July 6, 2005 |
Broadcom Corp. has filed an antitrust lawsuit that accuses larger competitor Qualcomm Inc. of stifling competition and inflating prices in the market for cellphone chips. Qualcomm threatened to cut off supplies to companies that bought from rivals and coerced users into supporting Qualcomm products over competing ones, according to the suit, filed July 1 in U.S. District Court in New Jersey. The suit escalates legal battles between the companies.
June 3, 2008 |
China pressed ahead with a restructuring of its telecommunications market Monday as mobile phone company China Unicom Ltd. announced plans to take over a fixed-line provider and sell off a cellphone business. The country's No. 2 mobile operator said it would acquire China Netcom Group Corp. in a share swap valuing the fixed-line operator at $23.8 billion. That represents a 3% premium over Netcom's last closing share price.
December 29, 1999 |
The sizzling telecom sector plus the lucrative Chinese consumer market apparently equals twice the excitement. Qiao Xing Universal Telephone Inc. shares zoomed more than sixfold Tuesday after the telephone-equipment maker said its application to make wireless phones with a popular technology is under review by the Chinese government. Qiao Xing, which trades on Nasdaq under the symbol XING, rose $42.88 to $51, after earlier leaping to $70. The stock traded at $2.75 as recently as Nov. 12.
June 15, 2000 |
Wireless technology giant Qualcomm's latest rally gave way to another sell-off Wednesday, after an analyst at brokerage Bear, Stearns & Co. cut his earnings forecasts for fiscal 2000 and 2001. San Diego-based Qualcomm (QCOM), which makes cell-phone chips and licenses its wireless technology, slid $10.88 to $70.50 on Nasdaq in heavy trading of 41.9 million shares. The stock had jumped from $66.06 on May 26 to $81.69 as of Monday, as investors returned to it after its deep slide in recent months.
November 9, 2007 |
Qualcomm Inc. reported Thursday that its fiscal fourth-quarter earnings nearly doubled on demand for chips that power high-end cellphones, but its estimate of first-quarter profit was on the low end of Wall Street's expectations. Shares of San Diego-based Qualcomm tumbled 3.5%, or $1.43, to $39.76, then plunged an additional $2.86 after hours. Qualcomm, the world's second-largest supplier of cellphone chips, earned $1.
July 20, 2006 |
Qualcomm Inc. said Wednesday that its fiscal third-quarter profit increased 15% on higher royalties and sales of handsets that provide music and faster Internet access. The San Diego-based maker of chips for mobile phones forecast profit in its current fourth quarter of 39 cents to 41 cents a share, minus some costs. That compares with the 42-cent average estimate of analysts surveyed by Thomson Financial.
February 15, 2006 |
Japan's Sanyo Electric Co. and Finland's Nokia Corp. announced Tuesday that they would combine some of their cellphone operations into a joint venture with major operations in San Diego. The new entity will have 3,500 employees, Nokia said; more than 200 jobs will be cut because of the merger. Apart from San Diego, the venture will have major operations in the Japanese cities of Osaka and Tottori. The companies did not say where the new entity's headquarters would be.
September 17, 1991 |
Qualcomm, a San Diego-based high-technology company that was founded in 1985, on Monday said it had filed with the Securities & Exchange Commission for an initial public offering that is designed to raise about $50 million. Qualcomm will offer its stock "at between $14 and $16 per share," according to Qualcomm Treasurer Dick Grannis. Qualcomm's IPO will include 3.5 million shares of common stock, of which 2.8 million shares would be sold in a domestic offering.
December 5, 2006 |
Qualcomm Inc. said Monday that it was expanding its wireless semiconductor capabilities with the acquisitions of a company that develops Wi-Fi technology for laptops and hotspots, and a business that specializes in Bluetooth connections between mobile devices such as cellphones and headsets. Qualcomm is paying an undisclosed amount to acquire all of Airgo Networks Inc. and $39 million to buy the majority of RF Micro Devices Inc.'s Bluetooth operations.
January 5, 2007 |
South Korea's antitrust regulator said Thursday that it had launched a full-scale investigation into alleged unfair market practices by U.S. wireless technology company Qualcomm Inc. The Fair Trade Commission early last month formed a task force to push forward a probe into allegations that the company used its dominant position in wireless technology to seek excessive royalties, said Shin Yeong-ho, a commission official.