Oppenheimer Cuts Price Target on Qualcomm (QCOM) Following 3Q15 Results

Go back to Oppenheimer Cuts Price Target on Qualcomm (QCOM) Following 3Q15 Results

Qualcomm Announces Third Quarter Fiscal 2015 Results

July 22, 2015 4:01 PM EDT

SAN DIEGO, July 22, 2015 /PRNewswire/ -- Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, today announced results for the third quarter of fiscal 2015 ended June 28, 2015.

"Our fiscal third quarter revenues, MSM chip shipments and EPS were within prior expectations, and we took a significant step towards our increased capital return commitments through the initiation of a $5 billion accelerated share repurchase as part of our plan to repurchase an additional $10 billion in stock by March 2016," said Steve Mollenkopf, CEO of Qualcomm Incorporated.... More

Qualcomm Announces Strategic Realignment Plan

July 22, 2015 4:01 PM EDT

SAN DIEGO, July 22, 2015 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced it has initiated a Strategic Realignment Plan designed to improve execution, enhance financial performance and drive profitable growth as the Company works to create sustainable long-term value for stockholders. The Company also announced that it has entered into an agreement with JANA Partners pursuant to which Mark McLaughlin and Tony Vinciquerra have been added to the Board of Directors and a third director to be selected by the Company and consented to by JANA will be added promptly.

The... More

CASBAA: Making Waves In The Broadcast Industry

July 21, 2015 10:54 PM EDT

HONG KONG, July 22, 2015 - (ACN Newswire) - This year's CASBAA Convention looks at the monumental sea change that is being experienced by the TV industry, and will explore how technologies, content, and services are leading the charge as the broadcast and digital landscapes become increasingly intertwined.With the theme 'Making Waves', the convention will highlight how new business models are helping companies navigate these uncharted seas and take a look at the disruptors who are churning up the waters of business as usual.One of the must-attend events on the Asia Pacific broadcast industry calendar, the annual CASBAA Convention is... More