Editor’s Note: Related tickers: QUALCOMM, Inc. (NASDAQ:QCOM), Intel Corporation (NASDAQ:INTC), Broadcom Corporation (NASDAQ:BRCM), Google Inc (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT)
The mobile chipset manufacturer with its operations based in San Diego, QUALCOMM, Inc. (NASDAQ:QCOM) had recently reported the third quarter results which proved to be higher than the expectations of the analysts. The company had reported earnings at $1.03 per basic and diluted share, which was exactly matching the estimates of the analysts. Further the revenues for the third quarter were reported to be at $6.2 billion, which was higher compared to the estimates at $6.05 billion for the technology juggernaut. The share of QUALCOMM, Inc. (NASDAQ:QCOM) was bullish by 1.88% on Friday…
Intel CFO Says Chipmaker Needs Mobile Product Wins for Growth (BusinessWeek)
Intel Corporation (NASDAQ:INTC), whose processors run more than 80 percent of the world’s personal computers, said the decline in the traditional PC market will persist as consumers shift to tablets and other mobile devices. “What you’re seeing is a transition of the classic PC market into these kinds of things,” Chief Financial Officer Stacy Smith said in an interview on Bloomberg TV. “If you think about the PC as being a classic computer that you might have used two or three years ago, I think that device declines.” Intel Corporation (NASDAQ:INTC) executives who had said tablets were “consumption devices” that would be bought in addition to PCs…
Sanford C. Bernstein Lowers Broadcom Corp. Price Target to $36.00 (BRCM) (UtahPeoplesPost)
Broadcom Corporation (NASDAQ:BRCM) had its price target lowered by Sanford C. Bernstein from $41.00 to $36.00 in a research note issued to investors on Thursday, Stock Ratings Network.com reports. The firm currently has an outperform rating on the stock. Shares of Broadcom Corporation (NASDAQ:BRCM) traded up 0.44% during mid-day trading on Thursday, hitting $27.42. Broadcom Corporation (NASDAQ:BRCM) has a 52 week low of $26.58 and a 52 week high of $37.85. The stock’s 50-day moving average is currently $33.26. The company has a market cap of $15.876 billion and a P/E ratio of 37.81. …Broadcom Corporation (NASDAQ:BRCM) is a global semiconductor solution for wired and wireless communications.
Qualcomm and Palomar Health Launch Incubator for Google Glass and Other Wearables (MedGadget)
Google Inc (NASDAQ:GOOG) Glass, the tech giant’s big leap into the world of wearable computing devices, has sparked a lot of interest from a variety of industries since its release in February. In medical tech , the term “glassomics” has been created and even trademarked to describe “a branch of medical informatics concerned with the study and development of in vivo, ex vivo and in silico applications for Google Inc (NASDAQ:GOOG) Glass, smart Watches, and sensors.” To help drive innovation in this new area of medicine, QUALCOMM, Inc. (NASDAQ:QCOM) Life, Inc. and Palomar Health have announced the launch of the Glassomics incubator.
Intel Corporation (NASDAQ:INTC) played an important part in fourth-generation processor – Haswell (NYSEPost)
Intel Corporation (NASDAQ:INTC) has played an important part in the improvement of the fourth-generation processor known as Haswell in Malaysia Design Centre. They are also providing future generation Clover Trail, Bay Trail and Broad well platforms. The company also builds centers in India, Taiwan and China and has investments of greater than $10 billion. They had employed greater than 20,000 people in these regions, which is one-fifth of the company’s total headcount. In Asia the company’s logistics and infrastructure developments are growing and the Malaysian facility is reliable for chips used in smart phones, tablets, and SOCs.
For now, Microsoft won’t win against Qualcomm – analysts (IVCPost)
Microsoft Corporation (NASDAQ:MSFT)‘s struggles do not stop with its problems in the software industry because it also faces a tough rival in the hardware sector. According to the latest earnings report, QUALCOMM, Inc. (NASDAQ:QCOM), a chip manufacturer, owns the inside track of phones such as Samsung Galaxy S4 and iPhone 5S. Its chips could be found in more than 800 smartphone devices along with 500 more on the way. Since QUALCOMM, Inc. (NASDAQ:QCOM) is the only LTE chip producer in the industry, it is considered as a good buy by the analysts. QUALCOMM, Inc. (NASDAQ:QCOM)’s growth was strengthened by more than US$1.8 billion investment on research and development. It gained an annual 21% rise. Its profits also boosted from US$4.20-US$4.45 per share to US$4.40-US$4.55 per share.
