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Qualcomm Inc. (QCOM)

  • 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!
  • Jun. 19, 2013, 2:42 PM
    Aside from Linn Energy (LINE +6%) (earlier), SandRidge Energy (SD +3.2%) also enjoys a sustained rise from Lee Cooperman's CNBC comments. He thinks SD's assets are worth close to $10/share and expects management changes in the coming weeks. The full list of stocks Cooperman likes (video): TCRD, ESRX, HAL, RIG, QCOM, MSI, CIM, S, DISH, ARP.
    | Jun. 19, 2013, 2:42 PM | 2 Comments
  • Jun. 18, 2013, 5:05 PM
    The next version of Surface RT (MSFT) will rely on both Qualcomm (QCOM) and Nvidia (NVDA) CPUs, Bloomberg reports. Though details are scant, one likely possibility is that Nvidia (the sole supplier for the first-gen RT) will power Wi-Fi-only models, and Qualcomm will power 3G/4G-capable models. The report comes as all signs indicate Qualcomm is set to displace Nvidia as the Nexus 7's CPU supplier. Meanwhile, Microsoft is selling the 32GB version of RT for just $199 (a 60% discount) to schools until Aug. 31, the latest in a string of aggressive promotions ahead of a refresh that could be announced at the upcoming BUILD conference.
    | Jun. 18, 2013, 5:05 PM | 4 Comments
  • Jun. 17, 2013, 2:32 PM
    With the help of Qualcomm (QCOM) silicon supporting the LTE-Advanced standard, Samsung (SSNLF.PK) is set to release a version of the Galaxy S4 that can deliver twice the download speeds of current models. GigaOm isn't too impressed, pointing out Samsung appears to be adopting a simple version of LTE-Advanced that offers a technique for pooling spectrum bands (carrier aggregation). Meanwhile, Reuters points out many analysts have lowered their S4 sales estimates to ~7M/month from a prior ~10M/month, following order cut reports. That could be pressuring Universal Display's (PANL -1.5%) shares. Qualcomm has an early lead in supporting LTE-Advanced, but Broadcom (BRCM) and Nvidia (NVDA) aren't far behind (I, II).
    | Jun. 17, 2013, 2:32 PM | Comment!
  • Jun. 17, 2013, 1:15 PM
    Google (GOOG +1.4%) roundup: 1) Google has settled a class-action suit over its plans to create Class C shares, and thus further cement Larry Page, Sergey Brin, and Eric Schmidt's control. The settlement compensates shareholders if the value of Class C shares differs 1%+ from their current Class A shares. 2) Specs leak for Motorola's X Phone - it reportedly has just a 720p display and dual-core Qualcomm (QCOM) MSM8960 CPU to go with a 10MP camera - and the next Nexus 7 - it has a quad-core Qualcomm APQ8064 CPU and dual cameras. 3) Ryan Lawler observes YouTube's top content creators are griping over ad prices and revenue splits, and looking for other options. But they're hesitant to completely leave due to YouTube's scale.
    | Jun. 17, 2013, 1:15 PM | 1 Comment
  • Jun. 13, 2013, 7:10 PM
    Broadcom (BRCM) is refreshing its 3G baseband/app processor line ahead of the arrival of its first 4G baseband chip (announced in February, but no volume production until 2014). The new BCM23550 processor sports four 1.2GHz. CPUs, Broadcom's VideoCore image-processing/streaming tech, and easy integration with the company's Wi-Fi Bluetooth competition. It's aimed at low-end Android phones in emerging markets (an area still seeing enormous growth), and will face competition from Qualcomm (QCOM - just refreshed its emerging markets lineup) and MediaTek. (Dec. '12 announcements)
    | Jun. 13, 2013, 7:10 PM | Comment!
  • Jun. 12, 2013, 4:52 PM
    Spreadtrum (SPRD) +24.3% AH after resuming trading in the wake of its big Q2 guidance hike. Mobile chipmakers with decent Chinese exposure are rallying in sympathy; in addition to the numbers, Spreadtrum's remarks about strong demand for low-end smartphones in China and other emerging markets are likely going over well. RFMD +2% AH. SWKS +3%. QCOM +0.5%.
    | Jun. 12, 2013, 4:52 PM | 5 Comments
  • Jun. 11, 2013, 6:05 PM
    As far as Qualcomm (QCOM) is concerned, Samsung's reported Galaxy S4 order cuts aren't a problem, says Morgan Stanley. The firm thinks the S4 weakness is being compensated by strength in the mid-range, where Qualcomm has more share, and thinks the company's June quarter is on track. Qualcomm is the biggest chip supplier for S4 models featuring a Qualcomm app processor - iFixit found 6 Qualcomm chips in the U.S. version - but Samsung's Exynos 5 Octa processor is used in many international units.
    | Jun. 11, 2013, 6:05 PM | 1 Comment
  • Jun. 7, 2013, 4:44 PM
    Qualcomm (QCOM) will finally make the second half of its staggered $120M investment in Sharp (SHCAY.PK), buying ¥6B ($62M) worth of shares in the TV/display panel maker after delaying the move in March due to Sharp's failure to make sufficient progress towards producing mobile LCDs based on Sharp's IGZO tech that the companies are jointly developing. Qualcomm, set to own 3.5% of Sharp, is undoubtedly interested in seeing high-res IGZO displays propel demand for its Snapdragon processors.
    | Jun. 7, 2013, 4:44 PM | 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.