We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Technology StocksSequans, the investors board

Previous 10 Next 10 
From: frmrVZguy7/20/2019 2:54:12 PM
   of 273
What we learned from EUTC COMP/39711 Qualcomm (predation) (No Public Version available) 18.07.2019
- the penalty was LESS than the Enterprise value of Icera
- the time-to-settlement was NINE YEARS
Reflect on ^THAT^ SEQUANS shareholders.
Notice the highlighted quotes in RED are the arguments also relevant to Sequans vs UNNAMED DEFENDANT.
We began 2014 and 2018 with Statement of Objections if I read the news correctly. Thus the pace MIGHT be quicker but the UNNAMED DEFENDANT is a well-known master of delay tactics to create a Pyrrhic result.
FIRST this old report
Nvidia buys UK’s Icera for $367m | Financial Times
May 10, 2011 · Nvidia, the US chipmaker, on Monday announced a $367m cash deal to buy privately held UK rival Icera. The deal will allow Nvidia to compete better …

SECOND these reports
“Our investigation found that, during two crucial years for Icera’s development prospects,
Qualcomm offered three of its leading-edge chipsets at prices below cost to both these key customers,” Vestager said. “The prices set by Qualcomm did not allow it to cover its cost for developing and producing these chipsets.” “The evidence we have seen shows that this was done on purpose to prevent Icera from gaining a foothold in the market, at a time when Icera was Qualcomm’s main contender in the market segment of chipsets for data cards.”
Ultimately, such anticompetitive behaviour prevented Icera from gaining reputation and scale as a supplier of chipsets for data cards and from entering the larger smartphone segment. It was bought in 2011 by Nvidia, which decided to abandon the baseband chipset market a few years later. “In short, Qualcomm’s behaviour deprived consumers of a wider choice of technologies and affected Icera’s ability to develop chipsets for the next wireless technology generations,” Vestager said. “This is why we have fined Qualcomm 242 million euros; the fine reflects both the seriousness and the duration of the infringement.”... She also spoke about the amount of time and effort it took. The
Commission opened its formal investigation and sent a Statement of Objections to Qualcomm in 2015, and that was just the start of deliberations. From that point, Qualcomm was sent a supplementary Statement of Objections; two oral hearings were held; and the Commission engaged in “detailed exchanges with the company concerning additional information required for our investigation,” Vestager said. “Qualcomm has also appealed one of our information requests to the General Court and, after losing in the first instance, it appealed the Decision to the European Court of Justice.” “These procedural steps are a key part of the checks and balances that ensure the procedural fairness of our enforcement system, but they do take time. We have made progress in this mandate in expediting our anti-trust procedures, but that is a challenge that will also stay with us for the future,” Vestager
Qualcomm’s Mollenkopf on Its Anti-Trust Battle and the Rise of 5G: CEO Daily
By Alan Murray and Katherine Dunn July 18, 2019...
Yesterday, Mollenkopf was back, and discussing another challenge—a ruling that the company’s licensing practices violate antitrust laws. Again, he was confident. And adding to his confidence was a Department of Justice filing this week that sided with Qualcomm and cited the need to protect the company’s business model for national security reasons. (Qualcomm is critical to “the race for 5G.”). “We think we will prevail,” Mollenkopf said....
After his interview, I asked Mollenkopf whether the regulatory battles were changing the way his business operates. He said the main change is that the company is spending more time documenting its licensing negotiations and practices so it can show that “we don’t do a lot of the things we are being accused of.”...

EU fines Qualcomm $272 million for modem antitrust violations Reuters July 18, 2019 8:23 AM
(Reuters) — Qualcomm, the world’s number one chipmaker, was fined 242 million euros ($272 million) by the European Commission on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust penalty. The European Commission, the EU’s competition regulator, accused Qualcomm of predatory pricing between 2009 and 2011 aimed at forcing out British phone software maker Icera, now part of Nvidia. “Qualcomm’s strategic behavior prevented competition and innovation in the market,” Competition Commissioner Margrethe Vestager said in a statement... The fine amounts to 1.27% of Qualcomm’s turnover in 2018. Qualcomm said it would appeal the decision, saying it was “unsupported by the law, economic principles or market facts.”...
Qualcomm Fined $272 Million by EU for Predatory Pricing By Aoife White
July 18, 2019, 3:45 AM MDT Updated on July 18, 2019, 5:05 AM MDT
Company sold below-cost chips to eliminate U.K. firm Icera
Second EU antitrust fine for firm after $1b fine last year
Qualcomm Inc. was fined 242 million euros ($272 million) by European Union antitrust regulators for deliberately pricing some chips so low they could eliminate a smaller rival....
The Qualcomm investigation targeted 3G chips for internet mobile dongles sold between 2009
and 2011. Regulators said these were sold below cost to Huawei Technologies Co. and ZTE Corp., "two strategically important customers," in order to push Icera, now owned by Nvidia Corp., out of the market...
Companies have complained about the slow pace of EU antitrust enforcement in fast-moving
technology markets. Icera sought to draw in the EU by filing a complaint in 2010. It was sold to Nvidia a year later in 2011. The EU opened an investigation four years after that.

