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.

QUALCOMM, Inc. (QCOM)’s Logistics Unit, Intel Corporation (INTC) & Lenovo, Broadcom Corporation (BRCM)’s Rating

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

Qualcomm to Sell Logistics Unit for $800 Million (The Wall Street Journal)
Chip maker QUALCOMM, Inc. (NASDAQ:QCOM) said Friday it has agreed to sell its North and Latin American transportation and logistics business, Omnitracs Inc., to Vista Equity Partners for $800 million in cash. “The opportunity for fleet management and telematics is evolving rapidly, and we believe Omnitracs is well positioned to continue its leadership position as a stand-alone entity,” QUALCOMM, Inc. (NASDAQ:QCOM) Executive Vice President Derek Aberle said.


Lenovo Could Save Intel Corporation (INTC), Not BlackBerry Ltd (BBRY) (Insider Monkey)
For months, market commentators have been speculating that Lenovo could be interested in purchasing BlackBerry Ltd to jump-start its mobile strategy. With companies like Apple, Samsung, HTC, and Motorola dominating the market for smartphones in the US, Lenovo lacks a solid strategy when it comes to mobile devices — right?

Broadcom Corp. Receives Hold Rating from Goldman Sachs Group Inc. (BRCM) (Zolmax News)
Goldman Sachs Group Inc. restated their hold rating on shares of Broadcom Corporation (NASDAQ:BRCM) in a report issued on Wednesday, Stock Ratings Network reports. They currently have a $30.00 target price on the stock. Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets cut their price target on shares of Broadcom Corp. from $40.00 to $32.00 in a research note to investors on Wednesday. They now have an outperform rating on the stock. Separately, 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.

LTE Chips Away at Qualcomm’s CDMA Royalty (Light Reading)
Ever since Verizon Wireless laid out its timeline for single-mode LTE smartphones, investors have been concerned for one company that may not be as excited about the transition: QUALCOMM, Inc. (NASDAQ:QCOM). The chip giant, of course, gets a hefty royalty from 3G CDMA chip sales since it invented the technology in 1990. Verizon Wireless is its biggest customer, so losing its business will be a blow to the steady stream of fees it has collected ever since. It’s not a new concern for Qualcomm Inc. , but one that’s become heightened as Verizon has grown more confident that voice-over LTE will let it build LTE-only handsets in about a year. (See CTIA: Verizon Pushes for Single-Mode LTE.)

Intel organises campaigns to demystify tech, drive PC demand (Zeebiz)
Aiming to boost consumption of personal computing devices like PCs, tablets, chip maker Intel Corporation (NASDAQ:INTC) has launched extensive campaigns covering over 50 cities and about 4 million customers to educate people on technology. The US-based firm has launched a nationwide campaign to increase relevance and demand of personal computing devices and drive domestic adoption of technology by targeting consumers with the message of how a PC can change their life.

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.