qualcomm inc (QCOM) Key Developments
NVIDIA Files Complaints Against Samsung and Qualcomm for Infringing GPU Patents
Sep 4 14
NVIDIA announced that it has filed complaints against Samsung and Qualcomm at the International Trade Commission and in the U.S. District Court in Delaware, alleging that the companies are both infringing NVIDIA GPU patents covering technology including programmable shading, unified shaders and multithreaded parallel processing. The identified Samsung products include the Galaxy Note Edge, Galaxy Note 4, Galaxy S5, Galaxy Note 3 and Galaxy S4 mobile phones; and the Galaxy Tab S, Galaxy Note Pro and Galaxy Tab 2 computer tablets. Most of these devices incorporate Qualcomm mobile processors - including the Snapdragon S4, 400, 600, 800, 801 and 805. Others are powered by Samsung Exynos mobile chips, which incorporate ARM's Mali and Imagination Technologies PowerVR GPU cores.
QUALCOMM Incorporated Appoints John Murphy as Senior Vice President and Chief Accounting Officer, Effective September 2, 2014
Aug 28 14
On August 28, 2014, QUALCOMM Incorporated announced that it appointed John Murphy to serve as its Senior Vice President and Chief Accounting Officer (Principal Accounting Officer), commencing on September 2, 2014. George S. Davis, the Company's Executive Vice President and Chief Financial Officer, also served as the Company's Principal Accounting Officer prior to this appointment. Mr. Murphy, age 46, has served as Senior Vice President, Controller and Chief Accounting Officer of DIRECTV Inc. since November 2007, and Vice President and General Auditor of DIRECTV Inc. from October 2004 to November 2007. Previously, he served in various finance and accounting positions at several companies including Experian Group Ltd., JDS Uniphase Corporation, Nestle USA Inc. and Atlantic Richfield Corporation. There was not and is not any arrangement or understanding between Mr. Murphy and any other person pursuant to which Mr. Murphy was selected to this position.
ParkerVision, Inc. Names Samsung Electronics Co. Ltd., Samsung Electronics America, Inc. and Samsung Telecommunications America, LLC as Additional Defendant in Patent Infringement Suit
Aug 22 14
ParkerVision, Inc. announced that it has amended its patent infringement complaint filed on May 1, 2014 against Qualcomm Incorporated, Qualcomm Atheros, Inc., HTC Corporation and HTC America, Inc. The amended complaint, filed in the United States District Court for the Middle District of Florida, names Samsung Electronics Co. Ltd., Samsung Electronics America, Inc. and Samsung Telecommunications America, LLC as additional defendants and furthermore adds four patents to the seven patents in the original complaint. The four additional patents relate to frequency translations and methods and systems for down-converting an electromagnetic signal. The original seven patents in this case relate to radio frequency up-conversion of electromagnetic signals, systems for control of multi-mode, multi-band communications, baseband innovations including control and system calibration, and wireless protocol conversion. ParkerVision is seeking unspecified monetary damages from the defendants as well as a permanent injunction. ParkerVision is also seeking a finding of willful infringement against Qualcomm based on its alleged prior knowledge of certain of the patents in this case.
QUALCOMM Incorporated Presents at Oppenheimer 17th Annual Technology, Internet & Communications Conference, Aug-13-2014 02:35 PM
Jul 28 14
QUALCOMM Incorporated Presents at Oppenheimer 17th Annual Technology, Internet & Communications Conference, Aug-13-2014 02:35 PM. Venue: Four Seasons Hotel, 200 Boylston Street, Boston, MA 02116, United States. Speakers: George S. Davis, Chief Financial Officer, Principal Accounting Officer and Executive Vice President.
QUALCOMM Incorporated Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 29, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014 and Full Year 2014; Reports Impairment Charges for the Third Quarter of 2014
Jul 23 14
QUALCOMM Incorporated reported unaudited consolidated earnings results for the third quarter and nine months ended June 29, 2014. For the quarter, the company reported total revenues of $6,806 million compared to $6,243 million a year ago. Operating income was $2,075 million compared to $1,677 million a year ago. Income from continuing operations before income taxes was $2,497 million compared to $1,910 million a year ago. Net income attributable to the company was $2,238 million or $1.31 diluted per share compared to $1,580 million or $0.90 diluted per share a year ago. Net cash provided by operating activities was $2,673 million compared to $2,077 million a year ago. Capital expenditures were $158 million compared to $314 million a year ago.
For the nine months period, the company reported total revenues of $19,795 million compared to $18,385 million a year ago. Operating income was $5,558 million compared to $5,642 million a year ago. Income from continuing operations before income taxes was $6,526 million compared to $6,372 million a year ago. Net income attributable to the company was $6,073 million or $3.28 diluted per share compared to $5,352 million or $3.04 diluted per share a year ago. Net cash provided by operating activities was $7,268 million compared to $6,268 million a year ago. Capital expenditures were $955 million compared to $808 million a year ago.
The company provided earnings guidance for the fourth quarter of 2014 and full year 2014. For the fourth quarter of 2014, the company expects revenues of $6.5 billion to $7.4 billion, non-GAAP diluted earnings per share of $1.20 to $1.35 and diluted EPS attributable to the company of $0.00, GAAP diluted EPS of $1.03 to $1.18.
For the full year 2014, the company expects revenues of $26.3 billion to $27.2 billion, non-GAAP diluted earnings per share of $5.21 to $5.36, diluted EPS attributable to the company of $0.01, GAAP diluted EPS of $4.57 to $4.72.
The company reported long-lived asset and goodwill impairment charges of $164 million for the third quarter of 2014 compared to $163 million a year ago.