Editor’s Note: Related tickers: QUALCOMM, Inc. (NASDAQ:QCOM), Intel Corporation (NASDAQ:INTC), Broadcom Corporation (NASDAQ:BRCM), Goldman Sachs Group, Inc. (NYSE:GS), Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG)
Qualcomm to sell North and Latin American transportation and logistics business (Financial-News)
QUALCOMM, Inc. (NASDAQ:QCOM) said it has agreed to sell its subsidiary Omnitracs, Inc. to Vista Equity Partners. Subject to the terms and conditions of the definitive agreement, Vista will purchase Omnitracs for USD800m in cash. The acquisition will include all of Omnitracs operations in the United States, Canada and Latin America, including Sylectus and FleetRisk Advisors, which were acquired by Omnitracs in 2011. Barclays Capital Inc. is serving as financial advisor to Qualcomm. QUALCOMM, Inc. (NASDAQ:QCOM) is the world leader in 3G, 4G and next-generation wireless technologies.
Intel Corp. Given Buy Rating at TheStreet (INTC) (WatchListNews)
Intel Corporation (NASDAQ:INTC)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Friday, AnalystRatings.Net reports. The analysts wrote, “Intel (INTC) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.”
Broadcom Corp. Price Target Lowered to $32.00 at FBR Capital Markets (BRCM) (WatchListNews)
Broadcom Corporation (NASDAQ:BRCM) had its price target reduced by FBR Capital Markets from $40.00 to $32.00 in a research note issued to investors on Wednesday, Analyst Ratings Network.com reports. The firm currently has an outperform rating on the stock. Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley cut their price target on shares of Broadcom Corporation (NASDAQ:BRCM) from $36.00 to $34.00 in a research note to investors on Tuesday, August 13th. They now have an overweight rating on the stock. Separately, analysts at Goldman Sachs Group, Inc. (NYSE:GS).
Qualcomm to sell Omnitracs Inc to Vista Equity Partners for USDS800m (MenaFN)
QUALCOMM, Inc. (NASDAQ:QCOM), a provider of next-generation wireless technologies, on Friday announced that it has signed a definitive agreement to sell Omnitracs Inc, its North and Latin American transportation and logistics business subsidiary, to Vista Equity Partners. Under the terms of the agreement Vista will pay a purchase price of USD800m in cash. This acquisition will include all of Omnitracs’ operations in the US, Canada and Latin America, including Sylectus and FleetRisk Advisors, which were acquired by Omnitracs in 2011. Upon completion of the acquisition, Omnitracs will become a standalone entity.
Microsoft is not a broken company: Pro (CNBC)
Qualcomm Assigned Patent (HispanicBusiness)
QUALCOMM, Inc. (NASDAQ:QCOM), San Diego, has been assigned a patent (8,513,089) developed by Arvind Chandrasekaran, San Diego, for a “discontinuous thin semiconductor wafer surface features.” The abstract of the patent published by the U.S. Patent and Trademark Office states: “A semiconductor wafer has a semiconductor substrate and films on the substrate. The substrate and/or the films have at least one etch line creating a discontinuous surface that reduces residual stress in the wafer. Reducing residual stress in the semiconductor wafer reduces warpage of the wafer when the wafer is thin. Additionally, isolation plugs may be used to fill a portion of the etch lines to prevent shorting of the layers.”
ESPN via Google, Apple or Intel? TV sports giant considers streaming (BizJournals)
ESPN Inc., the self-proclaimed “Worldwide Leader in Sports,” has its eye on another market, and the network is considering tech leaders such as Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG) and Intel Corporation (NASDAQ:INTC) as potential partners. ESPN President John Skipper tells Bloomberg the Bristol, Conn.-based sports-TV giant is considering teaming up with an online TV provider with some of its more popular channels, such as ESPN and ESPN2, as well as mobile applications – seemingly referring to WatchESPN – offered to existing pay-TV subscribers. He declined to specify which companies have been in talks with ESPN.
Intel Media opens US offices in Internet television push (Dawn)
Setting up shop in Los Angeles’ Santa Monica and New York’s Nolita brings Intel Corporation (NASDAQ:INTC) closer to the major TV networks and production studios that the world’s biggest chipmaker must strike deals with to gather content for its live and on-demand service, Intel spokesman Jon Carvill said. Opening the offices is a sign that Intel is committed to moving ahead with the venture even though progress making deals has been slow. Some industry insiders have expressed doubts about Intel’s ability to successfully create a business to challenge traditional cable operators.
