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Feb 11, 2015
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chipmaker qualcomm has agreed to pay chinese authorities an anti-monopoly penalty of $975 million. the fine is the largest china has ever imposed. on a foreign firm. officials with the country's antitrust regulator say qualcomm abused its market dominance and broke a law on unfair pricing of products. they say qualcomm charged chinese cell phone manufacturers and others unfairly high licensing fees to use its communications technology. and they claim qualcomm made chinese manufacturers accept contracts that were disadvantageous to them. qualcomm officials say they're disappointed with the results of the antitrust investigation, but they're not contest the fine. the officials say they will adjust the business practices in china. >>> the prime ministers of japan and mongolia are taking down barriers to trade and investment. they got together in tokyo and signed an economic partnership agreement. >> translator: we would like to take this opportunity to deepen our mutually complimentary relations in the economic field. >> mongolian prime minister chimed saikhanbileg said the deal will
chipmaker qualcomm has agreed to pay chinese authorities an anti-monopoly penalty of $975 million. the fine is the largest china has ever imposed. on a foreign firm. officials with the country's antitrust regulator say qualcomm abused its market dominance and broke a law on unfair pricing of products. they say qualcomm charged chinese cell phone manufacturers and others unfairly high licensing fees to use its communications technology. and they claim qualcomm made chinese manufacturers accept...
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Feb 10, 2015
02/15
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qualcomm was the target of a 14 month investigation. in fact they were accused and now found guilty of breaching antimonopoly law. the regulators today said they were most troubled by what they saw as excessively high royalty fees. the company made a tremendous amount of money in china. they derived half of their revenues from this country and the incredibly huge smartphone market here but they make money two ways. one is that they sell the chips but they also make a will the of profits off of the royalty fees for their patents and this is what is going to change. they agreed to change the way they calibrate their royalty fees here in china and that results in chinese companies getting a better deal. there's been a lot of questions raised about this because many people have been wondering how this is going to impact other markets such as the united states and europe where he they also face plenty of antitrust issues. >> thank you so much for bringing us that story. in other news my spidey sense is tingling, a major hollywood deal must b
qualcomm was the target of a 14 month investigation. in fact they were accused and now found guilty of breaching antimonopoly law. the regulators today said they were most troubled by what they saw as excessively high royalty fees. the company made a tremendous amount of money in china. they derived half of their revenues from this country and the incredibly huge smartphone market here but they make money two ways. one is that they sell the chips but they also make a will the of profits off of...
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Feb 22, 2015
02/15
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qualcomm has $31 billion in cash. >> roughly. >> 28 billion of which is overseas. a little bit different mix but it's a significant amount offshore. >> so what would it take to bring that money back to america in terms of tax reform. i was also interested to learn that you actually did take out a credit line recently. i assume your borrowing money because interest rates are so low and even though you've got this 31 billion in cash. >> it's a strange situation. what we have is the tax incentives for a corporation is actually easier or there's an incentive to invest outside of the united states because of the way that the tax system works, so, for example, when we come up with a new plant wherever we're going to put new employees, the tax system today for a u.s.-based corporation that has significant offshore cash balances it's easier for them to do it offshore which is not good, not good for the u.s. economy or for u.s. workers and we would like to see that changed. the second piece that happens is because we have commitments to give money back to the shareholders,
qualcomm has $31 billion in cash. >> roughly. >> 28 billion of which is overseas. a little bit different mix but it's a significant amount offshore. >> so what would it take to bring that money back to america in terms of tax reform. i was also interested to learn that you actually did take out a credit line recently. i assume your borrowing money because interest rates are so low and even though you've got this 31 billion in cash. >> it's a strange situation. what we...
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Feb 9, 2015
02/15
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qualcomm boosted its revenue and profit forecasts. microsoft is planning its biggest bond sale ever. they are going to issue $10.8 billion in debt, in six parts. microsoft is one of only a handful of companies with a aaa rating. amc says "breaking bad" spinoff "better call saul" had the biggest premier cable has ever seen, helped by a lead-in of "the walking dead." spacex has postponed the launch of its falcon nine rocket for the second time. this comes after the weekend launch was scrubbed with 2.5 minutes to go. elon musk tweeted, air force tracking radar went down. launch postponed to same time tomorrow. once a rocket gets off the ground, spacex has a goal to get a deep space climate observatory into orbit, and to land the first stage rocket booster on a barge floating in the ocean something it failed to do last month. joining us now from new york live from cape canaveral, is dana whole a bloomberg news. what is the scene on the ground? dano: to be clear, i am in cobble beach, one -- cabo beach. there is not much of a scene at the
qualcomm boosted its revenue and profit forecasts. microsoft is planning its biggest bond sale ever. they are going to issue $10.8 billion in debt, in six parts. microsoft is one of only a handful of companies with a aaa rating. amc says "breaking bad" spinoff "better call saul" had the biggest premier cable has ever seen, helped by a lead-in of "the walking dead." spacex has postponed the launch of its falcon nine rocket for the second time. this comes after the...
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Feb 10, 2015
02/15
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qualcomm has been fined almost $2 million for violating anti-monopoly laws.reed to pay 170 $5 million. it ends an inquiry that lasted more than a year and threatened the company's growth in the world's biggest mobile market. george osborne has told bloomberg the danger of a miscalculation leading to a very bad outcome between greece and the eu area it is in -- is increasing. there is a meeting to find common solutions to the risks posed by a greek exit from the euro. that warning comes 85 days to go until the u.k. general election. politicians and business leaders are meeting at the british chambers of commerce annual conference in london. and is there and joined by the bcc director general. over to you. anna: thank you. i am marking them off. on the agenda here with the bcc annual conference, some of the commentary you are here for -- hearing from george osborne is the topic as is the conversation along -- about pay. good to see you this morning. pay very much on the agenda because david cameron will be speaking later on today's a that britain needs a pay ri
qualcomm has been fined almost $2 million for violating anti-monopoly laws.reed to pay 170 $5 million. it ends an inquiry that lasted more than a year and threatened the company's growth in the world's biggest mobile market. george osborne has told bloomberg the danger of a miscalculation leading to a very bad outcome between greece and the eu area it is in -- is increasing. there is a meeting to find common solutions to the risks posed by a greek exit from the euro. that warning comes 85 days...
