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Qualcomm Inc. (QCOM)

- NASDAQ
  • Apr. 24, 2013, 4:07 PM
    Qualcomm (QCOM): FQ2 EPS of $1.17 beats by $0.01. Revenue of $6.12B (+24% Y/Y) beats by $50M. Expects FQ3 revenue of $5.8B-$6.3B and EPS of $0.97-$1.05 vs. consensus of $5.88B and $1.04. Expects FY13 revenue of $24B-$25B and EPS of $4.40-$4.55 vs. consensus of $24.1B and $4.53. Shares -5.1% AH. (PR)
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  • Apr. 24, 2013, 1:31 PM
    Samsung's (SSNLF.PK) Galaxy S IV is a superb phone, if one can cope with a cheap plastic feel and too many gimmicks. That seems to be the consensus from the first full reviews. The Verge praises the S IV's display, camera, and performance, but still considers the HTC One a better bet. "The Galaxy S4 is fast and impressive, but it's also noisy and complex." TechCrunch and Gizmodo deliver similar takes. But others (I, II) make the case that more is ultimately better (this mindset has worked for Samsung thus far). The reviews arrive as Sprint and T-Mobile state their S IV launches will be delayed due to inventory issues. Key suppliers: QCOM, BRCM, SYNA, PANL, ATML, RFMD, TQNT. (previous)
    | 23 Comments
  • Apr. 24, 2013, 12:28 PM
    Are wireless chip stocks decoupling from Apple? Even with Apple off slightly as bleak June quarter guidance outweighs fresh capital returns, iPhone/iPad combo chip supplier Broadcom (BRCM +6.6%) is surging thanks to a Q1 beat and strong Q2 guidance, and is helping out some peers - QCOM +1.4%, SWKS +2.6%, INVN +1.8%, SNDK +1%. During its earnings call, Broadcom, which also provides combo chips for many Samsung phones, stated mobile chip sales only fell 1.6% Q/Q in seasonally weak Q1, and forecast sequential growth for the business (Apple-dependent Cirrus Logic sure isn't doing the same). Qualcomm reports after the close.
    | 4 Comments
  • Apr. 24, 2013, 12:10 AM
    Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA
    | 1 Comment
  • Apr. 23, 2013, 5:35 PM
    Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA
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  • Apr. 17, 2013, 9:11 AM
    Apple (AAPL) -1.2% after Cirrus Logic (CRUS), which gets over half of its revenue from the company, issues a revenue warning for the March and June quarters (FQ4 and FQ1). Though Cirrus' FQ4 revenue forecast of $206.9M is only a little below a $210.2M consensus, its FQ1 forecast of $150M-$170M is well below a $195.2M consensus. The audio codec chipmaker also says it will take a $23.3M write-down, $20.7M of which is due to "a decreased forecast for a high volume product" as a customer (quite possibly Apple) migrates to a new component (could be a sign of a new iPhone). SWKS -2.2%. QCOM -0.9%.
    | 8 Comments
  • Apr. 11, 2013, 2:11 PM
    Nvidia (NVDA -1.6%) announces: 1) It will return $1B to shareholders this fiscal year. $200M is expected to come from dividends, and the rest from buybacks ($100M this quarter). The chipmaker repurchased $100M worth of shares in the January quarter (last year's FQ4). 2) It expects Tegra sales to be flat this year, even as smartphone/tablet sales keep growing. The fact Qualcomm (QCOM) has been taking share while OEMs wait for the Tegra 4 app processor (volume shipments by end of July quarter) and 4i baseband/app processor (devices in Q1 '14) is undoubtedly a factor.
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  • Apr. 10, 2013, 6:32 PM
    The sell-side loves Qualcomm (QCOM) these days. The latest proof comes from Sterne Agee, which declares the chipmaker's Snapdragon 600 line to have gained share at multiple OEMs relative to last year's MSM8960 processor, which wasn't exactly a slouch. Sterne also notes reports Qualcomm's chips could go into 70% of Samsung (SSNLF.PK) Galaxy S IV units, a major improvement from its S III share, and that Galaxy S IV pre-orders are around 10M. Canaccord touted Qualcomm's strong 4G baseband position yesterday, and Raymond James last week.
