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To: engineer who wrote (122657)	11/3/2014 4:13:35 PM
From: Jon Koplik	1 Recommendation of 189813

Wed. Nov. 5th Qualcomm earnings release and conf. call ........................... Qualcomm Fourth Quarter and Fiscal 2014 Earnings Release * The fourth quarter and fiscal 2014 earnings release will be issued on Wednesday, November 5, 2014 at approximately 4:00 PM (New York time.) Qualcomm Conference Call * Wednesday, November 5, 2014 from 4:45 PM to 5:45 PM (New York time.) * To participate in the call, dial (866) 566-8589. International callers dial (706) 634-8091 * Please dial in ten minutes prior to the start time and use reservation number 20823606 * Live webcast available at qualcomm.com Rebroadcast of Conference Call * To hear the rebroadcast U.S. callers may dial (855) 859-2056 and international callers may dial (404) 537-3406. The rebroadcast will be available from November 5, 2014 beginning at approximately 8:45 PM through December 5, 2014 * Please use reservation number 20823606 * A replay of the webcast will also be made available at qualcomm.com shortly after the conclusion of the conference call. Source : Qualcomm Incorporated ------------------------- . . . .

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From: Bill Wolf	11/4/2014 7:43:02 AM
	1 Recommendation of 189813

Qualcomm FYQ4 On Tap: Bulls See Strength in iPhone, China Risk Priced In By Tiernan Ray Wireless chip titan Qualcomm ( QCOM) reports fiscal Q4 results after the bell this Wednesday, November 5th, the first quarter since the company on July 23rd beat Q3 expectations and raised its year outlook, but also disclosed it is struggling with some vendors in China who are refusing to pay for its technology. This is also the first report since Apple’s ( AAPL) iPhone 6 was introduced last month, using Qualcomm parts, and the first report since a Samsung Electronics ( 005930KS) reported a decline in its Q3 mobile fortunes. Samsung is, like Apple, a major customer of Qualcomm’s. The company continues to be under investigation by the Chinese government regarding its licensing business, which charges royalties for phones shipped that use technology for which Qualcomm holds patents. The Street is modeling $7.04 billion in revenue and $1.32 in EPS. The outlook for the current quarter is pegged at $7.39 billion and $1.43. Diving headfirst into the China issue, CLSA’s Srini Pajjuri reiterates an Outperform rating on Qualcomm stock, and a $90 price target, writing that he has “limited visibility” into China’s investigation, but that “even if we assume that China royalty revenue goes to zero, the stock is trading at 17x, suggesting that a near worst case scenario is priced in.” Probably, the most prominent China OEMs have no problem with Qualcomm, he speculates: “we believe most top tier original equipment manufacturers (OEMs) in China such as Huawei, Lenovo, Xiaomi, Coolpad, and ZTE are complying.” Qualcomm, he opines, is unlikely to agree to strip away royalty demands altogether. Rather, “We believe some combination of a lower rate, certain exclusions, and a fine is more likely.” Probably, about $1 in EPS is at risk from those refusing in China to pay royalties, estimates Pajjuri: We estimate the total made-in-China smartphone units to be about 640m in 2014. Excluding TD-SCDMA/2G, we believe Qualcomm’s addressable market is about 455m. Management’s CY14 device outlook assumes that the company won’t collect from about 215m devices. At around $8/device, we estimate that royalties from the remaining ~240m devices account for ~25% of QTL’s earnings or about $0.80-0.85 in EPS. For CY15, we believe $1.00 is a reasonable estimate, excluding which the stock is at 17x or 14.5x EV/FCF. Pajjuri concludes while China is important, there are plenty of other growth areas for Qualcomm, and he doesn’t see a meaningful risk of spill-over into India, for example: The primary spillover effect is in markets where Chinese manufacturers export to. In particular, Indian brands such as Micromax, Karbonn, and Lava primarily source from Chinese design houses such as Longcheer, Huaqin, and Tianno. We believe design houses are responsible for paying the royalties as Indian brands do not currently have a CDMA license. Of the 7 design houses we track in China, 2 of them do not appear to have a license. We also suspect underreporting is prevalent here as it’s difficult to track exact shipments. Pajjuri is modeling $6.946 billion in revenue in Q4, and $1.28 in EPS. For the current quarter, he sees $7.492 billion and $1.50 per share. Elsewhere, Cowen & Co.’s Timothy Arcuri reiterates an Outperform rating, and an $85 price target, writing that the stock “remains in a holding pattern pending NDRC investigation, and CQ4 Samsung inventory clear-out represents some near-term headwind for QCT,” but he still sees “risk- reward skewed to upside and see F2015 guide as likely good enough (despite the various QTL China challenges) given waning QCT concentration risk, solid double- digit TAM growth and a still-weak competitive landscape.” Arcuri is modeling $7.01 billion and $1.35, based on shipments of 235 million chipsets, which is just above the low end of the 230 million to 245 million forecast the company offered. But, he writes, “we see potential for upside to both QCT units and margins given low bar to hit F2014 margin guidance (>20% exiting the year) and further LTE share gains in the quarter.” For this quarter, revenue may come in at only $7.32 billion, given chipset sales into Apple for the chipset division will be offset by inventory clearance of Samsung devices. The licensing division may actually see a bright spot in that “we note December will be the first Q where QTL’s TAM guidance reflects the “potential” of China 4G, given China Mobile’s 4G LTE connection growth outpaced 3G TD-SCDMA.” Also today, Ehud Gelblum with Citigroup reiterates a Buy rating, and an $88 price target, projecting $7.05 billion in revenue and EPS of $1.33, up from his prior estimate of $1.30, helped by “strong 4G uptake at China Mobile in CQ3, along with strong CQ3 growth at Apple.” Those positive trends caused Gelblum to raise his device shipment estimate above Qualcomm’s forecast, to 250 million. Gelblum cut his estimate for pricing for Qualcomm, but he’s not changing any assumptions about licensing amidst the China stubble: Our chip ASP falls to $19.2 from $19.6 to reflect the mix shift of lower ASP chips into CM. Our revised est’s also reflect an increase in our China Mobile LTE shipment forecast back to 80M for 2014 vs the 60M we had modeled after weak 4G LTE sub adds at CM in Q2. In Q3, CM 4G subs grew to 41M, an inflection point that we expect to benefit Qualcomm on the chipset side. Our QTL ests are untouched given the current underreporting issues in China. Correction: A prior version of this post listed the wrong date for Qualcomm earnings. The report comes out Wednesday, after the close. My apologies for any confusion caused by the error. Copyright 2014 Dow Jones & Company,

