Editor’s Note: Related tickers: QUALCOMM, Inc. (NASDAQ:QCOM), Intel Corporation (NASDAQ:INTC), Broadcom Corporation (NASDAQ:BRCM), Goldman Sachs Group, Inc. (NYSE:GS), Facebook Inc (NASDAQ:FB), Google Inc (NASDAQ:GOOG), The Walt Disney Company (NYSE:DIS)
QUALCOMM, Inc. (QCOM) Set To Extend Its LTE Baseband Lead Over Intel Corporation, Others (iStockAnalyst)
QUALCOMM, Inc. (NASDAQ:QCOM) looks poised to extend its lead in LTE baseband share in 2014 as the competitors lag behind the company, which makes CDMA chips that power the leading smartphones and tablets. Qualcomm had 97 percent share of the LTE baseband market in the first quarter and a 59 percent share of the baseband market overall, according to Strategy Analytics, which said the global baseband market grew 18.5 percent to $4.6 billion in the first quarter. The other players in the market include Intel (12 percent) and MediaTek (10 percent).
Intel Corporation (NASDAQ:INTC) recovering in recent times ; has announced launch of its tablet in late 2014 (Avauncer)
Shares of Intel Corporation (NASDAQ:INTC) were down 1.59% to close at $22.16. As a result, shares remained at the downside of its 52-week range of $19.23 to $26.34. However, shares remained averagely traded with 27.31 million shares changing hands, up from the average volume of 41.49 million shares. The company has rightly identified its future amongst smartphones and tablets. The company shall launch its next-gen tablet in the second half of 2014. Company’s Cherry Trail and Willow Trail processors for tablets will arrive not before second half of 2014.
Goldman Sachs Group Inc Reaffirmed Hold Rating for Broadcom – AMD, NVDA, QCOM, ARMH, ALU (FiscalInsider)
Broadcom Corporation (NASDAQ:BRCM)‘s stock had its “hold” rating reaffirmed by investment analysts at Goldman Sachs Group Inc. in a note issued to investors on Wednesday, Stock Ratings Network reports. They currently have a $30.00 price objective on the stock. Goldman Sachs Group, Inc. (NYSE:GS)’s target price would suggest a potential upside of 19.19% from the company’s current price. Broadcom Corporation (NASDAQ:BRCM) shares decreased -0.87% to $25.17 in last trading session. Stock traded in range of $25.07 – $25.46.
Facebook’s Zuckerberg seeks to expand lower-cost Internet access to emerging economies (TheStar)
Facebook Inc (NASDAQ:FB) CEO Mark Zuckerberg has enlisted Samsung Electronics Co Ltd, QUALCOMM, Inc. (NASDAQ:QCOM) and other technology companies to help him in a project aimed at making Internet access affordable for the 5 billion people around the world who are not online. The group, called internet.org, is the latest effort by an Internet company to seek to expand Web access to emerging economies. It follows a similar thrust by Facebook rival Google Inc (NASDAQ:GOOG), which uses everything from balloons to fibre connections to expand connectivity.
Disney’s ESPN Holds Preliminary Talks for Web-Based Pay TV (BusinessWeek)
The Walt Disney Company (NYSE:DIS)’s ESPN sports network has held preliminary talks to offer programming on a Web-based TV service like those proposed by Google Inc (NASDAQ:GOOG), Sony Corp. and Intel Corporation (NASDAQ:INTC) An Internet TV provider would have to pay as much or more than cable and satellite services, President John Skipper said today at ESPN’s campus in Bristol, Connecticut. He declined to specify the companies ESPN has spoken with. A Web-based service would have to buy “the whole suite of products,” Skipper said. “We’re not going to offer one-offs.”
Intel Corp. Rating Increased to Neutral at Piper Jaffray Cos. (INTC) (DailyPolitical)
Piper Jaffray Cos. upgraded shares of Intel Corporation (NASDAQ:INTC) from an underweight rating to a neutral rating in a report issued on Monday, TheFlyOnTheWall.com reports. They currently have $22.00 target price on the stock, up from their previous target price of $20.00. “The chip industry is now solidly in the post-PC era, but PCs are not going away anytime soon. We expect a modest corporate refresh cycle driven by the end of support for Windows XP in April 2014 coupled with the release of Windows 8.1 in Q4. In addition, with the 2H13 launch of Bay Trail, Intel now has a low-end processor for tablets with good enough performance for consumers.
Qualcomm Is Hardly Threatened By Intel’s LTE Inroads (Trefis)
QUALCOMM, Inc. (NASDAQ:QCOM)’s dominance in the 4G LTE market has spurred Intel (NASDAQ:INTC) into finally announcing its first multi-mode LTE modem this week. The PC giant has long lagged QUALCOMM, Inc. (NASDAQ:QCOM) in the wireless space but it seems to be leveraging its 2010 acquisition of Infineon to slowly catch up. Intel has been hard at work not only improving the power efficiency of its Atom app processors – long considered the bane of x86-based chipsets in mobile – but also improving the wireless capabilities of its baseband modems.
Analysts: Broadcom Bumped from Top Picks and 3 More Research Notes to Look Over (AallStCheatSheet)
Broadcom Corporation (NASDAQ:BRCM): FBR Capital has removed Broadcom from its Top Picks List and lowered its price target for shares to $32 from $40, citing concerns over the company’s business with Apple and Samsung. The firm keeps an Outperform rating on the stock. Best Buy (NYSE:BBY): RBC Capital has increased its target on Best Buy to $41 from $31 after the company reported stronger than expected second quarter results. The firm keeps an Outperform rating on the shares.
