SoylentNews is people
SoylentNews
Qualcomm Inc., the biggest maker of chips used in mobile phones, said a push into new markets such as automotive and connected devices bolstered sales in the second quarter, helping relieve concerns that growth will be hurt by legal challenges in its licensing business.
[...] Qualcomm's net income in the fiscal second quarter, which ended March 26, fell to $749 million, or 50 cents a share. Excluding certain items, profit was $1.34 a share, compared with an average estimate of $1.19. Adjusted sales gained 8 percent to $5.99 billion. Analysts had predicted revenue of $5.87 billion.
[...] The results help validate Mollenkopf's decision to acquire NXP Semiconductor Inc. for $47 billion -- the biggest purchase in the company's history, due to close later this year -- to ease Qualcomm's reliance on the smartphone market. The semiconductor maker said its licensing business, which generates the majority of profit, didn't receive full royalty payments associated with phones sold by Apple Inc., which is suing Qualcomm, claiming the company abused its position to create a monopoly in chips. Qualcomm has countersued.
(Score: 2) by Snotnose on Friday April 21 2017, @02:59AM (1 child)
Found him to be a straight up stand up guy, honest with no politicking that I could detect.
That was 20 years ago, and he chaired Globalstar meetings I attended weekly.
My understanding is that under Paul Jacobs Qualcomm changed for the worse (I left in '08). Lots of people where had been there long enough to be millionaires decided they wanted to be millionaires, not worker bees. But my experience with Mellencopf was all good. Granted, I'm a code monkey and don't understand things like buying NXP. But I understand good working conditions and management that treats worker bees well.
/ consultant from 96 to '00
// employee from '04 to '08
/// stupid to move to a startup in '08, I seriously fucked up all my Qualcomm moves.
//// I could be so rich now :(
When the dust settled America realized it was saved by a porn star.
(Score: 0) by Anonymous Coward on Friday April 21 2017, @11:40PM
I too worked at qcom.
I came in after the goldrush (2001). I also knew a lot of people who rode the stock all the way up then all the way down. They are not millionaires. Then again I knew a lot who were...
My assets as a millionaire are not because of qcom but because I saved and did not waste my money on toys but on assets that make me money.