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everybody has be sure their phones, but my qualcomm keeps going down. here's our qua qualcomm went against the world and he won. that's what america is about. that's what we want to remember. >> i agree. >> so qualcomm, i love it. i recommended people used this pullback to add more. if you look at the long-term prospects, it's fantastic. that's what you do. you buy on dips. lower your costs. charles: nxpy. apple pay. that's the brains behind it. i think it will double next couple of years. jim from south carolina. come on up, jim. >> hello, charles. also from ohio. the question i have, in 2015, what three sectors do you think is going to perform the best? charles: i like technology still. despite the scuffing i got in gopro and yelp. defense contractors. you know, i mentioned boeing. martin. i don't know what theme do with the budget cheyenne an begins. and i like building. materials. under united rentals the thing i've been pounding the table on. i absolutely love it. (?) matt: i love the home builders. i'll piggyback with you. i like technology, espec
everybody has be sure their phones, but my qualcomm keeps going down. here's our qua qualcomm went against the world and he won. that's what america is about. that's what we want to remember. >> i agree. >> so qualcomm, i love it. i recommended people used this pullback to add more. if you look at the long-term prospects, it's fantastic. that's what you do. you buy on dips. lower your costs. charles: nxpy. apple pay. that's the brains behind it. i think it will double next couple of...
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Feb 9, 2015
02/15
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china basically found that qualcomm was abusing its monopoly power.isagrees or is disappointed that china came to that conclusion but has agreed to pay just shy of $1 billion in fines because of that. they've also restructured some of their licensing terms with chinese suppliers and a key factor here they've agreed to terms that they are going to use 65% of the price of a phone to determine what licensing fees are due to qualcomm. qualcomm had been fighting for 100% of the selling price of a phone to be factored in the licensing fees that it's going to get but qualcomm agreeing basically in china to take a hit to that. qualcomm executives have been telling me for months the advantage to getting this resolved is they think they'll get a fuller count on the number of devices that are being sold in china that they're due a licensing revenue on. they think they will count more phones even though they will get less money for each phone. they have raised the low end of the guidance range by $300 million. they've also raised the low end of their nongap eps r
china basically found that qualcomm was abusing its monopoly power.isagrees or is disappointed that china came to that conclusion but has agreed to pay just shy of $1 billion in fines because of that. they've also restructured some of their licensing terms with chinese suppliers and a key factor here they've agreed to terms that they are going to use 65% of the price of a phone to determine what licensing fees are due to qualcomm. qualcomm had been fighting for 100% of the selling price of a...
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Feb 3, 2015
02/15
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. >> pete najarian, is this is new qualcomm?he sense that -- >> in a positive way? >> qualcomm was being touted as the one with the most exposure and nxps and self-driving cars. it's in the credit cards, the security of that. >> it certainly has replaced them, absolutely right now. and i think to mike's point, i'd actually be surprised that this migrates towards 70 by this put spread. just because of some of the exposure. i would think this would actually be a name that actually has some positive numbers. >> thanks for that. for more "options action," check out our live show 5:30 p.m. eastern time on fridays. let's get to some tweets today because we love getting them, and we will answer them. here's the first one. what do you guys think about pepsi? >> pepsi is a stock that's got some international headwinds. it's got some russian headwinds and there's been a lot of markdown the last couple days. i think it's a fantastic global multi-national. their snacks business is the biggest part of the growth. i think $90 is an interestin
. >> pete najarian, is this is new qualcomm?he sense that -- >> in a positive way? >> qualcomm was being touted as the one with the most exposure and nxps and self-driving cars. it's in the credit cards, the security of that. >> it certainly has replaced them, absolutely right now. and i think to mike's point, i'd actually be surprised that this migrates towards 70 by this put spread. just because of some of the exposure. i would think this would actually be a name that...
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Feb 2, 2015
02/15
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qualcomm to me, nothing that you just said manifested itself from the quarter we saw from qualcomm. obviously a big bounce today. maybe you saw the flux at $62 on 48 million shares worth of volume a couple days ago. but it faked me out. now, it has to prove itself. get back above 70 before we even start talking about it. >> plus you have samsung flooding the market with these products, too. so that's the competition. that's what micron trades off of. and both those pricing charts looks horrendous. so if you're going to take a flier out on it, don't go all in on this. because what makes up micron right now is decreasing in price, the commodititized pricing is being hit extremely hard. >> at the same time, would you -- i mean, is intel still a buy here? >> i think it is here. i think it's going to be very defensive in this environment and i think they've shown that they're a name into the different types of chip market that they were not in. the mobile space is getting very good. but this is like a gdp number. i would much rather be listening to companies tell me what they're doing. t
qualcomm to me, nothing that you just said manifested itself from the quarter we saw from qualcomm. obviously a big bounce today. maybe you saw the flux at $62 on 48 million shares worth of volume a couple days ago. but it faked me out. now, it has to prove itself. get back above 70 before we even start talking about it. >> plus you have samsung flooding the market with these products, too. so that's the competition. that's what micron trades off of. and both those pricing charts looks...
