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.”