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Qualcomm Inc. (QCOM)

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  • Jun. 4, 2013, 5:53 PM
    In a slight reversal of fortune, the ITC has ruled AT&T's versions of the iPhone 3GS (AAPL) and iPhone 4, and the 3G versions of the iPad 1 and 2, violate a standards-essential Samsung (SSNLF.PK) patent, and has issued a limited U.S. ban order. The ruling, which only covers 3G Apple hardware not relying on Qualcomm (QCOM) baseband chips, is final, but Apple can appeal to a federal court and/or ask the White House to intervene. Apple might also demand the patent be licensed under FRAND terms. U.S. iPhone 4 sales are still meaningful (for a few more months, anyway), but 3G iPad 2 sales are likely miniscule, and the 3GS and original iPad have been discontinued. AAPL -0.7% AH. (official ruling)
  • Jun. 4, 2013, 1:44 PM
    Intel (INTC +1.8%) roundup: 1) Intel follows up on its first Haswell launches by unveiling over a dozen CPUs aimed at notebooks and tablets/convertibles. Intel promises an 11% ultrabook performance boost relative to Ivy Bridge, and 7+ days of standby. Though Intel wants $600 ultrabooks in 2013, near-term pricing is a concern. 2) Intel claims 15 convertible designs are in the pipeline, and that there should be 50 by year's end. Plenty of designs are being shown off at Computex. 3) Intel's VC arm is creating a $100M fund to invest in "perceptual computing" tech such as voice/gesture control and emotion sensing. 4) Intel shows off a demo phone containing its Merrifield Atom CPU. The 22nm chip will ship early next year, and compete against Qualcomm (QCOM) and Nvidia's (NVDA) high-end offerings.
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  • May 31, 2013, 6:26 PM
    Qualcomm (QCOM) held a 97% share of the 4G LTE baseband chip market in Q1, estimates Strategy Analytics. Chalk that up to heavy R&D spend and a big head-start in developing chips with support for both multi-mode (2G/3G/4G) operation and a wide variety of frequency bands. That number is likely to fall going forward as offerings from Nvidia, Broadcom, and Intel arrive, but Qualcomm isn't standing still either. SA also estimates Qualcomm, aided by its Snapdragon baseband/app processor line, had a 59% share of the broader baseband market, up from 52% in 2012. That dwarfs #2 Intel's (INTC) 12% share and #3 MediaTek's 10%. ST-Ericsson and Spreadtrum (SPRD) rounded out the top-5.
  • May 30, 2013, 7:02 PM
    Galaxy S4 sales will top 20M in Q2 and 80M by year's end, estimates RBC, citing checks indicating strong U.S. demand. If Samsung (SSNLF.PK) pulls that off, it would be on its way to hitting its target of 100M lifetime sales. RBC also expects industry smartphone sales to rise 27% this year to 870M, and 20% in 2014 to 1B+. Meanwhile, a Russian site reports Samsung's June 20 London event will reveal the Galaxy S4 Zoom, a 4.3" phone sporting a 16MP camera with a 10x optical zoom, and the Galaxy S4 Active, a water/dust-proof S4 variant sporting a Qualcomm (QCOM) Snapdragon 600 CPU. Samsung's just-launched S4 Mini uses a Snapdragon 400. Other S4 suppliers: PANL, SYNA, ATML, RFMD, BRCM, ANAD, SWKS, TQNT.
  • May 22, 2013, 11:07 AM
    AIG remains at the top Goldman's list of hedge fund hotels (the 50 stocks appearing most frequently among hedge fund top 10 holdings). Google (GOOG) retains its #2 position. Apple (APPL) - in the top spot for 3 years until February - remains at #3. Goldman notes the basket has outperformed the S&P a bit this year and the top 20 has done better by more than 1000 basis points. We smell an ETF offering. The rest of the top 20: C, GM, PCLN, VMED, NWSA, MSFT, HTZ, JPM, APC, PFE, QCOM, CHTR, HES, CBS, EBAY, DAL, EQIX.
  • May 17, 2013, 11:27 AM
    Galaxy S4 sales will top 10M next week (less than a month after launching), says Samsung (SSNLF.PK) co-CEO Shin Jong-kyun. The Galaxy S III took 50 days to crack 10M. Samsung thinks S4 sales could eventually reach 100M, or twice the 50M the S III has seen over its lifetime. Suppliers with decent exposure: RFMD, ANAD, PANL, QCOM, BRCM, SYNA.
  • May 14, 2013, 9:27 AM
    The Lumia 925 (NOK) is officially revealed. Thanks to its aluminum frame, it's ~50g lighter than the 920, and ~30g lighter than the 928. Otherwise, the specs resemble the 928's: a 4.5," 1280x768, OLED display, a dual-core, 1.5 GHz., Qualcomm (QCOM) processor, and an 8.7MP camera with optical image stabilization. There's no xenon flash, but there is an advanced camera app that leverages Scalado. Nokia will be charging a steep unsubsidized price of €469 ($609) when the 925 hits China and Europe this June. But T-Mobile USA (TMUS) is expected to sell it for less than $100 subsidized. Shares -5%. Were investors expecting a 41MP sensor PureView phone?