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when being asked to make a pick, i went a little contrarian because i went with qualcomm -- charles:a couple bucks today. what was the news today? >> i just think they're oversold. >> 10% hit. [laughter] >> they've got a 2.7% dividend, they've got 31 billion in cash, and i think they took a particular hit because intel is creeping up on their tails in the mobile capacity. intel is discounting everything they can to get into that market. i still think qualcomm's the biggest player in the chip space, and i'm sticking with them. >> i just want to say i really agree. it took qualcomm over a year to come back from being sued in china, which is a good lesson of what can happen if you get too big in china and threaten the administration there. i love solar winds, swi, there are a lot of stocks in technology, and technology is the place to be, but solar winds does triple shooting in the i.t. space, especially in cloud computing. the fortune 500 use solar winds, the growth is there, so the i.t. department's contacts, solar winds will say, hey, what's wrong with your infrastructure, with your
when being asked to make a pick, i went a little contrarian because i went with qualcomm -- charles:a couple bucks today. what was the news today? >> i just think they're oversold. >> 10% hit. [laughter] >> they've got a 2.7% dividend, they've got 31 billion in cash, and i think they took a particular hit because intel is creeping up on their tails in the mobile capacity. intel is discounting everything they can to get into that market. i still think qualcomm's the biggest...
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Feb 9, 2015
02/15
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. >> have we witnessed the bottom of qualcomm. >> you're absolutely right. it was the key uncertainty. when it got down there into the 60 to $50 range, that was a dividend for a company that's been on a really impressive growth tear for a while. i know the outlook is subdued because of some questions about their exposure to samsung. however when you look at the growth trend over the past several years, what's really clear is that it's riding the 4g cycle and now it's going to tap ta -- capitalize on that trend in china. >> did you factor in a settlement of this magnitude? and if you did not, would that mean you're inclined to raise that price target now that this has out of the way? >> i think you're right. we were envisioning a settlement of sorts. we had long thought that mike microsoft, like intel before with the eu it would be in that billion dollar range and that's what we got. what we got today was some uncharacteristic clarity on that royalty structure. we're going to have 3.5% royal tees for 4g alone. what the good news is thats that above their corp
. >> have we witnessed the bottom of qualcomm. >> you're absolutely right. it was the key uncertainty. when it got down there into the 60 to $50 range, that was a dividend for a company that's been on a really impressive growth tear for a while. i know the outlook is subdued because of some questions about their exposure to samsung. however when you look at the growth trend over the past several years, what's really clear is that it's riding the 4g cycle and now it's going to tap ta...
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Feb 10, 2015
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charles: qualcomm settled in china. an upgrade. north of a billion.sn't a lot of people looking at that stock as being oversold. you know, anyone worried though about, you know, the security aspect of this, i mean, to me, i mean, it's no big deal. matt: think about the security breaches of using a credit card. you have that risk already. >> but you're more safe -- how many times have you lost your wallet. a couple hundred dollars in there. people have stolen purses because they thought there was a lot of cash in there around the holiday. charles: i lost a wallet 12 years ago. that was the last time i carried one. when you invest, are you looking for the quick pop or do you want to invest in a good company? huge difference. i got a great tweet on this. something i want to share with everyone because there's a major difference. a lot of people want a quick pop, and they tell me they're investors. not always the same thing, guys. ♪ ♪ charles: all right, guys. time now to answer your questions on the market. curious about an industry, individual stock, or
charles: qualcomm settled in china. an upgrade. north of a billion.sn't a lot of people looking at that stock as being oversold. you know, anyone worried though about, you know, the security aspect of this, i mean, to me, i mean, it's no big deal. matt: think about the security breaches of using a credit card. you have that risk already. >> but you're more safe -- how many times have you lost your wallet. a couple hundred dollars in there. people have stolen purses because they thought...
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Feb 10, 2015
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and in three of them here you picked qualcomm well before the jump today.questionable horizons with the chinese issue that they were being questioned about, you know, how their patent were working. they have now settled for just under the billion dollars. >> that's a key thing. allows us to focus on fundamentals again and, you know, the stock has gotten knocked down $70 over the last couple of months -- liz: we remind you, they are the largest mobile chip maker. they were in it to win it. >> exactly. smartphones are not going out of business. they're going to continue to supply product over the years, so that's a stock that will be back to '80. liz: and you like alaska air, but halley burrtop, that's an oil services -- halliburton, are you ready to dip your toe here? >> this is a high quality company, they're going to get accretion from the baker hughes deal. they've just announced an 8% reduction in staff in order to right size themselves in light of the decline in energy prices. we think that crude is actually trying to put in a floor here in the mid 40s.
and in three of them here you picked qualcomm well before the jump today.questionable horizons with the chinese issue that they were being questioned about, you know, how their patent were working. they have now settled for just under the billion dollars. >> that's a key thing. allows us to focus on fundamentals again and, you know, the stock has gotten knocked down $70 over the last couple of months -- liz: we remind you, they are the largest mobile chip maker. they were in it to win it....
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Feb 22, 2015
02/15
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they're swapping out qualcomm and putting in media tech for the main processor because they wanted toess the needs of the next tier and the tier below that. >> that was idc's crawford del prete. that does it for this edition of the best of "bloomberg west." you can watch us monday through friday, see you later. ♪ >> the following is a great program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or it employees. >> the following is a pain presentation for focus t25, brought you by beach fine. think you do not have time to work out? >> i have kids, a husband, a dog. >> i am working 12 to 14 hours per day. >> 30 minutes is all you need. >> now, all you need is 25 minutes.
they're swapping out qualcomm and putting in media tech for the main processor because they wanted toess the needs of the next tier and the tier below that. >> that was idc's crawford del prete. that does it for this edition of the best of "bloomberg west." you can watch us monday through friday, see you later. ♪ >> the following is a great program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or it employees. >> the...