“The commission’s decision is based on a novel theory of alleged below-cost pricing over a very short time period and for a very small volume of chips,” Qualcomm’s general counsel Don Rosenberg said in the statement...

Share RecommendKeepReplyMark as Last Read

From: frmrVZguy7/21/2019 1:12:47 PM
   of 273
errata: 2017 statement of Objections, not 2018

There are two apparent reports that give hope to SQNS shareholders
- EUTC attempt to streamline proceedings and total duration to conclusion.
- My offer and request at the initial filing of COMPLAINT requesting that EUTC give regards to the UNNAMED DEFENDANT's reported actions to enforce compliance internally waaay back dated 2016, with the actual internal training initiated 2015 around the time of C-Level management changes. I noted that those actions indicated remorse and reform and desire to remain in compliance to a prior order and thus we should consider them genuine and thus EUTC should consider some charges of a lesser degree than initially indicated in order to expedite the entire case.

Is EUTC and the UNNAMED DEFENDANT willing to have a 'come to Jesus' and finish this early?

Share RecommendKeepReplyMark as Last Read

From: frmrVZguy7/22/2019 5:31:43 PM
   of 273
7/19 Fiercewireless Report: CBRS Testing completed SAS vendors begin filing to FCC. ops 4-6wls
Thanks Monica.
NTIA’s ITS wraps final CBRS test reports by Monica Alleven | Jul 19, 2019 3:52pm...
“We received our final ITS report yesterday and filed it with the FCC today," Federated Wireless CEO Iyad Tarazi said in a statement provided to FierceWirelessTech. "This initiates a review process that will last approximately four to six weeks, at the end of which ICD will begin...

reader mode
NTIA’s ITS wraps final CBRS test reports by Daniel Bukszpan Jul 22, 2019 12:43pm

Bevin has two mmWave devices to discuss: a MiFi-type and an overheating smartphone.
Gawd, how do people ignore this stuff? Oh yeah, muppets. (Security, Android, privacy....sad)
Thanks Bevin.
5G networks deliver super-fast speeds, but new next-generation smartphones need to chill – WSJ by Bevin Fletcher | Jul 22, 2019 10:56am
Verizon lights up 5G in St. Paul, introduces new mobile 5G hotspot by Bevin Fletcher Jul 18, 2019 10:51am

Share RecommendKeepReplyMark as Last Read

From: frmrVZguy7/23/2019 9:57:51 PM
   of 273
After six years of MDM modems ends where does AAPL get its LTE-only modem? Inquiring minds wonder..... MDM is QCOM. XMM is INTC.

I posted some justifications to buy XMM IP assets and tech here
Message 32252755
There's gotta be more than one reason to spend a billion dollars. In a futurQualcomm Moderated Thread - please read rules before posting-20 minutes ago

  • There's gotta be more than one reason to spend a billion dollars. In a future LTE-only world mmWave isn't enough.

But the curious path AAPL is on suggests they want a Single-RAN solution to match a future world of LTE-only cellular with a built-in HUB for all the LoRAN connectivity needs of IoT and IIoT. It has seemed that XMM never acquired the low-energy IP needed for future long duration devices.

Do you recall how AAPL's Cook made a trip to Paris waaay back when President Macron was elected and then pushed an opening of IoT beyond DRC to include PRC?


Share RecommendKeepReplyMark as Last Read

From: frmrVZguy7/29/2019 1:46:35 PM
   of 273
IIoT Zero Day Recovering from a quietly conducted discovery and patch
Longer post under AMD
Was this the reason for IoT and IIoT delays?

here Message 32260128
Wind River's VxWorks Zero Day allert: Warning As 2 Billion Medical, Industrial And Enterprise IoT Devices At Risk Of Attack

Share RecommendKeepReplyMark as Last Read

From: frmrVZguy7/30/2019 5:57:22 PM
   of 273
2Q19 CC quotes: USA NB-IoT launches this Q, Our 3 biz segts doing and moving well

Well that's it in a nutshell, folks. Unless you needed another dose of GK here:
  • " We have 6 months to come into compliance."

