Chipset Updates: QUALCOMM, Inc. (QCOM)’s Mobile Apps Market, Intel Corporation (INTC)’s Bug Fixes, Broadcom Corporation (BRCM)’s 5G Wi-Fi

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

Qualcomm moves to deepen mobile apps market (Business Day)
QUALCOMM, Inc. (NASDAQ:QCOM), a global technology company, whose ideas and inventions have driven the evolution of wireless communications, has entered into strategic partnership with Mobile Monday, in a move aimed at strengthening the local applications development market. Mobile Monday is a global organisation, whose ecosystem has provided opportunities for mobile application developers. Speaking at a forum in Lagos to announce the partnership, Alex Dadson, Senior Director, Business Development for West Africa, said the purpose of the partnership was to offer opportunity to mobile application developers and to help them improve on their applications and solutions.

Intel Corporation (NASDAQ:INTC)

Latest Intel Iris and HD graphics driver offers 26 bug fixes (Hexus)
Intel Corporation (NASDAQ:INTC) has updated its graphics driver for users of its integrated graphics chipsets built-into 3rd and 4th generation Core processors. The combined drivers, for Windows 7 and 8, are said to bring a whole host of fixes in applications and games. The new Intel graphics driver is flagged as version (for 32-bit Windows) and version (64-bit). These updates to Intel Corporation (NASDAQ:INTC)’s graphics driver quash 26 bugs in applications and games. Ivy Bridge system owners have three issues fixed, the rest of the bugs and glitches fixed are specific to Haswell systems.

Broadcom uses TriQuint products in 5G Wi-Fi reference design (telecompaper)
Chipmaker Broadcom Corporation (NASDAQ:BRCM) is using TriQuint Semiconductor’s TriConnect 5 GHz WLAN front-end modules and premium LTE/Wi-Fi coexistence filters in its 5G Wi-Fi reference designs. The 5G Wi-Fi (IEEE 802.11ac) technology delivers throughput, long operating range and extended battery life for smartphones, tablets and other consumer devices.

Qualcomm’s a Great Company, but Not a Great Buy (The Motley Fool)
If there is a chip company out there that could rightly be called the “Intel of Mobile,” it would be QUALCOMM, Inc. (NASDAQ:QCOM). For those unfamiliar with the story, Qualcomm is the leading merchant vendor of mobile applications processors and cellular platforms, and supplies chips to the likes of Apple and Samsung. Furthermore, QUALCOMM, Inc. (NASDAQ:QCOM) owns a veritable war chest of patents on key wireless standards, which has allowed it to generate a very healthy royalty stream that has grown commensurate with the continued growth in mobile devices. However, at current levels, risk is much more heavily weighted to the downside.

Susquehanna Upgrades Broadcom (BRCM) to Positive; Expectations Reset (Street Insider)
Susquehanna upgraded Broadcom Corporation (NASDAQ:BRCM) from Neutral to Positive with a price target of $35.00 (from $33.00). Analyst Chris Caso comments, “Our downgrade of BRCM in May was predicated on already high Street expectations on handsets and no notable improvement in networking to drive upside. We think expectations and the stock price have now been sufficiently reset ahead of what we expect to be catalysts in 2014 – including the iPhone 6 product cycle, potential improvement in networking and the impact from the recent Renesas acquisition. In addition, after several years of overspending on their handset initiatives, we think we are now closer to the point where the company either captures a return on that investment or is forced to moderate spending – either of which benefit profitability. We see the upcoming December analyst meeting as a potential intermediate catalyst.”

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