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Feb 20, 2015
02/15
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taking the best other companies are making, the best chips from qualcomm or once upon a time ibm or motorola and assembling them together in a way where the software performs the magic. they've changed it a little with their own chip design. do you get a sense they are going to go for their own design and manufacture of a battery? >> the latter part, we don't know. the signs are that they are trying to in-house create and design the battery and the car around it is exciting because already i have been looking at the race between tesla and gm. the 200 mile car is the inflection point, the proving ground that brings the electric age. now you have apple coming in and this is critical mass. was gm really going to be able to match tesla? apple can. cory: i don't trade stocks now but when i did that for a living, i had to find some kind of crazy bet against them thing -- something that's not going to work. there's got to be a publicly traded battery company and i did a search on the bloomberg from every single one and found out we are short every single one and everyone was a pie in the sky promis
taking the best other companies are making, the best chips from qualcomm or once upon a time ibm or motorola and assembling them together in a way where the software performs the magic. they've changed it a little with their own chip design. do you get a sense they are going to go for their own design and manufacture of a battery? >> the latter part, we don't know. the signs are that they are trying to in-house create and design the battery and the car around it is exciting because...
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Feb 22, 2015
02/15
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they're swapping out qualcomm and putting in media tech for the main processor because they wanted todress the needs of the next tier and the tier below that. >> that was idc's crawford del prete. that does it for this edition of the best of "bloomberg west." you can watch us monday through friday, see you later. ♪ >> hi. >> good morning. >> tonight on "titans at the table" -- >> this place is gorgeous. i will be chatting with businessman turned environmental activist, tom steyer. he was born and raised in the financial capital of the u.s., new york city, but chose to open his company in san francisco. he founded the company with $8 million, and by the time he stepped down, he turned the initial investment into $30 billion, making it the fourth-largest hedge fund in the world.
they're swapping out qualcomm and putting in media tech for the main processor because they wanted todress the needs of the next tier and the tier below that. >> that was idc's crawford del prete. that does it for this edition of the best of "bloomberg west." you can watch us monday through friday, see you later. ♪ >> hi. >> good morning. >> tonight on "titans at the table" -- >> this place is gorgeous. i will be chatting with businessman...
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Feb 10, 2015
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. >> i trust regulators and china have reached a decision on qualcomm. regulators in china said the company used its dominant position to force unfair conditions on customers. the measles outbreak is spreading. the cdc says there is now 121 cases of the measles across 17 states. until recently in the u.s., it was on -- unusual to see more than 100 measles cases in the u.s. in an entire year. >> boston smashing records for snowfall. 69 inches of snow in the last 30 days. truckloads of snow have been removed and dumped on fenway park. that is not where they are putting the snow. i am kidding. boston is just getting hammered. we are not. >> we keep forecasting this blizzard that is yet to materialize. boston has seven feet of snow on the ground. >> i have been chasing down an economist from harvard and she could not leave her house. [laughter] >> are you buying spring yet? >> not yet. >> it is in the windows. it is like "spring is in the windows." >> i am buying for fall. >> fall fashions start coming out in the early spring. >> ok. i'm lost on that. let's
. >> i trust regulators and china have reached a decision on qualcomm. regulators in china said the company used its dominant position to force unfair conditions on customers. the measles outbreak is spreading. the cdc says there is now 121 cases of the measles across 17 states. until recently in the u.s., it was on -- unusual to see more than 100 measles cases in the u.s. in an entire year. >> boston smashing records for snowfall. 69 inches of snow in the last 30 days. truckloads...
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Feb 20, 2015
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. >> authorities say qualcomm violated laws and it's the largest ever imposed on a foreign firm in china. regulators say they broke a law on uncompetitive pricing and say it charged chinese cell phone manufacturers unfair licensing fees for communications technology. officials say they are disappointed with the decision, but they will not contest the fine. official says they will change the way their company does business in china. >>> two southeast asian neighbors are teaming up on autos. the malaysian prime minister announced the plan after meeting with the indonesian president. the project calls for proon to to manufacture cars in indonesia. their share fell because of competition from overseas rivals. indonesia's auto market is the biggest producing cars in indonesia could breathe new life into proton's business. honda is revving up for its first formula one in seven years and taking rawraps off its new race car. honda has joined hands with mcclairn. ex executives says their engine can deliver 600 horse power and say the car features ecofriendly technologies required under f1 regulat
. >> authorities say qualcomm violated laws and it's the largest ever imposed on a foreign firm in china. regulators say they broke a law on uncompetitive pricing and say it charged chinese cell phone manufacturers unfair licensing fees for communications technology. officials say they are disappointed with the decision, but they will not contest the fine. official says they will change the way their company does business in china. >>> two southeast asian neighbors are teaming up...
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Feb 13, 2015
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qualcomm chairman paul jacobs says wearable technology will transform sports. jacobs is co-owner of the san francisco kings joins "market makers," at the nba technology conference in new york. grexit's going to do things for people, give people information about their health and what they are doing. this whole notion that the phone is going to be at the center of a universe of sensors and the environment around us, maybe inside our bodies, it's going to change the way that we are healthy, and our doctors take care of us. at all sorts of things. >> qualcomm parted with tavaris to invest in wearable technology. moving on. president obama is at stanford university today for the first white house summit on cyber security and consumer protection. the president is signing an executive order aimed at getting companies to share information about cyber threats. assistance from the governments will be there as well apple ceo tim cook. ceos of google, facebook, and yahoo! are all invited and taken a pass. cory johnson is there at stanford with more. >> trish, a big gather
qualcomm chairman paul jacobs says wearable technology will transform sports. jacobs is co-owner of the san francisco kings joins "market makers," at the nba technology conference in new york. grexit's going to do things for people, give people information about their health and what they are doing. this whole notion that the phone is going to be at the center of a universe of sensors and the environment around us, maybe inside our bodies, it's going to change the way that we are...
