Chipset News Updates: QUALCOMM, Inc. (QCOM)’s CEO Paul Jacobs, Intel Corporation (INTC) Encourages Atom-Based Android Tablets, Broadcom Corporation (BRCM) Price Target Lowered

Editor’s Note: QUALCOMM, Inc. (NASDAQ:QCOM), Intel Corporation (NASDAQ:INTC), Broadcom Corporation (NASDAQ:BRCM)

Qualcomm’s Paul Jacobs caught wearing an unidentified smart watch (IntoMobile)
QUALCOMM, Inc. (NASDAQ:QCOM)’s chairman and CEO Paul Jacobs was in Silicon Valley last week talking about a broad range of topics at the Computer History Museum. He talked about his career, Moore’s Law, smartphones, tablets and wearable computing. At one point during the conversation, Jacobs mentioned a smart watch he was wearing as an example of where mobile technology is going. That, however, was a stunt of sorts, since he was quick to pull down his sleeve so that no one can see the device.

Intel Corporation (NASDAQ:INTC)Intel Encourages Atom-based Android Tablets for Education (Tablet PC Review)
Intel Corporation (NASDAQ:INTC) has released a pair of reference designs for tablet intended for students. Naturally, these will use the chip-maker’s processors, and will run Google’s Android operating system. Intel Education TabletOne of these will have a 10-inch display, and will run Android 4.0 (Ice Cream Sandwich) on an Atom Z2460. The 7-inch version will include Android 4.1 ( Jelly Bean) running on an Atom Z2420 processor.

Broadcom Corp. Price Target Lowered to $34.00 at Morgan Stanley (BRCM) (Daily Political)
Analysts at Morgan Stanley reduced their price target on shares of Broadcom Corporation (NASDAQ:BRCM) from $36.00 to $34.00 in a research report issued to clients and investors on Tuesday, Analyst Ratings.Net reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 28.01% from the company’s current price. A number of other firms have also recently commented on BRCM. Analysts at Goldman Sachs Group Inc. downgraded shares of Broadcom Corporation (NASDAQ:BRCM) from a “buy” rating to a “neutral” rating in a research note to investors on Monday. They now have a $30.00 price target on the stock, down previously from $36.00.

Qualcomm’s CFO to retire (evertiq.com)
William (Bill) Keitel has decided to retire as QUALCOMM, Inc. (NASDAQ:QCOM) executive vice president and CFO. George S. Davis, currently executive vice president and CFO of Applied Materials, Inc., will replace Mr. Keitel effective March 11, 2013. Keitel will continue as chief financial officer until that time, and will then assist with the transition and serve as special advisor to the CEO for the remainder of the calendar year. Davis will report to Paul Jacobs, chairman and chief executive officer of QUALCOMM, Inc. (NASDAQ:QCOM).

Intel Capital invests $8.8 m in NxtGen (Hindu Business Line)
Intel Capital, chip-maker Intel Corporation (NASDAQ:INTC)’s investment arm, has invested $8.8 million (about Rs 50 crore) in Bangalore-based start-up NxtGen Datacenter & Cloud Technologies. “This investment from Intel Capital will be used to complete the large high-density data centre facility coming up in Bangalore, which we expect to be operational by March 2014, and for further development of on premise data centres,” said A.S. Rajgopal, Managing Director and Chief Executive Officer, NxtGen Datacenter.

The Case Builds for Broadcom as a Value Stock (24/7 Wall St.)
Broadcom Corporation (NASDAQ:BRCM) is supposed to be a technology and semiconductor winner in the migration to tablets and smartphones and as mobile communication rises. Unfortunately, its shareholders are finding out that this path to victory is not assured and can come with hefty losses along the way. While stocks are very close to all-time highs on the DJIA and S&P 500, shares of Broadcom Corporation (NASDAQ:BRCM) are far closer to 52-week lows than to the 52-week highs. This chip player is down and out and severely out of favor, but at some point the value investor crowd is going to have to pay attention here, based on its current share price and valuations.

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