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Chipset News: Qualcomm, Inc. (QCOM)’s Higher Revenue, Intel Corporation (INTC)’s Consumption Devices & Broadcom Corporation (BRCM)

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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)

QUALCOMM, Inc.QUALCOMM, Inc. (NASDAQ:QCOM) shares trading up (NYSEPost)
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.

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