Qualcomm Technologies, Inc., the business arm of Qualcomm Inc. (QCOM), joined forces with Samsung to integrate Chinese BeiDou Satellite Navigation System into its product portfolio.
Qualcomm’s IZat location solution powered with Snapdragon 800 processors and BeiDou Satellite Navigation System provides accurate location-based information to Samsung Galaxy Note 3 users in China. Moreover, usage of Snapdragon chipset further enhances battery life of the device.
Generally, urban dwellers face the problem of poor signal due to interruptions caused by skyscrapers. The BeiDou Satellite Navigation System will facilitate uninterrupted transmission of signals.
The latest Robinhood Investors Conference is in the books, and some hedge funds made an appearance at the conference. In a panel on hedge funds moderated by Maverick Capital's Lee Ainslie, Ricky Sandler of Eminence Capital, Gaurav Kapadia of XN and Glen Kacher of Light Street discussed their own hedge funds and various aspects of Read More
The popularity of Qualcomm chipsets is continuously gaining popularity. Most high-end smartphones likeSony Corp’.s (SNE) Sony Xperia Z and BlackBerry Limited’s (BBRY) BlackBerry Z10 use Qualcomm chipsets. Qualcomm’s Snapdragon 800 quad core processors will gain traction with increased deployment of 4GLTE technology across emerging nations like India and China.
World’s largest telecom operator, China Mobile Limited (CHL), targets to deploy nearly 200,000 TD-LTE base stations by the end of 2013. China Mobile has already chosen Snapdragon and Gobi-based LTE-TD smartphones, as it runs well on such home grown networks. This will create a huge growth opportunity for Qualcomm in the upcoming quarters.
In the fourth quarter, Qualcomm shipped approximately 190 million CDMA-based MSM chipsets, up 35% year over year. This figure significantly surpassed the company’s guidance of a mid-point of 176 million. The company expects to ship 195–210 million MSM chipsets in the first quarter of fiscal 2014.
Currently, Qualcomm carries a Zacks Rank #2 (Buy).