QCOM has a whopping 86% of LTE-enabled chip market for smartphones generations ahead of Intel. Using Intel's new Clovertrail chip will nullify its low power advantage as additional support chips are required.
You're right. If anyone can't see the gross manipulation done on this stock in especially the last week, they shouldn't be in the market. Look at the volume today? You think these are little traders like us? This is institutional/hedge fund manipulation, taking advantage of any fear article that comes out simply to drive the stock down via computers, so they can pick up the shares cheap. They did that mid-morning to mid-day, until the price started to rise, as their black boxes inevitably didn't get it quite right, or they had them set for a too greedy algorithm, and the thirst to buy overtook the market. QCOM is king, and will come out much higher, and it will happen at a quicker pace than many realize.