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From: qbull	11/4/2014 9:53:49 AM
	of 189813

QCOM Qualcomm: Updating model with slightly lower 3G/4G ASP assumptions; long-term thesis intact; Buy -- Canccord Genuity (77.47 -0.77) Canccord Genuity's global smartphone surveys and recent earnings reports from leading handset/smartphone OEMs indicated global smartphone sales sequentially increased 8.5% during Q3/14. However, weaker sales of high-end Android smartphones due in part to consumers waiting for the upcoming iPhone 6 products adversely impacted Sept qtr 3G/4G device ASPs. Firm dowered Dec qtr and slightly lowered F2015/F2016 3G/4G QTL device ASP ests ahead of earnings. Firm believes co's QCT business remains well-positioned for strong growth trends due to ramping iPhone sales in the near term along with growing LTE device sales in China over the next several years. QCOM is set to report tomorrow Nov 5 after the close Read more: briefing.com

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From: Jim Mullens	11/4/2014 10:17:17 AM
	3 Recommendations of 189813

Optimizing LTE Advanced for machine-type communications to connect the Internet of Everything LTE MTC significantly increases battery life, reduces device complexity, and enhances coverage for low data rate machine-type communications. Download the LTE MTC presentation qualcomm.com >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Qualcomm® Gobi™ 3G and 4G M2M solutions Proven global solutions supporting multiple carriers with multimode capability Qualcomm Snapdragon and Qualcomm Gobi are products of Qualcomm Technologies, Inc. 1 As of September 2014 More than 175 3G/4G and Wi-Fi / HPGP modules and solutions from leading OEMs1 A partial list of cellular modules from various vendors is available at: www.m2msearch.com

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To: qbull who wrote (122663)	11/4/2014 11:01:20 AM
From: JeffreyHF	2 Recommendations of 189813

Canccord may be right, or they may be wrong, but when models are "adjusted" hours before the company reports and guides, it smacks of low hanging fruit on the trading tree. Feels like manipulation.

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To: JeffreyHF who wrote (122665)	11/4/2014 11:40:49 AM
From: Jeff Vayda	of 189813

Standard try to flush out the weak hands prior to earnings. Although the volume is pretty heavy so at least it is not a string of 100 shares lots like we see post earnings in after hours. Just short term noise, nothing has altered the long term thesis or management so Im ahold'n.

