|Bid||46.08 x 3200|
|Ask||46.09 x 800|
|Day's Range||45.80 - 46.39|
|52 Week Range||37.00 - 57.60|
|PE Ratio (TTM)||16.60|
|Forward Dividend & Yield||1.20 (2.57%)|
|1y Target Est||N/A|
The ongoing dispute between Apple and Qualcomm continues as Qualcomm seeks to add new charges to a current lawsuit it's pursuing against Apple. CNBC reports that Qualcomm is now alleging that Apple stole "vast swaths" of trade secrets through their partnership and used that information to help Intel improve its chips. The company is looking to amend allegations made against Apple in a lawsuit filed last November.
Qualcomm in a court filing said Apple engineers used Qualcomm software and confidential files to help Intel engineers develop modem chips for iPhones. Qualcomm, which is seeking unspecified damages, provided no evidence supporting its charges in the filing.
has upped the ante in its lawsuit against Apple Inc. The company is now accusing Apple of stealing confidential information and trade secrets in order to aid Qualcomm rival Intel Corp. Qualcomm hopes the court will add the new allegations to its ongoing lawsuit against Apple for allegedly breaching the Master Software Agreement the two companies signed in 2010.
EU, China, Russia, Agree On Sidestepping Dollar To Continue Trading With Iran Is the United States’ power to sanction countries it doesn’t like, ebbing away? Bloomberg reports that the European Union together with China and Russia have agreed on a mechanism that bypasses US sanctions against the country, allowing them to continue doing business with […] The post Market Morning: EU Sidestepping Dollar, Navarro Defends Tariffs, Goldman Joins Instagram appeared first on Market Exclusive.
Qualcomm (QCOM.O) made the accusations in a motion to amend a complaint filed in November, when it alleged Apple (AAPL.O) had broken a software licence contract by sharing confidential details about Qualcomm's chips with Intel (INTC.O) engineers.
Qualcomm made the accusations in a motion to amend a complaint filed in November, when it alleged Apple had broken a software license contract by sharing confidential details about Qualcomm's chips with Intel engineers.
What influenced Baidu’s profit margins in the first half of the year? Baidu’s (BIDU) revenue grew 24% to 46.9 billion yuan in the first half of 2018. Baidu’s cost of revenue rose 11% to 21.9 billion yuan in the first half of 2018.
The production of TSMC (TSM), Apple’s (AAPL) sole foundry, was affected for four days due to a computer virus outbreak. This could probably be one of the reasons for a one-month delay in the launch of iPhone XR. DigiTimes, citing Apple supply chain sources, stated that shipments of new iPhones are expected to hit 70 million to 75 million units by the end of 2018, its highest since the iPhone 6 launch in 2014.
Qualcomm Inc. has accused Apple Inc. of stealing trade secrets and giving them to rival Intel Corp. in a legal filing. The filing alleges that Apple stole trade secrets "for the purpose of improving lower-quality modem chipsets, including those manufactured by Intel, a competitor of Qualcomm, to render such chipsets useable in Apple devices with the ultimate goal of diverting Qualcomm's Apple-based business." The filing is the latest move in a long-running legal dispute between the two companies. Qualcomm confirmed the latest filing in an email to MarketWatch and cited a comment made by general counsel Don Rosenberg to CNBC. "Unlawful use of Qualcomm's valuable trade secrets to try to help a competitor catch up irreparably harms us and must not be allowed to continue," Rosenberg said. Apple pointed to the company's comment from June 2017: "Qualcomm's illegal business practices are harming Apple and the entire industry. They supply us with a single connectivity component, but for years have been demanding a percentage of the total cost of our products - effectively taxing Apple's innovation." Qualcomm shares are down 0.5% in Tuesday morning trading, while Apple shares are up 0.1% and the S&P 500 is little changed.
Shares of Intel Corp. are down 1.1% in premarket trading Tuesday after Raymond James analyst Chris Caso downgraded the stock to underperform from market perform due to "a number of headwinds mounting against the company, set to impact longer-term growth expectations and profitability." He said that his meetings show more optimism for Intel competitors than in past years. "Intel's well documented CPU shortage persists through the September quarter," Caso wrote. "Some PC OEMs have shifted volume to Advanced Micro Devices Inc. as a result." He is more downbeat on the semiconductor sector in general, and he downgraded shares of Analog Devices Inc. , Microchip Technology Inc. , and ON Semiconductor Corp. to market perform from outperform on Tuesday as well. Intel shares are up 26% over the past 12 months, while the Dow Jones Industrial Average has gained 19%.
Qualcomm Inc. added yet another layer to its ongoing legal battle with Apple Inc. by accusing the iPhone maker of stealing software and tools to help improve chips from rival Intel Corp. The San Diego-based chipmaker is asking a judge to add consideration of the latest accusations to a case between the two in state court in California, according to filings obtained by Bloomberg that weren’t immediately available online. Qualcomm’s assertions are the latest wrinkle in more than 70 suits and counter suits between the two spanning the globe.
Raymond James lowers its rating to underperform from market perform for Intel shares. Citing its delays in moving to its next generation chip process technology, analyst Chris Caso says manufacturing technology issues will haunt the chipmaker for a long time. Intel's INTC manufacturing technology issues will haunt the chipmaker for a long time, according to Raymond James.
Qualcomm hopes the court will amend its allegations in an existing lawsuit against Apple for breaching the so called master software agreement that Apple signed when it became a customer of Qualcomm's earlier this decade. The filing is the latest salvo in that dispute, designed to put pressure on Apple to settle. Qualcomm is alleging the source code and tools were stolen for the express purpose of helping Intel overcome engineering flaws in its chips that led to their poor performance in iPhones.
CNBC's 'Squawk on the Street' team discusses Qualcomm filing charges against Apple claiming that they were stealing and delivering code to Intel. These are separate charges from the filing last November.