The San Diego, California based Qualcomm, Inc (NASDAQ:QCOM) will invest around $120 million in Sharp Corp, a cash addition possibly to make it the stressed Japanese TV manufacturer’s biggest shareholder, and to lift Sharp’s efforts to stay viable.
Sharp reported that as part of the deal Qualcomm will work with Sharp, which supplies screens to Apple Inc (NASDAQ:AAPL) for its latest iPhone, to develop new power-saving screens based on Sharp’s IGZO technology,.
Both the technology companies will also consider teaming up in the fabrication of chipsets.
Its competitors include Broadcom Corporation (NASDAQ:BRCM) that slipped -0.64% to $31.97 with the total traded volume of 1.80 million shares and Texas Instruments Incorporated (NASDAQ:TXN) that increased +0.14% to $29.65 with the total traded volume of 2.05 million shares.
Other Technology stocks with bullish trend include Alcatel Lucent SA (ADR) (NYSE:ALU) up 4.55% to $1.15, Yahoo! Inc. (NASDAQ:YHOO) up 1.94% to $18.91 and Corning Incorporated (NYSE:GLW) up 1.23% to $12.30, whereas with bearish trend include Oracle Corporation (NASDAQ:ORCL) down -0.68% to $32.09, Baidu.com, Inc. (ADR) (NASDAQ:BIDU) down -5.73% to $90.39 and Sprint Nextel Corporation (NYSE:S) down -0.17% to $5.71.
QUALCOMM, Inc. (NASDAQ:QCOM) stock in current session held volume of 2.93 million shares as compare to its average volume of 12.36 million shares. The stock after opening at $63.44 hit high price of $63.58 and then trading at $63.17 by scoring -0.33%.
As the revenue measures QCOM generated revenue of 19.12 billion in the following twelve months income of $5.33 billion. The Company showed a positive 27.63% in the net profit margin and in addition to in its operating margin which remained 29.28%. Company’s annual sales growth for the past five year was 16.60%.
The stock showed weekly upbeat performance of +1.41% which was maintained for the month at +6.09%. Likewise the positive performance for the quarter was recorded as +3.97% and for the year was +17.03% while the YTD performance remained at +17.22%.
The QCOM past twelve months price to sales ratio was 5.65 and price to cash ratio remained 8.73. As far as the returns are concern, the QCOM return on equity was recorded as 17.64% and increased 15.36% return on investment while its return on asset stayed at 13.30%.
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