^THIS^ gem was the response to Deb's response to Gary Mi about Share Price recovery as the final question of the CC wherein she said:

  • "We expect Share price to recover (on its own)"

From the Fin Stat this gem: 3mos 3mos
  • Accumulated deficit (289,965) (272,036)
  • Convertible debt and accrued interest 17,747 19,723
  • Total non-current liabilities 41,248 40,396
Oh, you want an encore of GK? Here:
  • I can confirm gaining iot traction
  • bbd recovery on track
Just like green cheese pizza, its warm and fuzzy.

Share RecommendKeepReplyMark as Last Read

From: frmrVZguy7/30/2019 6:07:43 PM
   of 273
Charlie Ergen of DISH cancels NB-IoT network plans leaving TAM fight to others. In USA that's T, VZ, TMUS and S.
It's helpful to reduce splintering the market into itty bitty deals.

Now the question is can SQNS make a sale when the other guy is already winning and leading the RACE to SCALE.
GK says he has the only non-PRC optimized NB-IoT so why is the other guy winning?

Dish execs confident on ability to offer disruptive wireless pricing by Bevin Fletcher | Jul 30, 2019 11:14am ... Along with its $5 billion agreement for assets, Dish also struck an MVNO deal with T-Mobile... Ergen acknowledged its NB-IoT network, which Dish started building last year and planned to spend up to $1 billion on, wasn’t one “to be proud of.” Still, it provided Dish with experience about wireless network permitting, site construction, and provisioning. Dish is halting work on the NB-IoT network, and will redeploy those resources for its 5G standalone (SA) mode network plans. “It’s a very cloud-centric approach, it embraces the mentality of virtualization from the ground up,” said Ergen of the network.

Share RecommendKeepReplyMark as Last Read

From: frmrVZguy8/1/2019 6:56:51 PM
   of 273
CC Quote: "recurring revenue from your wildest dream" Has he gone mental? Candyman can.
He has caught the Beijing Flu and gone all frothy in the head with notions of dotcom super-successes.

Cash is low. Debt is higher. Sales are lower. Forecast for sales is uncertain.
Never been closer...

Cue the Music:
  • Who can take a sunrise
    Sprinkle it in dew
    Cover it in chocolate
    and a miracle or two?
  • The candyman can cause he mixes it with love and makes the world taste good
As indicated last quarter, we believe we are very well positioned to complement various mass market device technologies with LTE for IoT connectivity via some sort of non-exclusive licensing arrangement with recurring revenue from your wildest dream. We are engaged with a few potential partners to develop this new go-to-market strategy. And on the last call, we indicated that we were close to finalizing a new deal this time. To update you on the status, some of the discussions have become more complex as we are potentially expanding the scope of this relationship...
As I noted on the last call, there is no doubt that the interesting value of our technology, our know-how, our existing relationships and our large pipeline of business is increasing all the time...
Accounts receivable at June 30, 2019, was $12.5 million, an increase from $8.3 million at the end of Q1, reflecting the increase in revenues, invoicing of NRE milestones and the timing of shipments and billing. DSOs were 113 days, up from 101 days at the end of Q1. Our inventories decreased to $6.9 million from $7.6 million at the end of March, and trade payables were about the same at $7.4 million compared to $7.5 million at the end of Q1...
So I don't want to give a projection, but we are optimistic on -- that we will be on target for the second half of this year... (ED: << There it is folks, that old Christmas chestnut. The gift that keeps giving.)
Tristan Gerra
Since the Huawei ban was enacted, have you seen any renewed interest from non-Chinese customers that previously were looking at using high silicon and any other impact that you may be seeing from those trends that are unfolding?
Georges Karam
Tristan, obviously, I mean without commenting the geopolitical, say, impact of this that could be negative and so on for everybody. But if we focus really on the positioning of Sequans, we have definitely a unique position there because we can take advantage of this, specifically in the NB-IoT area because all the NB-IoT technology has been originally driven by the Chinese and all the Asian customer focus on building NB-IoT and dropping CAT M are doing much from CAT M. On the other side, U.S., Europe, I would say, semiconductor company were building CAT M, and they did the NB-IoT just only as a version of software without major change of the cost structure. And Sequans, we took the bet to start like this, but very quickly come with then a solution, which is NB-IoT only that looks like the Chinese version, essentially to address the remaining of the market. And from this point of view, definitely, we have a highway in front of us to be almost uniquely positioned if the Asian, they don't come to this market to serve the market with NB-IoT only. Because all our competitor, the closest to us in the western world, they have solution that they are dual-mode CAT M/NB, which is we have already, as you know, but they don't have a solution, which is dedicated NB-IoT. So this is a plus for the company. But it's very hard to predict the future on this business only as this is related to geopolitics decisions that can change over time...
Unidentified Analyst
I'm sorry. Sequans' stock has been out of compliance for about 1.5 months with the NYSE. Is it more likely that it will come back into compliance by the stock price recovering? Or will you be looking at doing a reverse split?
Deborah Choate
We believe it's more likely it will come back into compliance through an increase in the stock price.
Georges Karam
And we have six months, as you know, to be in compliance.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