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Feb 13, 2015
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and qualcomm executive is here with us today, david jacobs.amento kings that have a new coach. before we talk about basketball question have to talk about the big settlement between china and qualcomm. what does it mean for the company and what does it mean for you doing business in china? >> i think it's good for us, actually. what it means is now the way that we do business that we charge royal tistyies on the selling price, that's all been established now. of course it's a big fine. we're disappointed with that outcome, but it's good to see that the business model is intact. and the people we work with our partners there, we're still ready to continue with them. >> whenever we see these fines coming out of china and it's an american company, i read and think is this legit? or is this -- is it a phobia? is this trying to give more advantages to chinese companies over your company? do you have any thoughts on that? >> look it's always a politically sensitive topic. >> right. >> but certainly some american companies are feeling pressure over i
and qualcomm executive is here with us today, david jacobs.amento kings that have a new coach. before we talk about basketball question have to talk about the big settlement between china and qualcomm. what does it mean for the company and what does it mean for you doing business in china? >> i think it's good for us, actually. what it means is now the way that we do business that we charge royal tistyies on the selling price, that's all been established now. of course it's a big fine....
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Feb 26, 2015
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i mean, this is intel, microsoft, and qualcomm. this is old technology, mature company.alued, wouldn't you say? >> caller: well, i mean, yes looking relative to what we saw in march of 2000, yes, you can say we are less valued. the valuations are lower today than that. the problem is when you look at indicators like whether you look at price to earnings, price to sales, price to book, you name it, it does not matter whether it's new technology or old technology, but looking at how much investors pay for a dollar worth of earnings. >> on the one hand, yao right. facebook, and some of the bioteches, yes, but that's in the top ten, that's probably one-third to one-half of the portfolio with the rest being really cheap on an absolute basis, you know, intel or a kwaul come. >> that's right. but as, you know, the question is if you look at a broad point of view, yes, there are pockets of value, but on average across the markets, indicators are -- again looking at sales, book value, or earnings, and so forth, you end up with a profoundly similar conclusion that investors on ave
i mean, this is intel, microsoft, and qualcomm. this is old technology, mature company.alued, wouldn't you say? >> caller: well, i mean, yes looking relative to what we saw in march of 2000, yes, you can say we are less valued. the valuations are lower today than that. the problem is when you look at indicators like whether you look at price to earnings, price to sales, price to book, you name it, it does not matter whether it's new technology or old technology, but looking at how much...
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Feb 1, 2015
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. >> it wasn't just caterpillar, the super power force bet against qualcomm. >> we would say move along declare victory and walk away. >> the biggest disappoint mtd here, that it moved this far and fast came as a surprise to me. it's a time to take profits to the good side. take the money and run. >> i think 60 is an interesting level. i said that at a time when they made a call, fantastic call. they have so much cash, no debt, do buy back a lot of stock and trying to get into the spaces that intel is and server chips. i think it's a very cheap stock. they misexecuted on a lot of levels but i think they will push them around and i think intel should buy them. >> interesting. >> dan made a bet against alibaba. here's what he said. >> the trade that i was looking at alibaba, looking to take advantage of the heightened implied volatility, option prices around february expiration that will catch the earnings report next week. i want to sell an option there and buy a longer dated put in martha captures that lockup in hoping to get in for cheaper -- >> dan got the direction right but maybe a
. >> it wasn't just caterpillar, the super power force bet against qualcomm. >> we would say move along declare victory and walk away. >> the biggest disappoint mtd here, that it moved this far and fast came as a surprise to me. it's a time to take profits to the good side. take the money and run. >> i think 60 is an interesting level. i said that at a time when they made a call, fantastic call. they have so much cash, no debt, do buy back a lot of stock and trying to...
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Feb 10, 2015
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and qualcomm agreed to pay china $975 million ending a month-long investigation into the company's anti-competitive pract. following the news the chip maker raised the lower end of its full year earnings and revenue outlook. shares initially higher after the bell. before the close shares were up 1% to $67.11. >>> black rock reported a stake of more than 5% in ford. this comes after the automaker reported a sharp drop in fourth-quarter profits. ford also told investors recently it will have a major rebound this year from the struggles in 2014. black rock fell a fraction to $368.80, ford closing at $15.92. >>> a warning today from senator edward markee of massachusetts. cars are too easy to hack. according to report released by the massachusetts lawmakers, vehicles that are more connected are also more vulnerable to cyber attacks through wireless networks and smartphones. they're calling on the auto industry to work with experts to ensure driver safety and privacy. >>> as automakers look at their security systems, one company in particular is also eyeing the strong dollar. but not for the reasons you
and qualcomm agreed to pay china $975 million ending a month-long investigation into the company's anti-competitive pract. following the news the chip maker raised the lower end of its full year earnings and revenue outlook. shares initially higher after the bell. before the close shares were up 1% to $67.11. >>> black rock reported a stake of more than 5% in ford. this comes after the automaker reported a sharp drop in fourth-quarter profits. ford also told investors recently it will...
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Feb 9, 2015
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tonight on "fast money" at 5:00, we'll talk about qualcomm. qualcomm with the $1 billion fine in china and also brett favre social media entrepreneur? >> what are you going to ask mr. favre? >> how do you pronounce his last name. >> he has the side burns now. >> hattiesburg mississippi's own, brett favre. >> thank you for watching new "power lunch." head to power lunch.cnbc.com. >> welcome to the closing bell. >> u.s. stocks lower because of things far outside of the u.s. china's economy a concern and the situation in greece is causing some investors to seek a safe haven today. after the huge gain in the dow of last week, this is probably somewhat expected. >> given the turn of events in greece, it's surprising the markets have held up reasonably well. the place to watch and a lot of people are looking to italy and some of the others to try to figure out whether we go back to the crisis trades or not. >> not
tonight on "fast money" at 5:00, we'll talk about qualcomm. qualcomm with the $1 billion fine in china and also brett favre social media entrepreneur? >> what are you going to ask mr. favre? >> how do you pronounce his last name. >> he has the side burns now. >> hattiesburg mississippi's own, brett favre. >> thank you for watching new "power lunch." head to power lunch.cnbc.com. >> welcome to the closing bell. >> u.s. stocks lower...
