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....
The European Commission will expedite an investigation of charges against Qualcomm Inc. by six leading wireless companies that the chip and licensing company has violated antitrust rules.The EC may dismiss the complaint if it finds no merit, it could settle the matter with Qualcomm...
YOU CAN'T HAVE A HOLIDAY PARTY without a potent punch bowl for all comers.The news from last week: Some of the latest models of 3G handsets will indeed appear in the United States in time for the retail party just getting under way.Specifically, the...
Motorola Inc. is shifting its long-term, 3G-chip business away from Qualcomm Inc. in favor of Texas Instruments Inc., leading one analyst last week to downgrade his short-term rating on Qualcomm from "buy" to "neutral."A Motorola spokeswoman confirmed that the company would use Qualcomm "opportunistically"...
Qualcomm Inc. can exhale now, and so can a number of its key customers. Holiday sales of imported 3G phones that had been banned by a federal agency can proceed. A ban on the importation of new 3G handsets containing Qualcomm chips will be...
Motorola Inc. has shifted its 3G chip business away from Qualcomm Inc. in favor of Texas Instruments Inc. and Freescale Inc., according to analyst Mark McKechnie. "We believe Motorola's decision was purely business," McKechnie wrote in a note to investors yesterday. "Our checks reveal...