From: frmrVZguy8/2/2019 2:46:20 PM
   of 273
SPRINT Fin Stat yesterday "Data device net additions of 262,000"
Sprint Reports Fiscal Year 2019 First Quarter Results
Postpaid net additions of 134,000
Data device net additions of 262,000 were partially offset by phone net losses of 128,000
Average postpaid accounts were stable year-over-year

Share RecommendKeepReplyMark as Last Read

To: frmrVZguy who wrote (241)8/6/2019 1:53:55 PM
From: frmrVZguy
   of 273
Shots fired by Dept of Treasury in Banking Wars: Here's how to understand the Investing opportunity.
So, What the H3LL is going on with USA v PRC trading agreements?

All those Rastafarians and Rasputniks and Blavatsky devotees in the liberal anti-POTUS crowd will never get it reported truthfully. The TRUTH isn't found in the smoke of a blunt. And isn't that odd that that's what they were accusing the snake-handler RNC-types of? Pentecostal Mentalism?

- China is in a desperate cash-flow bind and has been reaching for Equities, and cash from PRC entities without warning or permission to satisfy basic bookkeeping in their over-leveraged Market.
- Overseas accounts received a mini-flash crash in FOREX to permit ROI at the point of a spear/sword/pistol. PRC demanded a cash injection from its overseas accounts and they did it with a small FOREX rate sweetener. Rush to cash via equities sales.

= >> POTUS isn't stupid and POTUS doesn't want to destroy the Market here nor there where we sell STUFF that come home to USofA. (Duh!)
=>> IMO this mini-flash crash in FOREX was actually a _coordinated_ _action_ between USA and PRC in a very gentlemanly and Statesman-like fashion with EU awareness following years of EU Regulatory actions BECAUSE....

=>> China has been warned that our Treasury is about to initiate a very forceful regulatory period just like Spain did with all those Chinese Nationals over there who were sending cash home to PRC without declaring nor paying taxes. Banks seized accounts without warning. PRC criminals are likely doing the same thing here and now its our turn to seize accounts and they kn ow it. PRC wants its haircut NOW.

=>> POTUS has actually acted with great tact in demonstrating to Xi that he doesn't want to destroy his economy but he is dayum shore gonna enforce the behavior expected and now demanded. I see a high level of Statesmanship.
= >> this is a way that POTUS is showing Xi that he is a Leader that can be negotiated with and will set expectations and stick to them. The alternative in the DNC camp is .... unknown. And if that person were negotiating silently behind the scenes, well that would be an act of treason and illegal Agency.
PRC may not like getting caught with their hand in the cookie jar... but they can't deny the truth when the arrests show up in court with evidence-based charges.

I am of the opinion that Xi is going to get a deal that makes both USA and PRC economies healthy if he can just accept the Western 'norms'.
Our allies in dotEU and dotIL are also going to give an ovation when that is accomplished.
I Didn't vote for POTUS 2016. I vote for POLICIES, not personalities.
I like what policies I've seen to date, style is uhhh... gulp... a little hard to swallow sometimes.
But it makes for entertaining political kabuki theater

i <3 good enforcement givem h3ll mr potus #voteyou2020 #better_than_reagan
Press Releases
Treasury Designates China as a Currency Manipulator
August 5, 2019
Washington – The Omnibus Trade and Competitiveness Act of 1988 requires the Secretary of the Treasury to analyze the exchange rate policies of other countries. Under Section 3004 of the Act, the Secretary must "consider whether countries manipulate the rate of exchange between their currency and the United States dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade.” Secretary Mnuchin, under the auspices of President Trump, has today determined that China is a Currency Manipulator.

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10