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  • Apr. 10, 2013, 12:53 PM
    U.S. companies paid out an additional $14.5B in dividends on common stock in Q1 as more companies increased their payouts, S&P Dow Jones Indices reports, even as payout rates remain at a historically low 36%. The quarter saw 944 dividend increases, a 39.4% gain Y/Y. By percentage, some of the biggest dividend hikes came from F, WYNN, QCOM, HAL and HD.
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  • Apr. 9, 2013, 9:19 AM
    Qualcomm Inc. (QCOM) declares $0.35/share quarterly dividend, 40% increase from prior dividend of $0.25. Forward yield 2.13%. For shareholders of record June 05. Payable Juen 26. Ex-div date June 03. (PR)
    | 2 Comments
  • Apr. 3, 2013, 6:52 PM
    Qualcomm's (QCOM) reference designs could be doing wonders for its Chinese chip share: an exec says 40+ OEMs have commercialized 170+ devices (typically low-end smartphones) based on Qualcomm reference designs, and that over 90% of the OEMs are from China. Spreadtrum (SPRD) and MediaTek, who have their own reference design programs, are Qualcomm's main rivals here. Also: Susquehanna believes Galaxy S IV units sporting Snapdragon 600 processors (such as the U.S. version) will deliver 2x as much chip revenue to Qualcomm as iPhone units, to go with higher royalties. (previous)
    | 7 Comments
  • Apr. 3, 2013, 8:10 AM
    Google (GOOG) continues to move aggressively into the low-priced tablet market, aiming to launch a new version of its Nexus 7 tablet around July for maybe as low as $149, reports Reuters. A blow to Nvidia (NVDA), the tablet will reportedly be powered by Qualcomm's (QCOM) Snapdragon processor.
    | 3 Comments
  • Apr. 2, 2013, 1:39 PM
    Baidu's (BIDU +1.8%) Chinese search share stood at 70.5% as of March 20, down from 71.5% at the end of 2012, estimates T.H. Capital. Qihoo (QIHU -1.4%), by contrast, is believed to have grown its share to 13.5% from 10.4% over this time. Nonetheless, the firm thinks Baidu's page views and unique visitors respectively grew 0.9% and 0.6% in Q1, which it thinks could bode well for Q1 revenue. Separately, Sina Tech reports Baidu is working with Qualcomm (QCOM) on a Google Glass-like product called Baidu Eye. (Citi report)
    | 1 Comment
  • Apr. 2, 2013, 12:04 PM
    More on Raymond James' upgrade of Qualcomm (QCOM +0.3%): Analyst Tavis McCourt thinks concerns about 4G baseband chip competition (from Broadcom, Nvidia, etc.) are overblown. Whereas rivals will be offering basebands built on 28nm processes in 2014, Qualcomm will have moved to 20nm, McCourt argues. His remarks come as a Taiwanese paper reports TSMC (TSM) is ahead of schedule in installing 20nm gear, and hopes to start volume production in Q3. Nvidia's Logan app processor (due in 2014) will use a 20nm process, but its Tegra 4i baseband/app processor is at 28nm.
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  • Apr. 2, 2013, 9:26 AM
    Qualcomm (QCOM) +1.3% on an upgrade to Strong Buy from Outperform from Raymond James. The firm's PT has been raised to $83 from $80.
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  • Mar. 28, 2013, 4:31 PM
    A U.S. district court in Florida has denied a motion from Qualcomm (QCOM +0.4%) to dismiss an infringement suit levied by ParkerVision (PRKR +4.6%). The motion relates to an amended indirect infringement complaint filed by ParkerVision last September; a motion by Qualcomm to dismiss ParkerVision's original complaint was granted in August. ParkerVision investors like the news, which comes shortly after the chipmaker boasted of the quality of its patent portfolio in a PR.
    | 1 Comment
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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.