Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Chipset News: Qualcomm, Inc. (QCOM)’s Offerings, Intel Corporation (INTC)’s Decision & Broadcom Corporation (BRCM)

Editor’s Note: Related tickers: QUALCOMM, Inc. (NASDAQ:QCOM), Intel Corporation (NASDAQ:INTC), Broadcom Corporation (NASDAQ:BRCM),, Inc. (NASDAQ:AMZN), Alcatel Lucent SA (NYSE:ALU)

New Kindle Fire HD tablets rumored to use much faster processor than Nexus 7 (TheVerge), Inc. (NASDAQ:AMZN) has long focused on the value proposition with its lineup of Kindle Fire Android tablets, but, if new rumors out today are accurate, the company’s new models may impress with their specifications. Tech blog BGR cites “multiple trusted sources” that say, Inc. (NASDAQ:AMZN)’s new Kindle Fire HD tablets will be powered by a QUALCOMM, Inc. (NASDAQ:QCOM) chip (MSM8974) from the Snapdragon 800 family — the most powerful of the chipmaker’s offerings. Prototype models of both the 7- and 8.9-inch Kindle Fire HD are said to have their processors clocked at 2GHz. We’ve yet to see QUALCOMM, Inc. (NASDAQ:QCOM)’s most powerful system-on-a-chip in a mass market device, but the company said to expect the first devices around half-way through 2013.

Intel Corporation (INTC)Insider Selling: James Plummer Dumps 6,815 Shares of Intel Corp. Stock (INTC) (MideastTime)
Intel Corporation (NASDAQ:INTC) Director James Plummer sold 6,815 shares of the stock on the open market in a transaction dated Monday, July 29th. The shares were sold at an average price of $23.23, for a total transaction of $158,312.45. Following the completion of the transaction, the director now directly owns 14,938 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Intel Corporation (NASDAQ:INTC) has been the subject of a number of recent research reports.

Broadcom Corporation (NASDAQ:BRCM) lowers price target at Sanford C Bernstein (WallStreetPR)
The price target on shares has been lowered by the stock analysts on shares at Sanford C Bernstein. The lowering of shares was from $41.00 to $36.00 according to the report issued on Thursday. There was an outperform rating on the stock with a typical price objective that amounted to 31.10% from the current price of the company. This fact was also weighted by other analysts on Broadcom Corporation (NASDAQ:BRCM). Even the price target on the shares of Broadcom Corporation (NASDAQ:BRCM) was cut by the Analysts at Wedbush. Again the analysts at Topeka Capital Markets also had cut the price on the shares to $35.00. At the final stage, price target on shares of the same company has been cut from $39 to $33.

Alcatel-Lucent Shares Reach 16-Month High on Qualcomm Linkup (SDDT)
Alcatel Lucent SA (NYSE:ALU), under new Chief Executive Officer Michel Combes, beat analysts’ estimates as cost cuts took hold and said QUALCOMM, Inc. (NASDAQ:QCOM) agreed to buy a minority stake. The stock reached a 16-month high in Paris. The second-quarter operating profit, excluding reorganization and impairment costs, was 24 million euros ($32 million), as sales rose 1.9 percent to 3.61 billion euros, the Paris-based network-equipment maker said today. Analysts had predicted a loss and a revenue decline.

Intel Corporation (NASDAQ:INTC) decides to shutdown Telmap Ltd (NYSEPost)
According to the source of ‘Globes’ Intel Corporation (NASDAQ:INTC) decides to shutdown Telmap Ltd which is the developer of M8 navigation app. Telmap Ltd was acquired by Intel Corporation (NASDAQ:INTC) in the year 20011 for $120 million, Intel Corporation (NASDAQ:INTC) decides to close Telmap as its efforts to modify and streamline strategy were continuously failing and it was involved in downsizing its employees largely. Intel Corporation (NASDAQ:INTC) recently announced as PC industry sags it cuts full-year revenue forecast, the company involved in calculating back capital spending as it is facing problem like weakness in china’s economic which is one of the biggest mark for Intel Corporation (NASDAQ:INTC) and lower sales in personal computer.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.