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Qualcomm Inc. (QCOM)

  • Jul. 23, 2013, 1:02 PM
    Motorola Mobility (GOOGrefreshes its Droid lineup ahead of its Aug. 1. Moto X event. The 5" Droid Maxx is the highlight: aided by a giant 3,500mAh battery, Motorola claims the Maxx delivers 48 hours of continued use (the current Razr Maxx boasts 32 hours). The Droid Ultra is slightly thinner and offers less battery life, and the Droid Mini uses a 4.3" display, but the phones are otherwise similar. Much like the X, Motorola is offering features such as voice control and swipe/shake gestures to stand out. Each phone has a 720p display (many rivals are at 1080p). Verizon will sell the Maxx for a steep subsidized price of $300; the Ultra goes for $200, and the Mini $100. In a slight negative for QCOM, Motorola is using a home-grown app processor called the X8.
    | Jul. 23, 2013, 1:02 PM | 2 Comments
  • Jul. 22, 2013, 5:44 PM
    Broadcom (BRCM -1.3%) closed lower ahead of tomorrow's Q2 report after Barclays stated Qualcomm (QCOM +1%) combo chips were uncovered in a couple more device teardowns. Shares tanked last Wednesday after the Barclays reported a Galaxy S4 Mini teardown turned up a Qualcomm combo chip. The firm added the teardown suggests "QCOM is not as far behind [in the combo chip market] as many perceive," and that OEMs are optimizing for cost (where Qualcomm's platform-level solutions might have an edge) relative to performance (where Broadcom arguably maintains an edge), as demand shifts towards low-end/mid-range hardware.
    | Jul. 22, 2013, 5:44 PM | Comment!
  • Jul. 18, 2013, 2:27 PM
    Mobile chipmakers are selling off after Nokia's Q2 Lumia and total phone sales miss expectations, and top foundry TSMC (TSM -8.6%) provides light Q3 guidance (revenue of $5.37B-$5.48B vs. $5.48B consensus) and a 2013 industry forecast cut to go with a Q2 beat. 3 days after Digitimes reported top TSMC clients, including Qualcomm (QCOM -2.9%), Broadcom (BRCM +0.4%), and OmniVision (OVTI -1.6%), were paring orders due to weak PC and high-end smartphone sales, TSMC says it "[expects] the IC supply chain to begin managing inventories" in 2H. MXIM -3.5%. TQNT -3.1%. RFMD -3.4%. CRUS -1.6%. Goldman is defending TSMC. Skyworks (SWKS -1.3%) reports after the bell.
    | Jul. 18, 2013, 2:27 PM | Comment!
  • Jul. 17, 2013, 12:13 PM
    SandRidge Energy (SD +3.2%) gets a boost as Lee Cooperman presents at the Delivering Alpha conference. Asked which of his best ideas has the highest risk/reward, he says SandRidge is a potential double. The other picks:  ESRX, QCOM, TMO, ABR, ARP, CIM, KFN, TCRD.
    | Jul. 17, 2013, 12:13 PM | 5 Comments
  • Jul. 17, 2013, 10:15 AM
    Broadcom (BRCM -4.3%) dives after Barclays reports a teardown of Samsung's Galaxy S4 Mini indicates Qualcomm's (QCOM +0.4%) Atheros unit is the phone's Wi-Fi/Bluetooth combo chip supplier; the firm estimates Broadcom gets 28%-30% of its sales from combo chips. Broadcom has a dominant share of the combo chip market, aided by design wins for flagships such as the iPhone 5 and Galaxy S4. The S4 Mini (unlike the regular S4) doesn't support the next-gen 802.11ac Wi-Fi standard, which Broadcom has bet big on. Samsung made acquisitions (I, II) last year that suggest it wants to build its own combo chips, at least for low-end hardware.
    | Jul. 17, 2013, 10:15 AM | 1 Comment
  • Jul. 17, 2013, 9:04 AM
    Qualcomm Inc. (QCOM) declares $0.35/share quarterly dividend, in line with previous. Forward yield 2.26%. For shareholders of record Sept. 4. Payable Sept. 25. Ex-div Aug. 30. (PR)
    | Jul. 17, 2013, 9:04 AM | Comment!
