|Bid||112.44 x 400|
|Ask||113.25 x 100|
|Day's Range||112.83 - 113.05|
|52 Week Range||81.50 - 113.39|
|PE Ratio (TTM)||20.05|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Jim Cramer rattled off his take on callers' favorite stocks, including one software play.
Any way you slice it, risks still abound for Qualcomm, Inc. (NASDAQ:QCOM). Off the price chart, there are still lots of risks surrounding Qualcomm’s business opportunities. There’s also the much-ballyhooed twin threats from tech giant Apple Inc. (NASDAQ:AAPL).
QCOM shares are down because the storm I described back then has grown to hurricane strength. That storm is its dispute with Apple Inc. (NASDAQ:AAPL) over royalty rights, which a judge has now denied Qualcomm’s motions for preliminary injunctions. The patents are called essential to standards and, under U.S. law, Qualcomm is required to offer them on “fair, reasonable and non-discriminatory” (FRAND) terms. Worse, hedge fund titan Paul Singer’s Elliott Management Corporation is backing a move to renegotiate QCOM’s pending merger with NXP Semiconductor NV (NASDAQ:NXPI) seeking a higher price. The move is essential to Qualcomm’s diversification efforts.