  • May 10, 2013, 1:11 PM
    The next Nexus 7 (expected to be unveiled next week at the Google I/O conference) will feature a 1900x1200 display, Qualcomm's (QCOM) quad-core APQ8064 app processor, a Broadcom (BRCM) Wi-Fi/Bluetooth combo chip and NFC chip, and dual cameras, reports KGI Securities. This more or less matches past reports. But VR-Zone says a top-of-the-line Qualcomm Snapdragon 800 chip will be used. KGI, generally good with Apple rumors, also expects Google (GOOG) to unveil an Android laptop (no Chrome OS?), a set-top for Web streaming, and a smartwatch (previous), but not at I/O.
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  • May 10, 2013, 10:26 AM
    Nokia (NOK +2.7%) officially unveils the Lumia 928. It has a 4.5," 1280x768, OLED display (many high-end Android phones are now at 1080p), a 1.5GHz. dual-core Qualcomm (QCOM) Snapdragon processor, an 8.7MP camera with optical image stabilization and a xenon flash, and high-amp mics for audio recording. The specs are generally in-line with those mentioned in rumors. Verizon will start selling the 928 on May 16 for a subsidized $100 (with a rebate). Separately, Nokia announces the Lumia 620 (3.8" display) will be sold by AT&T's new Aio Wireless prepaid brand.
  • May 9, 2013, 3:18 PM
    U.K. mobile banking specialist Monitise PLC (MONIF.PK +9.1%) pops as Lee Cooperman - presenting at SALT in Las Vegas - calls it his top conviction pick: "no financial risk .. no debt ... the blessing of Visa." He owns more than 10% of the company. Other top picks: ESRX, QCOM, C, AIG, MET, and RIG.
  • May 6, 2013, 4:58 PM
    Qualcomm (QCOM) adds respected mobile industry vet Jon Rubenstein to its board. Rubenstein played a major role in developing the iPod while at Apple, and later helped develop webOS as Palm's executive chairman and eventually its CEO. Rubenstein left Palm acquirer H-P early last year. (PR)
  • May 4, 2013, 3:52 PM
    Barron's is out with its list of the 500 financially strongest companies as ranked after a rigorous cash and sales analysis. A quick filter on the list shows a good chunk of the names trade with a single-digit price to earnings ratio including Goodyear Tire & Rubber (GT). Despite all the buzz about booming auto sales in the U.S. and China, concerns about growth for Goodyear's products in other regions of the globe have lowered expectations. But with auto sale estimates for full-year being taken higher, Goodyear could see enough consistent revenue growth to justify a higher trading multiple. (Top 25: AAPL, WCC, WDC, DVA, CHRW, QCOM, JOY, V, STX, MRC, MA, CVI, COF, SYMC, MCK, WCG, ETN, BRCM, TMO, CI, CBI, NOV, WNR, HFC, DK)
  • May 2, 2013, 9:38 PM
    "Intel’s (INTC) competitive advantage is its expertise in manufacturing," writes Quartz's Christopher Mims, making the case ex-manufacturing chief Brian Krzanich is a better choice for CEO than an outsider. Though its mobile processor lines have lagged in adopting its most advanced processes, Intel's PC CPUs are made on a 22nm process at a time when Qualcomm, Nvidia, and others are at 28nm ... and they should get to 14nm while rivals are at 20nm. If Krzanich can eliminate the lag, it could give Intel an edge when battling for mobile design wins, at least when 4G modem integration (where Qualcomm has a lead) isn't required. (previous: I, II)
  • Apr. 30, 2013, 6:29 PM
    Football stadium naming rights notwithstanding, Qualcomm (QCOM) still has a pretty low profile with consumers. The company is hoping a new branding campaign for its Snapdragon processors will raise that profile to a more Intel-like level. The campaign will feature national TV and movie theater ads, and will eventually reach China and other foreign markets. It'll arrive in a year that has already seen an over-the-top CES keynote in which the mobile chip/IP giant seemed to be screaming for attention.
  • Apr. 27, 2013, 11:42 AM
    More on Qualcomm: Digitimes reports Qualcomm and Spreadtrum (SPRD) have cut prices for Chinese quad-core chips due to competition from MediaTek; Qualcomm has reportedly cut prices below $10 (low by its standards). The report is noteworthy given Qualcomm's growing Chinese presence, and the fact its chip margins (along with chip/royalty mix) had much to do with its disappointing FQ3/FY13 EPS guidance. Thanks to heavy R&D spend and a mix shift to emerging markets, the chip unit's op. margin fell to 17% in FQ2 from the year-ago period's 20%, and is expected to stay at 17% in FQ3; aided by FQ1's 26% margin, FY13 guidance is still for 18.5%-20.5%.
  • Apr. 27, 2013, 11:03 AM
    Qualcomm (QCOM) managed to get 6 chips in the U.S. version of Samsung's (SSNLF.PK) Galaxy S4, per iFixit's teardown: the high-end APQ8064 app processor, a 4G baseband chip, an audio codec chip, an RF transceiver (beating out SIMO), and 2 power management ICs; the U.K. version uses a Snapdragon 600 baseband/app processor. Also found: a MXIM microcontroller, an SIMG video transmitter, a SWKS 2G power amplifier module, a BRCM NFC chip (likely to go with a combo chip), ATML and SYNA touch controllers, and Toshiba (TOSBF.PK) NAND flash (previous). (Chinese S4 teardown) (Galaxy S III teardown) (also)
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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.