Qualcomm Forecasts Sales That May Top Analysts’ Estimates (Bloomberg)
QUALCOMM, Inc. (NASDAQ:QCOM), the largest seller of semiconductors for mobile phones, forecast fiscal fourth-quarter sales that may exceed analysts’ estimates, buoyed by smartphone demand in emerging markets. Sales in the period that ends in September will be $5.9 billion to $6.6 billion, San Diego-based QUALCOMM, Inc. (NASDAQ:QCOM) said yesterday in a statement. Net income will be 86 cents to 94 cents a share. Analysts on average had projected revenue of $6.3 billion and earnings of 94 cents, according to data compiled by Bloomberg.
Mouser and Intel announce global distribution agreement (CiOL)
Mouser Electronics Inc. has signed a global agreement with Intel Corporation (NASDAQ:INTC), the creator of the microprocessor and owner of the most advanced process technologies in the industry. Intel is one of the world’s largest manufacturers of semiconductors and continues to build on its heritage of leadership and innovation. Mouser’s comprehensive offerings and capabilities provide engineers with direct access to Intel Corporation (NASDAQ:INTC)’s entire portfolio of Mobile, Desktop, and Server products.
Broadcom launches next-gen HD DOCSIS 2.0 STB soln (CiOL)
Broadcom Corporation (NASDAQ:BRCM) announced a new reference platform for operators in emerging markets to more cost-effectively deploy two-way set-top box (STB) solutions with high definition (HD) and Data Over Cable Service Interface Specification (DOCSIS) 2.0. The new Broadcom Corporation (NASDAQ:BRCM) chipset builds on the proven engineering and expertise of the BCM7019 HD cable system-on-a-chip (SoC) and delivers on operators’ current needs for even higher performance, lower-cost STB devices.
Smartphone Demand Propels Qualcomm to 3Q Beat (FoxBusiness)
Fueled by strong demand for smartphones, chip-making giant QUALCOMM, Inc. (NASDAQ:QCOM) revealed stronger-than-expected third-quarter earnings late Wednesday and said it sees more room for mobile device growth across the globe. The San Diego-based maker of chips for devices like Apple Inc. (NASDAQ:AAPL)‘s iPhone reported net income of $1.58 billion, or 90 cents a share. Excluding one-time items, QUALCOMM, Inc. (NASDAQ:QCOM) said it earned $1.03 a share, matching average analyst estimates in a Thomson Reuters poll.
Intel outlines strategy for datacenter business (DigiTimes)
As the massive growth of information technology services places increasing demand on the datacenter, Intel has outlined its strategy to re-architect the underlying infrastructure. The company also announced additional details about its next-generation Intel Atom processor C2000 product family (codenamed Avoton and Rangeley), as well as outlined its roadmap of next-generation 14nm products for 2014 and beyond. To help companies prepare for the next generation of datacenters, Intel Corporation (NASDAQ:INTC) revealed its plans to virtualize the network, enable smart storage solutions and invest in innovative rack optimized architectures.
Intel Readies Inexpensive Six-Core Microprocessor (XBitLabs)
Although Intel Corporation (NASDAQ:INTC) is about to start shipping its next-generation Core i7-4800/4900 “Ivy Brige-E” chips for high-end desktops (HEDTs) in the coming weeks, the company may also be readying a relatively cost-efficient six-core microprocessor based on the current-generation “Sandy Bridge-E” technology. Officially, Intel Corporation (NASDAQ:INTC) only has four second-generation Core i7 “Sandy Bridge-E” microprocessors in LGA2011 packaging in its lineup: three six-core i7-3900-series chips and one quad-core i7-3820 product. However, this week it was discovered in an Intel document that Intel Corporation (NASDAQ:INTC) is either preparing, or already shipping, a mysterious Core i7-3910K central processing unit.
Broadcom Corp. Price Target Cut to $35.00 (BRCM) (ZolMax)
Topeka Capital Markets lowered their target price on shares of Broadcom Corporation (NASDAQ:BRCM) to $35.00 in a research note issued on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ price target suggests a potential upside of 29.58% from the stock’s previous close. Shares of Broadcom Corporation (NASDAQ:BRCM) traded down 15.14% during mid-day trading on Wednesday, hitting $27.01. Broadcom Corp. has a one year low of $29.95 and a one year high of $37.85. The stock’s 50-day moving average is currently $33.94. The company has a market cap of $15.423 billion and a P/E ratio of 22.31.
Broadcom Tumbles as Sales Forecast Trails Estimates (Bloomberg)
Broadcom Corporation (NASDAQ:BRCM), a maker of chips that connect mobile devices to the Internet, fell the most in more than five years after issuing a revenue forecast that trailed analysts’ estimates amid slowing smartphone sales. The shares tumbled 15 percent to $27.01 at the close in New York, the biggest drop since October 2007. The stock has dropped 19 percent this year, compared with a 24 percent gain for the Philadelphia Semiconductor Index. …Broadcom Corporation (NASDAQ:BRCM)’s products enable wireless connectivity in products such as Apple Inc. (NASDAQ:AAPL)’s iPhone and iPad, and some of Samsung Electronics Co. (005930)’s Galaxy line of mobile devices.