Qualcomm Inc. said that it expected revenue in its current quarter, on a pro forma basis, would be just above the high-end of its prior guidance of about $2.5 billion to $2.7 billion. Meanwhile, Texas Instruments Inc. narrowed its range for the quarter's revenue...
Chip provider, and thorn in Qualcomm's side, Broadcom saw its co-founder Henry Nicholas III indicted last week on fraud, conspiracy and . wait for it . drug charges. While the fraud and conspiracy charges are bad news for the company and investors, the drug...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Lehman Brothers raised its price target on Leap Wireless to $60 from $43 and improved its EPS estimates to a loss of 79 cents rather...
As Motorola Inc.'s growth sharply contracted between 2006 and 2007, four Chinese handset vendors were among the fastest growing in the business, although at markedly lower volumes.The finding is one of many disparate conclusions drawn in a new study from Forward Concepts that examined...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--RBC Capital Markets initiated coverage on Leap Wireless with a sector perform rating and a $55 price target.--Lehman Brothers lowered its 2008 EPS estimate on...
A class-action antitrust lawsuit has been filed against Qualcomm Inc., the San Diego-based CDMA technology giant. The suit appears to echo similar claims filed against Qualcomm by rival Broadcom, but was filed by an individual, Jesse Meyer, who bought a Motorola Inc. Razr from...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Lehman Brothers lowered its price target on Verizon to $48 from $50 and lowered its current-year EPS estimate on the company to $2.66 from $2.74....
AT&T Mobility and MediaFLO USA Inc. announced they will launch their long-awaited mobile TV service in May, but the details of the offering still remain somewhat unclear.Neither company pointed to a specific date for launch, nor what content would be featured on two channels...
HOLLYWOOD, Calif. -- Qualcomm Inc.'s push into the broadcast mobile TV space has been going slower than the company would like, CEO Paul Jacobs said in a keynote at the Tech Policy Summit here this morning.Qualcomm's subsidiary MediaFLO USA Inc. introduced services with Verizon...
The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.--Accedian Networks: RHO Canada Ventures, Skypoint Capital and Solidarity Fund QFL invested $7.6 million into Montreal-based Accedian Networks, which...
Broadcom Corp. scored a number of legal victories in patent litigation with rival Qualcomm Inc. last year but also, like its rival, managed to execute effectively on its business model. The company reported Thursday that fourth-quarter net revenue reached $1 billion, up 8% from...
A "focus on execution" has allowed Qualcomm Inc. to continue performing well, even while searching for a resolution to its stand-off with Nokia Corp. and defending its business model in patent disputes, the company announced.The San Diego-based chip and intellectual property-licensing firm posted $2.44...
PREDICTIONS ARE SO LAST YEAR.Instead, let's talk "expectations" - a term that seems to promise a more realistic look ahead at the new year. And there are questions worth asking that dog the conventional wisdom.To keep it tangible, consider issues related to mobile handsets...
On Monday, a federal judge said that Qualcomm Inc. must end the sale in the United States of W-CDMA chips that infringe on three Broadcom Corp. patents.The ruling's details are complicated, however, and Qualcomm said today that it is seeking clarification and "further relief"...
Chip maker Broadcom Corp. confirmed it complained last month to the U.S. International Trade Commission, alleging that Qualcomm Inc. is violating the ITC's ban on importing, testing or marketing chips using Broadcom's "983" patent.Qualcomm has endeavored to find a "workaround" solution that would circumvent...
Qualcomm Inc. apparently recognizes that mobile consumers remain a chatty lot. And with voice still the dominant mobile use, the San Diego chip company has purchased privately held SoftMax Inc. for its noise-reduction technology. Terms of the purchase were not disclosed.According to Qualcomm, SoftMax's...
Some sense that fortune has finally broken in its favor has Qualcomm Inc. glad for "small victories," though the company acknowledges it has a heaping plate of legal challenges ahead.Last month, a federal judge in Santa Ana, Calif., ruled that based on an unrelated...
While you were contemplating the origins of cranberry sauce in a can, a federal judge Friday let stand a jury verdict in Santa Ana, Calif., that found Qualcomm Inc. infringed on three Broadcom Corp. patents. The "willfulness" finding against Qualcomm, however, was dropped-as was...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Lehman Brothers lowered its rating on Leap Wireless to equal weight from overweight and cut its price target on the company to $43 from...
Whether an element of schadenfreude-pleasure at another's misfortune-has played a role in Qualcomm Inc.'s depressed stock value, no one can say. But two analysts this week took a careful look at Qualcomm's future and upgraded their rating of its stock, which ticked up more...
Qualcomm Inc.'s earnings in the fiscal fourth quarter and full year showed year-on-year improvements, but a modest outlook for the fiscal first quarter sent its shares down around 6% in after-hours trading. The stock was down around 3% this morning.The San Diego-based chip vendor...
A group of industry heavyweights-headed by Google Inc., T-Mobile, HTC Corp., Qualcomm Inc., and Motorola Inc.-announced a new software platform for cellphones that includes an operating system, middleware, user interface and applications. The alliance said the first phones based on the "Android" platform will...
Qualcomm Inc. apparently got some breathing room-how much, if any, remains to be seen-in its ongoing court battle over patent infringement in a Santa Ana, Calif., federal court with rival Broadcom Corp.Broadcom took a round in August when the jury found that Qualcomm had...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Morgan Stanley cut its EPS estimate on Sprint Nextel to 82 cents for 2008 to reflect weak current operating results and WiMAX buildout costs....