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Feb 26, 2015
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i like qualcomm an awful lot. that is cheap relative to the market here. >> you're the second person who told me that viacom is also cheap. they generate a lot of cash but stock doesn't reflect that. why do you think that is? >> well i think this is one of those situations bill where you've got, quite frankly, some in the red stone who is a fabulous operator but he's been there a long time and i think a lot of folks are just waiting for the opportunity when there's a changeover in the leadership there, i think the stock really gets a significant boost and a lot of the folks that are not on board with this one get on board once that happens. so i'm certainly not rooting for sumner to go away. i hope he has a long and lovely life. >> he already has. >> yeah, he certainly has. he's in his 90s. >> yes. >> but here at this point, i think a lot of people would like to see a change in that leadership and similar to occidental, you'd see a surge of money coming into the stock. >> we'll leave it there. jon najarian thank y
i like qualcomm an awful lot. that is cheap relative to the market here. >> you're the second person who told me that viacom is also cheap. they generate a lot of cash but stock doesn't reflect that. why do you think that is? >> well i think this is one of those situations bill where you've got, quite frankly, some in the red stone who is a fabulous operator but he's been there a long time and i think a lot of folks are just waiting for the opportunity when there's a changeover in...
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Feb 9, 2015
02/15
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names i want to tell you about, qualcomm is moving higher in premarket, in contrast with most of itsrs. there are reports the chipmaker is fairly most resolving a chinese government invest gauge and into anti-competitive racing. a $1 billion deal that would put us behind qualcomm area solutions getting a bit of a bump as people say it is a boring a sale. fourth-quarter profit beat analyst estimates. >> thank you so much from the movers. coming up, the british invasion the singer from london took the crowd for music's a guest night. it is that guy. will grammys translate to record sales? we will discuss with with a media veteran max, adam klein. -- veteran up next, adam klein. we will be back. ♪ >> we have a few minutes before he gets here. >> burn the door. >> got it. ♪ >> a 22-year-old british newcomer said the bulk of the awards and last night his grammys. sam smith 14 gold -- song of the year. to the surprise of many in the crowd, roger won album of the year beating out the and tonight, how much the grammys really worth to an artist in a struggling a. joining me now is former is t
names i want to tell you about, qualcomm is moving higher in premarket, in contrast with most of itsrs. there are reports the chipmaker is fairly most resolving a chinese government invest gauge and into anti-competitive racing. a $1 billion deal that would put us behind qualcomm area solutions getting a bit of a bump as people say it is a boring a sale. fourth-quarter profit beat analyst estimates. >> thank you so much from the movers. coming up, the british invasion the singer from...
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Feb 27, 2015
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it will have its own chip instead of qualcomm's. this could be a big opportunity or samsung.o compete with apple. samsung has had three quarters consecutively of falling earnings. i think what could be the bigger story besides a three sided screen phone is not using the qualcomm processor. >> the shocking thing to me is sam son used to own the globalstar's -- smartphone market. -- global smartphone market. xiaomi overtook samsung. i did not know their fortunes had fallen so far. it's a $200 billion company. it's not that it's a smaller disadvantage. >> the apple watch is coming out march 9. >> who is excited? >> tim cook is wearing it in the shower i've heard. >> south korea's largest condom manufacture shares jump for a second session. >> it means that they make the biggest jumps in sales, not that they make the biggest condoms. >> they expect cheaters to do so with protection. it makes sense. >> adultery is still a crime punishable by death in a huge portion of the world. it is illegal here in the united states. apparently, this one kind of maker shares have gone up. i look
it will have its own chip instead of qualcomm's. this could be a big opportunity or samsung.o compete with apple. samsung has had three quarters consecutively of falling earnings. i think what could be the bigger story besides a three sided screen phone is not using the qualcomm processor. >> the shocking thing to me is sam son used to own the globalstar's -- smartphone market. -- global smartphone market. xiaomi overtook samsung. i did not know their fortunes had fallen so far. it's a...
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Feb 13, 2015
02/15
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like qualcomm, expedia, and caterpillar which have all bounced back after plunging on disappointing earningsat's the next oversold stock that can rally? let's get in the money and find out. dan, what do you make of this? >> this is something we kind of looked at. there was a whole host of other names that were more early cycle earnings names that saw disappointments. they talked about head winds from the strong dollar, overseas sales, that sort of thing. those names you just mentioned there, they filled in a lot of that earnings gap. the market sentiment has changed a lot in the last couple weeks. some of these names that had gotten punished have now come back some a bit. which got me thinking about microsoft. microsoft was a darling last year. had the combination of a new ceo telling a slightly different story. that nice 3% dividend yield at a low yield environment. we know they buy back a ton of shares. there was a lot of things going. not one report sent it down 9%. that was $40 billion in market cap in one fail swoop. when i'm thinking about the market making highs today, it's about othe
like qualcomm, expedia, and caterpillar which have all bounced back after plunging on disappointing earningsat's the next oversold stock that can rally? let's get in the money and find out. dan, what do you make of this? >> this is something we kind of looked at. there was a whole host of other names that were more early cycle earnings names that saw disappointments. they talked about head winds from the strong dollar, overseas sales, that sort of thing. those names you just mentioned...