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To: JeffreyHF who wrote (122665)	11/4/2014 12:19:01 PM
From: peterk	1 Recommendation of 189813

Jeff-you are probably right in your assessment, however QCOM faced a perfect storm this morning. Luke warm reports as you indicated, Nokia and Sprint getting hammered and the Q's stock being "manipulated below the 200 day MAV.

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From: Jim Mullens	11/4/2014 2:04:38 PM
	9 Recommendations of 189813

Bye-Bye Wires- Qualcomm’s 11ad WiGig Platform Will Revolutionize In-Room Connectivity The Online Reporter Research, Trends and Insight into the Digital Media, Consumer Electronics & Broadband Industries Bye-Bye Wires: Qualcomm’s 11ad WiGig Platform Will Revolutionize In-Room Connectivity Tuesday, November 4th, 2014 • Related • Filed Under Filed Under: Home Networking • OTT • UHD 4K - Mobile & Stationary Devices Can Be Placed Anywhere in the Room… – …And Connected to the TV by Pressing a Button Imagine not having all the connecting wires behind the stack of entertainment devices under the TV set. In a new world that’ll start arriving next year, consumers will be able to place their mobile and stationary devices anywhere in a room that has a TV and stream flicker-free videos wirelessly. No wires will be needed between devices. Installations of equipment will be much easier and there’ll be fewer hairballs. A new and different but very high-speed Wi-Fi technology is coming, called 11ad or WiGig. It’s capable of speeds up to 7 Gbps — yes, Gigabits, not Megabits. WiGig is an in-room network technology, as opposed to a whole home technology such as the 11ac, 11n and prior versions of Wi-Fi. Over time it’ll replace the wires that connect the TV set to devices such as the pay TV companies’ STB, the Blu-ray player, gaming consoles and streaming media devices. 11ad will radically simplify the way consumers connect their entertainment devices to the TV set and even allow smartphone and tablets to stream data-rich UHD videos to a UHD TV or HD videos to an HD TV. Both sending and receiving devices will need the 11ad technology but in many cases that could come in the form of an 11ad dongle that plugs into the TV and serves as the receiver. *Dell’s 11ad/Wi-Gig Docking Stations* How close is 11ad to being available? Qualcomm Atheros (QCA) has the jump on other chip makers. It is already shipping 11ad chips and Dell already has put its 11ad chips in a laptop — the Dell Latitude 6430u laptop, which is available now along with an 11ad docking station for the desktop or server. QCA has been demonstrating prototypes of smartphones and Android tablets that’ll have 11ad integrated in Qualcomm’s Snapdragon 810 processors. Two weeks ago in New York it showed 11ad models of the Sony Xperia Z3, the new Moto X, Samsung Galaxy Note 4, LG G3, OnePlus One and several other smartphones. Two tablets were wirelessly connected to each other and one tablet was receiving a 4K stream that was stored on the other tablet. In addition to streaming 4K and HD videos, 11ad can also be used for peer-to-peer content sharing, networking, wireless docking and backing up entire media libraries in seconds. QCA expects 11ad capable smartphone and tablets to be available in 2015, according to Tal Tamir, Qualcomm’s VP of product management for the mobile, computing and location business unit. He said 11ad is a completed IEEE standard and the Wi-Fi Alliance conducts certifications. Tamir said that 11ad will also be used as part of the Internet-of-Things because homes will eventually have 20 or more sensors, some of which need quick Internet access and others that will need lots of bandwidth such as medical monitoring. The Wi-Fi Alliance confirmed that 11ad devices will become available in 2016 and says they will be capable of delivering “multi-gigabit speeds, low latency, and security-protected connectivity between nearby devices.” It lists as applications: cable replacement for I/O and display extensions, wireless docking between devices like laptops and tablets, instant sync and backup and simultaneous streaming of multiple, ultra-high definition and 4K videos. Dell said its Wireless D5000 is the world’s first commercially available 11ad dock. In addition to 11ad, it also supports multiple screens, USB 3.0 and has an audio output. The Dell laptop connects to the PC via the D5000 dock by the user pressing a pairing button and then hitting connect in Dell’s Connection Manager software. Samsung is a large producer of devices that will need 11ad chips: TVs, mobile phones, tablets, Blu-ray players and the like. It has said it intends to produce 11ad chips. Qualcomm’s very public displays of devices with 11ad chips and the fact that it is shipping 11ad chips seems to have Samsung so concerned that it recently preannounced its 11ad chips and did so in a manner that lead some people to think it’s a proprietary Samsung technology, which it isn’t. The Wilocity Connection Qualcomm accelerated its entry into the 11ad chip market by acquiring Wilocity, which had been the early leader in the development of 60 GHz wireless chipsets based on the IEEE 802.11ad standard, also known as WiGig. Qualcomm has gone beyond 11ad by incorporating its 11ac and 11ad technology into what it calls a tri-band (triple band) platform that’s capable of concurrently supporting Wi-Fi’s three bands: 60 GHz for 11ad, 5 GHz for 11ac and 2.4 GHz for 11n. In combination, it said, 11ad and 11ac “create the most powerful and efficient wireless solution in the market; coupling the whole home coverage of 11ac with the in-area multi-gigabit connectivity of 11ad.” Its initial tri-band platform is a reference design based on the Qualcomm’s Snapdragon 810 processor, which it says is “the world’s first mobile platform designed to support WiGig to enable applications such as 4k video streaming.” Qualcomm said that by integrating 11ad into its mobile platforms, mobile devices will have near-instantaneous access to the cloud and allow for greater offloads from the cellular network to Wi-Fi networks. That’ll be useful if and when the industry moves to a “Wi-Fi First” protocol in which mobile devices first look for available Wi-Fi networks before connecting to a cellular network. It is a strategy that the cablecos seem to be pursuing with their growing network of hotspots and homespots that their subscribers can access for free. At the time that Qualcomm announced it had acquired Wilocity, the then president of Qualcomm Atheros Amir Faintuch said, “WiGig will … http://www.onlinereporter.com/2014/11/04/bye-bye-wires-qualcomms-11ad-wigig-platform-will-revolutionize-in-room-connectivity/

