TQNT, VMW, WLT Comment!

• Tuesday, June 23, 2009

• 11:40 AM EU regulators are torn over filing formal antitrust charges against Qualcomm (QCOM -2.2%) that would allege the company overcharged customers on patent royalties. Formal charges could result in heavy fines and a reduction in royalties, but staff aren't convinced they have enough evidence. Comment!

• Wednesday, June 17, 2009

• 09:49 AM Qualcomm (QCOM) +2.5% after being added to Goldman's "Conviction Buy" list. Firm says QCOM's licensing business remains undervalued, and thinks a new wave of Windows CE netbooks will widen the market for its Snapdragon chip. Comment!

• Monday, June 8, 2009

• 09:53 AM No longer just for movie screens, 3D is shifting to computers as chip and display makers target the small but profitable niche. Companies trying to get in on the move include Nvidia (NVDA), Intel (INTC) and Qualcomm (QCOM). Comment!

• Monday, April 27, 2009

• 07:50 AM Qualcomm (QCOM): FQ2 EPS of $0.11 misses by $0.30. Revenue of $2.45B (-5.8%) vs. $2.35B. Shares -0.9% premarket. (PR) Comment!
• 07:38 AM Qualcomm (QCOM) agrees to pay rival Broadcom (BRCM) $891M over four years to settle a series of long-standing legal disputes. Comment!
• 00:05 AM Notable earnings before Monday's open: BEAV, CHKP, EPD, GLW, HUM, IMA, LO, OMC, QCOM, SII, TKR, VZ, WHR Comment!

• Thursday, April 23, 2009

• 09:13 AM Qualcomm (QCOM) delays its Q2 earnings announcement until Monday after revealing it's in advanced talks to settle a series of legal disputes with rival Broadcom (BRCM). QCOM +3.4%, BRCM +7.0% premarket. Comment!