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Feb 10, 2015
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qualcomm agreeing to pay $975 million to the chinese government. this settles a 14 month long probe into alleged anticompetitive practices. the second gap's january same store sales decline 3%. it's a bigger drop than expected and that was above wall street consensus and then aeropostale shares soaring on the boost. fourth quarter sales rising a bigger than expected 1%. promotional activity was higher than expected but adding the company isering the a a clean inventory position. >> let's get a check on the markets this morning. we have been watching the futures and yesterday you saw the dow down by close to 100 points. there are green arrows. this comes after we saw choppy trading in the afternoon. stocks did close off their low of the session. the dow futures are close to 20 points. s&p futures up by 2 points. nasdaq up by 7 points. yesterday we were following what happened so closely in greece. if you want to take a look this morning you'll see that greece is rebounding ever so slightly at a gain of 2% after pretty rough headlines. also cac is up
qualcomm agreeing to pay $975 million to the chinese government. this settles a 14 month long probe into alleged anticompetitive practices. the second gap's january same store sales decline 3%. it's a bigger drop than expected and that was above wall street consensus and then aeropostale shares soaring on the boost. fourth quarter sales rising a bigger than expected 1%. promotional activity was higher than expected but adding the company isering the a a clean inventory position. >> let's...
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Feb 16, 2015
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>> qualcomm has strong positions in several markets in europe.s a brand that is strong in france and latin america. so, you already have these chinese brands really pushing and driving hard into western markets. huawei interdigital a bit partnership to push on is brand -- entered into a partnership to push out is brand. >> where does it to lead? we hear they are entering into the car market. would you be surprised if they end up rivaling one of the electric carmakers or even doing different applications that have nothing to do with their bread and butter right now? >> apple is in a really nice position, sitting on a mountain of cash. they have to spend in some way are do something with it. is it able to take time to explore? there's also been an apple tv that has been rumored for five or six years that has not seen the light of day. just because of the news of an apple car doesn't mean it will happen anytime in the next five or six years especially when you take into how long it takes to be in car markets. and of course apple lots of benefits for
>> qualcomm has strong positions in several markets in europe.s a brand that is strong in france and latin america. so, you already have these chinese brands really pushing and driving hard into western markets. huawei interdigital a bit partnership to push on is brand -- entered into a partnership to push out is brand. >> where does it to lead? we hear they are entering into the car market. would you be surprised if they end up rivaling one of the electric carmakers or even doing...
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Feb 19, 2015
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they are swapping out call -- flopping out qualcomm and putting in media tech because they want to address of the next year and the tier below that. in your interview with gene munster, apple has not gone down market. xiaomi is classic disruptor. it started low-end and is now eating that ground at the low end. >> wide-out we have you do the bwest byte, the one number that tells us a whole lot. >> how about 840 question mark >> $840? fax that's the price that sony has come out with for their new wearable glasses technology. >> i wear glasses sometimes. they don't cost $840. what do these glasses do? >> it's a 44% reduction over google glass. it's a very different approach, but that's what they are trying to. >> wearable glass, why not question mark you can always get the latest headlines on your phone, tablet and on bloomberg.com. more "bloomberg west" tomorrow. ♪ the following is a paid program.
they are swapping out call -- flopping out qualcomm and putting in media tech because they want to address of the next year and the tier below that. in your interview with gene munster, apple has not gone down market. xiaomi is classic disruptor. it started low-end and is now eating that ground at the low end. >> wide-out we have you do the bwest byte, the one number that tells us a whole lot. >> how about 840 question mark >> $840? fax that's the price that sony has come out...
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Feb 18, 2015
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now some interesting things, swapping out qualcomm and putting in media tech or the main processor.se they want to start to address the need of the next here -- tier and below that. during your interview, apple has not gone down market. they started the wind and also came in at the high end and now now not exceeding the ground of low end. >> as long as you're here, why don't we have you do the one number that tells us a whole lot. you got something? >> how about 840? life $840? >> that is the price that sony has come out with for their new wearable glasses technology. >> i wear glasses sometimes. what do these do? >> this is interesting, about a 44% reduction over what google glass, the other entry we have seen in the category came out with. a very different approach but that is what they are trying to do, a google glass saying. >> thank you very much. we appreciate it. get the latest headlines all the time. more bloomberg "west." tomorrow. ♪ >> from bloomberg world headquarters this is bottom line, the intersection of business and economics with a main street perspective. we begin
now some interesting things, swapping out qualcomm and putting in media tech or the main processor.se they want to start to address the need of the next here -- tier and below that. during your interview, apple has not gone down market. they started the wind and also came in at the high end and now now not exceeding the ground of low end. >> as long as you're here, why don't we have you do the one number that tells us a whole lot. you got something? >> how about 840? life $840?...
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Feb 10, 2015
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on the nasdaq 100, one of the biggest gainers we're watching for you here at qualcomm. up around 4%. that, of course, on news it settled on paying the chinese government that $975 million fine. the largest fine in china's history. over anti-economytive practices and ending that 14-month ongoing dispute. now, hotels and travel also doing well today. marriott and win resorts among the top gainers here. this despite wyn missing estimates for its fourth quarter, and mattel getting hit today. one of the biggest lose others the nasdaq 100. down over 1%. this as hasbro its biggest competitor, saw its revenues increase as mattel's fell in 2014 closing the gap between the two competitors. tyler, back to you. >> a lot to do with frozen toys i believe. >> it did. >> thank you very much. >>> let's take a look at these charts. the disease bisquely wiped out in the years following, but it is back in a small way, but an left arming way to many. a number of states with measles cases for 2015 now stands at 17. it is spreading from california to the midwest and right here in new jersey.
on the nasdaq 100, one of the biggest gainers we're watching for you here at qualcomm. up around 4%. that, of course, on news it settled on paying the chinese government that $975 million fine. the largest fine in china's history. over anti-economytive practices and ending that 14-month ongoing dispute. now, hotels and travel also doing well today. marriott and win resorts among the top gainers here. this despite wyn missing estimates for its fourth quarter, and mattel getting hit today. one of...