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To: Jim Mullens who wrote (122668)	11/4/2014 2:11:40 PM
From: engineer	1 Recommendation of 189813

I don't know.... we used to have this UWB stuff which was down around 3-6GHz that everyone was touting as the ultimate room connectivity thing. Lots of UWB startups in 2004 or so. But in having seen real demos, it was affected by such things as a human body walking by and a fish tank anywhere near it. Could not go through walls very well and if you had concrete, forget it. So if 3-6GHz had a propagation problem in home, then what will 60G really do? Are they going to pump up the power output so high that it can blast through walls? Then perhaps you don't want to sit next to a 40-45 dB EIRP 40-60W source at 60 GHz blasting away at the side of you head..... Something doesn't add up for link budgets and stuff. will have to study the specs and see.

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From: Jim Mullens	11/5/2014 10:00:41 AM
	18 Recommendations of 189813

This is Qualcomm’s world and we’re all just living in it ……………..................... snips>>>>>>> + Qualcomm is the mobile industry’s equivalent of a god: omnipotent and omnipresent, yet invisible to the naked eye + We think of Google and Apple as the primary drivers of mobile innovation, but Qualcomm is just as instrumental in setting the pace of change. + It’s impossible to find a smartphone manufacturer that doesn’t speak of Qualcomm in glowing terms. HTC calls its chip supplier an "extremely important partner," while LG echoes Motorola’s language in……. These days, it’s a matter of picking between the various strata of Snapdragon models rather than the various processor vendors. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> http://www.theverge.com/2014/11/5/7159559/qualcomms-world This is Qualcomm’s world and we’re all just living in it Guess who puts the turbo in the Droid Turbo’s name By Vlad Savov on November 5, 2014 08:08 am Email @vladsavov Qualcomm is the mobile industry’s equivalent of a god: omnipotent and omnipresent, yet invisible to the naked eye. The company that was founded on the premise of building "Quality Communications" can now be found inside every major smartphone in the US. Even the fiercely independent Apple, which designs its own mobile processors, has no choice but to use Qualcomm’s LTE modems. The same is true of Samsung, whose Exynos chip is replaced by a Qualcomm Snapdragon for the US and other markets. But Qualcomm’s influence spreads much wider and deeper still. A week ago, Verizon introduced the Motorola Droid Turbo as its flagship phone for the holidays. Stacked to the gills with the highest of specs, this new Android phone derives its name from Moto’s Turbo Charger, which turns a 15-minute charge into as much as eight hours of battery life. The same accessory is bundled with the Nexus 6, another Moto product, and HTC has a competing Rapid Charger. Samsung touts a "0 to 50 in 30" tagline for the Galaxy Note 4’s ability to recharge half its power in half an hour, and Oppo’s R5 — the world’s thinnest smartphone — dubs the same technology with the name of VOOC. All that branding and marketing is just putting different stickers on the same thing: Qualcomm’s Quick Charge 2.0. The other "turbo" aspect of the Droid Turbo’s spec sheet is the 2.7GHz Snapdragon 805 system-on-chip that powers it. Like every other non-iPhone flagship device released in the last two years, it uses Qualcomm’s latest processor. The LG G2 and G3, the Sony Xperia Z1, Z2, and Z3, the Nexus 5 and 6, the HTC One of both 2013 and 2014, and every Samsung Galaxy variant to reach the United States are all built around a multi-core Qualcomm heart. Outside the Android realm, Windows Phone is exclusively reliant on Snapdragon processors, to the point where Microsoft directs potential phone manufacturers to the Qualcomm Reference Design as a guide on how to build their handsets. Snapdragon is