“Qualcomm will not be able to take its royalty model further, that’s absolutely clear,” said Dresdner Bank AG analyst Per Lindberg in London, who rates the shares “sell” and expects them to fall as much as 40 percent to $25. From Bloomberg, no less.
As Qualcomm begins its fight with Nokia (NOK) over license fees. there not many people on Wall St. who think it will work out well for the US company. Nokia is asking the ITC to look at how much Qualcomm IP is actually in next-generation cellphones. If it is not as big a chunk as it was a couple of years ago the authorities are likely to insist that the QCOM piece of the pie go down.
U.S. International Trade Commission Judge Paul Luckern will decide Nov. 13 whether three Qualcomm patents are valid and apply to Nokia’s phones. Broadcom (BRCM) has already taken QCOM in front of the ITC with substantial success.
Qualcomm’s next visit to the judge is not likely to go well, either.
Douglas A. McIntyre
Are You Still Paying With a Debit Card?
The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.
Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!
Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!
Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.