  • Jul. 16, 2013, 2:48 PM
    A leaked image appears to provide full specs for the BlackBerry A10 (BBRY -1.8%): the image indicates the A10 will sport Qualcomm's (QCOM) dual-core MSM8960 processor (same as the Z10), a 5" 720p display (many high-end Android phones now have 1080p displays), 16GB of storage, and an 8MP rear camera and 2MP front camera. BGR provided a few details about the A10 last week, while adding it's the only completely new BB10 phone set to launch in the remainder of 2013.
    | Jul. 16, 2013, 2:48 PM | 32 Comments
  • Jul. 15, 2013, 11:46 AM
    Some of TSMC's (TSM -0.4%) top clients, including Qualcomm (QCOM -1.4%), Broadcom (BRCM -0.2%), and OmniVision (OVTI +0.3%), are slowing down their order pace and wafer starts thanks to concerns about PC and high-end smartphone sales, Digitimes reports. The report follows a light Q2 profit forecast from Samsung, weak Q2 PC shipment figures from Gartner and IDC, and a slew of negative analyst reports on high-end smartphone demand. On the other hand, MediaTek and Spreadtrum, two TSMC clients with strong low-end smartphone exposure, have posted strong numbers (I, II). Broadcom reports on July 23, and Qualcomm on July 24.
    | Jul. 15, 2013, 11:46 AM | Comment!
  • Jul. 15, 2013, 10:00 AM
    A roundup of tech analyst ratings changes: 1) Qualcomm (QCOM -1.6%) has been cut to Neutral by Lazard. 2) NetApp (NTAP +2.6%) has been upgraded to Overweight by Morgan Stanley. 3) ExOne (XONE -5.8%) has been cut to Hold by BB&T. 4) AppliedMicro (AMCC +13.2%) has been upgraded to Strong Buy by Raymond James. 5) Portugal Telecom (PT -2.8%) has been cut to Underperform by BNP Paribas. 6) eGain (EGAN +2.8%) has been started at Outperform by Northland. 7) Himax (HIMX +2.1%) has been started at Buy by Craig-Hallum. 8) American Tower (AMT -1.4%) has been cut to Neutral by ISI. 9) QLogic (QLGC -3.8%) has been cut to Underweight by Morgan Stanley. 10) Linear (LLTC -1%) has been cut to Neutral by Credit Suisse.
    | Jul. 15, 2013, 10:00 AM | Comment!
  • Jul. 8, 2013, 1:24 PM
    Chip stocks underperform (SOXX -1.8%) thanks to an Intel downgrade, negative PC commentary, and worries about Samsung's light profit forecast. Citi's Glen Yeung, who just cut his Intel estimates and pulled Qualcomm (QCOM -1.7%) from his firm's Top Picks Live list, notes smartphone penetration in developed markets (where high-end sales are concentrated) has hit 75%, and frets about a "lack of new, innovative features" in high-end phones. SWKS -3.4%. MRVL -2.9%. SMTC -3%. AVGO -3.1%. ADNC -4.3%. SNDK -2.4%. TQNT -2.4%. ATML -2.5%. TSM -3.2%. Chip ETFs: SMH, XSD, PSI, SOXL, USD, SOXS, SSG. (SIA sales data)
    | Jul. 8, 2013, 1:24 PM | 3 Comments
  • Jul. 8, 2013, 9:33 AM
    A roundup of tech analyst ratings changes: 1) Evercore has downgraded Intel (INTC -1.5%) to Underweight. Also, Citi has cut its estimates for Intel. 2) Citi has removed Qualcomm (QCOM -0.5%) from its Top Picks Live list. 3) Needham has downgraded contract manufacturers Flextronics (FLEX -0.9%), Plexus (PLXS -1%), and Benchmark Electronics (BHE -1%) to Hold. 4) HSBC has upgraded China Unicom (CHU +0.7%) to Neutral. 5) Jefferies has started Nintendo (NTDOY.PK) at Buy. 6) Evercore has downgraded ON Semi (ONNN -2.7%) to Equal Weight. 7) Barclays has downgraded VeriFone (PAY -1.2%) to Equal Weight.
    | Jul. 8, 2013, 9:33 AM | Comment!