also the default choice for BlackBerry, whose latest Passport device uses a 2.2GHz Snapdragon 801. We think of Google and Apple as the primary drivers of mobile innovation, but Qualcomm is just as instrumental in setting the pace of change. HTC's Sensor Hub that enables Motion Launch gestures and the Dot View case for the One smartphone wouldn’t be possible without the Snapdragon sensor engine. The current benchmark for smartphone battery life is set by Sony’s Xperia Z3 and Z3 Compact handsets, both running a Snapdragon 801. Calum MacDougall, Sony’s Head of Xperia Marketing, admits that "principally it is the processor" that's responsible for this improved power efficiency and endurance. Motorola managed to update the Moto X to Android 4.4 ahead of some Nexus devices last year, and Qualcomm was once again credited with contributing to that alacrity. In an interview with The Verge this summer, Moto’s software chief (and former Android engineer) Steve Horowitz explained that "great partnerships" like that with the Snapdragon processor maker are the secret to Motorola’s rapid software upgrades. "At one time there were other players in this space, but Qualcomm’s innovation is what put them at the top of the industry." It’s impossible to find a smartphone manufacturer that doesn’t speak of Qualcomm in glowing terms. HTC calls its chip supplier an "extremely important partner," while LG echoes Motorola’s language in saying that it has "a great partnership with Qualcomm and both companies respect one another tremendously." LG goes on to add that "at one time there were other players in this space, but Qualcomm’s innovation is what put them at the top of the industry." The central innovation responsible for Qualcomm’s present dominance are those LTE modems that even Apple can’t get away from. The Snapdragon system-on-chip integrates the modem and applications processor into a single chip and is thus dramatically more efficient — both in terms of space and power requirements — than the competition and makes the processor choice for most phone makers a foregone conclusion. These days, it’s a matter of picking between the various strata of Snapdragon models rather than the various processor vendors. Nvidia continues to fight on with its Tegra series of chips, and the new K1 inside the Nexus 9 and the Shield Tablet is an undeniable performance beast, but the company has essentially withdrawn from the smartphone market. The Tegra 3 on 2012’s HTC One X was the last sincere effort to push Qualcomm’s Snapdragon off its perch as the premier mobile processor, though even then it was obvious how important that integrated LTE connectivity would be as the phone was released with a Qualcomm chip in the US. In 30 years of operation, Qualcomm has spent more than $30 billion on R&D To reach the top of the mobile world, Qualcomm has done an awful lot right and very little wrong. It picked the right side in the WiMAX vs. LTE war for the next generation of mobile internet technology, and it has integrated new features into its silicon that have been helpful to its partners and beneficial to end users. For a company now occupying a godlike position of preeminence, Qualcomm’s ascent has been prosaically gradual and simple. There’ll never be a shortage of competition in the white-hot mobile market, but mobile innovation today — whether manifested in the Droid Turbo, HTC Sensor Hub, or Lumia Refocus — is built atop a foundation of Qualcomm chips. >>>>>>>>>>>>>>>>>>>>> About Vlad Savov I'm a Bulgarian who moved to London at the age of 12. My passions include watertight grammatical structures, rigorous research, and awesome photography. The greatest single piece of technology I've yet come across is the 2010 MacBook Air. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Savov’s article seems to be getting a lot of attention>>>>>>>> About 14,400 results (0.31 seconds) Search Results 1. 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