I have been waiting 4 months for a pull back so I can open a position with QCOM. Yesterday was more than I needed. Lawsuit is mildly worrisome
Qualcomm earnings: $1.19 per share, vs. expected EPS of $1.18 http://www.cnbc.com/2017/01/25/qualcomm-reports-fiscal-first-quarter-q1-earnings.html Luckily I sold my JAN 27 60 calls for 0.38 this afternoon, but still holding FEB 17 60 calls.
Many people want to get a 52-week lowest price, but now is not the beginning of 2016. The tech stock is not a biotech stock. When STX was at $19 and WDC was at $35, many people even hoped to get a lower price. I think that QCOM can be back to $65 in 2017 Q2.
QUALCOMM, Inc. Owes Over $800 Million To BlackBerry BlackBerry announces binding interim arbitration decision that awards it $814,868,350 in royalty overpayments made to Qualcomm.
Shares of Qualcomm ($QCOM) are moving notably higher in pre-market trading after the chipmaker reported fiscal second quarter results that exceeded analyst estimates.
I see $4 up after earnings beat! Could easily push toward $61.40-$62. See strong guidance and solid beat $.89 $5.3 billion.
BUY here target 60 by 4th quarter. Lawsuits will get resolved. The industry needs QCOM. The competition are parasites. BUY INNOVATOR
Ok here's what's going to happen today-Run up to 65-68 Pre market...70-72 at open...pullback to 55-60 by close. You can buy/short both.
Big difference between a deal being pulled out by the buyer and one where the seller says this is too less. This is long term bullish.
Analysts expect Qualcomm’s licensing business to show a solid growth, because of increased 3G and 4G device adoption. However, recent government investigations into the business model and the Apple lawsuit against Qualcomm’s business practices have increased the possibility of negative effects on royalty revenue. Qualcomm may be able to withstand these inquiries and maintain adequate royalty rates.
Qualcomm (QCOM) and $80 Meet Again It's happening again. After a 40%+ gain in less than 90 minutes of total trading (last hour on Tuesday and first half hour on Wednesday), shares of Qualcomm (QCOM) are once again back above $80, which is a level that it hasn't had a whole lot of success holding in the past. In the 25+ years that QCOM has been public, it has only closed above $80 (on a split-adjusted basis) 30 prior times. The first date with $80 came back in late 1999/early 2000 at the height of the tech bubble as the stock closed above $80 on just five days. From there, 14 years passed before the stock ever got back to that level again when there were 25 days in 2014 where the stock managed to close above $80. Fast forwarding another five years and here we are again as QCOM traded back above $80 earlier this morning but has since traded back down below that level. Will the third time be the charm, and can QCOM finally trade and hold above $80? It's certainly been quite a trip!
