qualcomm inc (QCOM) Key Developments
Qualcomm Signs License Agreement with Huizhou TCL Mobile Communication
Nov 9 15
Qualcomm Incorporated has entered into a 3G (third generation) and 4G (fourth generation) Chinese patent license agreement with Huizhou TCL Mobile Communication Co. Ltd. Under the terms of the agreement, Qualcomm has granted TCL a royalty bearing patent license to manufacture and sell 3G WCDMA and CDMA2000, and 4G LTE subscriber units. The royalties payable by TCL are consistent with the terms of the rectification plan submitted by Qualcomm to China's National Reform and Development Commission.
Qualcomm Incorporated and Huizhou TCL Mobile Communication Co., Ltd. Enter into 3G and 4G Chinese Patent License Agreement
Nov 5 15
Qualcomm Incorporated and Huizhou TCL Mobile Communication Co. Ltd. announced that they have entered into a 3G and 4G Chinese patent license agreement. Under the terms of the agreement, Qualcomm has granted Huizhou TCL Mobile Communication Co. Ltd. a royalty bearing patent license to manufacture and sell 3G WCDMA and CDMA2000, and 4G LTE (including '3-mode' GSM, TD-SCDMA, and LTE-TDD) subscriber units. The royalties payable by TCL are consistent with the terms of the rectification plan submitted by Qualcomm to China'sNational Reform and Development Commission.
Qualcomm Inc. Reports Earnings Results for the Fourth Quarter and Full Year of 2015; Provides Earnings Guidance for the First Quarter of Fiscal 2016
Nov 5 15
Qualcomm Inc. reported earnings results for the fourth quarter and full year 2015. For the quarter, the company earned $1.1 billion, or 67 cents per share, on $5.5 billion in revenue. A year ago the company earned $1.9 billion, or $1.11 per share, on sales of $6.7 billion. Non-GAAP earnings per share of $0.91.
For the year ending September 27, 2015 the company reported earnings of $5.3 billion, or $3.22 a share, on revenue of $25.3 billion. That's down from $8 billion, or $4.65 a share, on revenue of $26.5 billion in 2014.
The company reported earnings guidance for the first quarter of fiscal 2016. The company estimates revenues to be in the range of approximately $5.2 billion to $6 billion, up approximately 3% sequentially at the midpoint. The company estimates non-GAAP earnings per share in its first fiscal quarter to be approximately $0.80 to $0.90 per share, down 7% sequentially at the midpoint.
Qualcomm Incorporated Signs New Worldwide 3G/4G License Agreement with ZTE Corporation
Nov 2 15
Qualcomm Incorporated announced that it has signed a new worldwide 3G/4G license agreement with ZTE Corporation. The license includes terms that are consistent with the rectification measures that Qualcomm submitted to China's National Development and Reform Commission (NDRC) in February, 2015. Under the terms of the agreement, Qualcomm has granted ZTE royalty-bearing patent licenses to develop, manufacture, and sell 3G and 4G products, such as smartphones, modules, and infrastructure equipment, including 3-mode (LTE-TDD, TD-SCDMA and GSM) smartphones sold for use in China.
Qualcomm Technologies, Inc. Unveils New 9207-1 Modem
Oct 30 15
Qualcomm Technologies Inc. has announced its new 9207-1 modem for developing the Internet of Things, or IoT, over LTE networks. The 9207-1 modem is a purpose-built IoT focused solution designed to be flexible, scalable, and cost-optimized, with long battery life. Featuring Cat 1 support with advanced power savings capability, robust hardware and software security, global band support for LTE and support for adding Wi-Fi, including customizable options, the chipset will help organizations around the world execute on IoT applications with a single module. The 9207-1 is targeted toward smart metering, security and automation, tracking, wearables, point-of-sale transactions, and more. It is engineered to bring the benefits of LTE to IoT, for devices that require low power and reliability-for both persistently connected devices, as well as those that require infrequent communication to the network. For enterprises, manufacturers, and governments equipping devices with connectivity capabilities, this can translate to cost-savings, reduced risk, and an expansive, global scope that can run with little hassle for years to come. With many previous IoT solutions, a variety of discrete components would have to be separately purchased, and systems integrated, to ensure connected devices were functioning compatibly with the latest sensors and processors. This exposed the devices to risk: Installation and compatibility issues put resources and cost pressure on device makers and system integrators, and companies were forced to shell out more for each individual component, adding to their overall bill of materials (BoM) costs. The 9207-1 is designed to replace a long list of line items with one comprehensive, integrated chipset. This solution is designed to minimize the need for additional discrete processors, microcontrollers, and location components, which means it occupies less space and further reduces the BoM. Device makers, systems integrators and developers can also realize reduced time to launch and development cost from utilizing a single software code base across all implementations of the flexible chipset platform. And since the 9207-1 allows for a global connection to major cellular networks, enterprises don't have to rely on proprietary network solutions, which are limited and often don't interoperate smoothly across geographical boundaries. This significantly increases the availability of everything from software update pushes to tracking, keeping the technology monitors happy and their operations teams up and running. For companies that require heterogeneous network support, the 9207-1 has pre-integrated support for adding Qualcomm VIVE Wi-Fi (1x1 801.11ac) and BT 4.1 BLE. Global, national, or local, the modem is designed to be adaptable and scalable with any solution that an enterprise deems appropriate. The 9207-1 also boasts the same core LTE modem technology deployed in hundreds of millions of devices.