  • Jul. 5, 2013, 12:32 PM
    Taiwanese mobile chip giant MediaTek reports Q2 revenue of NT$33.28B ($1.1B), +42% Y/Y and soundly beating guidance of NT$30B-$31.6B; shares rose 4.7% in Taipei in response. The numbers are another sign of surging demand for low-end/mid-range smartphones in China and other emerging markets, and could have implications for Qualcomm (QCOM -0.3%) and Spreadtrum (SPRD -1%), which MediaTek has been fiercely competing with for Chinese OEM design wins. They arrive as Samsung warns its Q2 op. profit will miss expectations following weaker-than-expected Galaxy S4 sales; a demand shift towards cheaper hardware is a likely culprit.
    | Jul. 5, 2013, 12:32 PM | 2 Comments
  • Jul. 3, 2013, 2:19 PM
    TSMC's (TSM) 28nm and 40nm manufacturing capacity is fully booked through Q3, chip industry sources tell Digitimes. The world's top foundry, which has already been taking share this year, is reportedly seeing strong orders from Qualcomm (QCOM), Broadcom (BRCM), and MediaTek, as booming demand for low-end/mid-range smartphones offsets high-end softness. Interestingly, sources also claim PC chip demand is picking up, and helping extend visibility for TSMC's advanced processes (NVDA and AMD are two PC-exposed users of TSMC's 28nm process). Spreadtrum, another TSMC mobile client, recently pre-announced a strong Q2.
    | Jul. 3, 2013, 2:19 PM | 1 Comment
  • Jul. 3, 2013, 11:22 AM
    Samsung (SSNLF.PK) is set to announce Galaxy S4 shipments have topped 20M, reports Korean news site iNews24. If true, that would mean the milestone was reached a little over 2 months after sales began, and about 5 weeks after shipments crossed 10M. For reference, it took 100 days for Galaxy S III shipments to top 20M. Though shipments could be notably higher than end-user sales if channel inventory is building up, the report (if accurate) might soothe fears of weak demand (spurred by multiple build order cut reports) a little bit. Suppliers with strong exposure: QCOM, BRCM, SYNA, RFMD, ANAD, OLED.
    | Jul. 3, 2013, 11:22 AM | 2 Comments
  • Jun. 28, 2013, 6:27 PM
    Qualcomm (QCOM) is losing Chinese smartphone processor share to MediaTek and Spreadtrum (SPRD), says TrendForce. Qualcomm's share is believed to have fallen to 33%. For reference, Strategy Analytics put Qualcomm's global baseband chip share at 59%. MediaTek is seen having a 52% Chinese processor share, and Spreadtrum (fresh off preannouncing a blowout Q2) an 11% share; both have been very aggressive with pricing. Qualcomm is trying to strengthen its hand by launching cheap quad-core processors and courting reference design wins. The launch of Chinese 4G services could eventually boost Qualcomm's share. IDC estimates Chinese smartphone sales rose 117% Y/Y in Q1, and made up 36% of global shipments.
    | Jun. 28, 2013, 6:27 PM | 8 Comments
  • Jun. 20, 2013, 2:07 PM
    Samsung (SSNLF.PK) confirms the launch of a Galaxy S4 model that doubles peak download speeds by supporting a basic version of the LTE-Advanced standard. Perhaps just as interestingly, the new model uses a processor from Qualcomm's (QCOM -1.3%) high-end Snapdragon 800 (2.3 GHz., quad-core) line, current models use either a Snapdragon 600 or Samsung's Exynos 5 Octa. Design win activity for the 800 appears strong - the rumor mill indicates an 800 chip will go into Samsung's Galaxy Note 3, as well as pending Nokia and Sony hardware. Benchmarks (I, II) show the 800 trouncing the Octa and even Apple's A6X CPU (used in the 4th-gen iPad).
    | Jun. 20, 2013, 2:07 PM | Comment!
QCOM vs. ETF Alternatives
Company Description
Qualcomm Inc develops digital communication technology called CDMA (Code Division Multiple Access), & owns intellectual property applicable to products that implement any version of CDMA including patents, patent applications & trade secrets.