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Feb 2, 2015
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the bees meeted out qualcomm they were extraordinaire. sandus was emblemmatic of a pre-announcement. a guide down and a further guide down because of less customer. that how the stock falls from 176. 3d computer company stratus is traiting down after a big profit warning, january or february. after the currency ended up with an outlook called that their safety of which they are always known to safety stocks into question. both procter & gamble and johnson & johnson, reports vanished. these are beloved big cat stock people excellent ceos, yet the momentum disappeared like helium in a balloon. okay. a little rebound today. is it for real? i don't know yet. finally you have these situations good corporate news seems to do nothing. did anyone notice that costco had a $5 special last week. this confidence didn't even happen until today. it finally dawned on people t. stock folded $3 bucks, closed a year at its 52-week high. the only stocks seemed to fly were the ones most heavily shorted going into the quarter. like boeing they had a good numb
the bees meeted out qualcomm they were extraordinaire. sandus was emblemmatic of a pre-announcement. a guide down and a further guide down because of less customer. that how the stock falls from 176. 3d computer company stratus is traiting down after a big profit warning, january or february. after the currency ended up with an outlook called that their safety of which they are always known to safety stocks into question. both procter & gamble and johnson & johnson, reports vanished....
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Feb 2, 2015
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qualcomm was a big favorite coming in. i just feel like there was a sense of -- thank heavens this month is over. their earnings are so low, you've got to see the whole aggregate of the s&p go down. >> it can conversely go up. we start with continued focus -- i almost hate to say it -- on greece. there's just no way to get around it. we're going to keep hearing various things and it's going to be difficult to get a real read on that situation, but it is going to roil the markets to a certain extent. the dollar continues to show itself in the face of guidance that we'll get from any number of multi-nationals. that will continue. i guess we'll be dealing with this for some time. not to mention ukraine doesn't look quite as bad. >> ukraine is bad. one of the things i thought was just really confusing was that some companies just got currency totally wrong. some companies did a little bit of hedging, did it right. but no matter what, the conference calls -- if you go back over the ibm conference call it was basically how the c
qualcomm was a big favorite coming in. i just feel like there was a sense of -- thank heavens this month is over. their earnings are so low, you've got to see the whole aggregate of the s&p go down. >> it can conversely go up. we start with continued focus -- i almost hate to say it -- on greece. there's just no way to get around it. we're going to keep hearing various things and it's going to be difficult to get a real read on that situation, but it is going to roil the markets to a...
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Feb 9, 2015
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i don't like qualcomm. >> you don't?are other stocks that are cheaper in the semi business. like a cyprus semi is scheeper. sky -- cheaper. but this has always been the big mutual fund. >> it has. >> very smart company. but there's a lot of headwinds. >> yeah. >> all right. shake shack is our last one. >> it's still roughly a double. >> long bow starts -- shake shack with a sell. price target, 21. kind of a round trip. now, what's interesting about this is significant expansion risk is what they're talking about. this is a stock that is presuming no expansion. and it's expensive stock. >> how much risk can you take when you're only opening ten stores a year? >> that's why i come become and say that you have to use a chipotle chipotle-like analysis for this. 40, 30 20. you have to think about where it's going to be five years from now. if you go back to the chipotle conference call, they talked about it. said listen -- and they wrote us off the air. except the fact that it might go to the 30s, even the 20s, just have some
i don't like qualcomm. >> you don't?are other stocks that are cheaper in the semi business. like a cyprus semi is scheeper. sky -- cheaper. but this has always been the big mutual fund. >> it has. >> very smart company. but there's a lot of headwinds. >> yeah. >> all right. shake shack is our last one. >> it's still roughly a double. >> long bow starts -- shake shack with a sell. price target, 21. kind of a round trip. now, what's interesting about this...
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Feb 11, 2015
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we want to quickly mention, it's not just apple, but a whole bunch of halo stocks like qualcomm and nuisancel talk about that in the 4:00 p.m. eastern show. is apple too rich for you at this moment, do you want to go somewhere else? apple up $2.78. these are sexy names. tesla, cisco, whole foods, all of them coming out with earnings. you either use their products or own their stocks or both. the second these numbers come out, and tesla in particular, here's what they're looking for. you have to see more than 11,000 cars sold in q4 to make their number. we'll watch that closely to see how the stock will react. the stock has been a killer over the past couple of months. the president is expected to come out and make a formal statement about his request regarding military use and force against isis. the specifics of this are very important. what it does is it limits authority to about three years of involvement. it also says that it would allow ground operations in limited areas. in limited circumstances. things like rescues. and training of the peshmerga, fighters against the isis fighters. or
we want to quickly mention, it's not just apple, but a whole bunch of halo stocks like qualcomm and nuisancel talk about that in the 4:00 p.m. eastern show. is apple too rich for you at this moment, do you want to go somewhere else? apple up $2.78. these are sexy names. tesla, cisco, whole foods, all of them coming out with earnings. you either use their products or own their stocks or both. the second these numbers come out, and tesla in particular, here's what they're looking for. you have to...
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Feb 20, 2015
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they serve food at harvard, "new york times" cafe, goog hp qualcomm.lly profound partnership with them we're supplying cookies, mayo opening up the channels to supply the stuff you mentioned, biscuits and pasta and lots of things to come. and the scale is enormous. >> i thought this was so exciting. when you came here you brought a big tub of mayo i'm showing mine, just mayo. will you be able to do those little packets, like the ketchup and mayo packets? would you have that kind of thing in your contract? >> we do in the food service world. we call them pcs. we'll be doing the pcs, portion control, the pumps not only the regular but the flavors, chipotle and sarache. and i'm trying to convince compass group to introduce a new product, i don't know if you've seen it but it's called just jim. >> this is a -- wow! thank you for that. i want to understand. in the context of what i'm thinking about here, you're talking about really upending the system in a way it hasn't been up upended in years. mayo packets has been a staple why would anyone want to use eg
they serve food at harvard, "new york times" cafe, goog hp qualcomm.lly profound partnership with them we're supplying cookies, mayo opening up the channels to supply the stuff you mentioned, biscuits and pasta and lots of things to come. and the scale is enormous. >> i thought this was so exciting. when you came here you brought a big tub of mayo i'm showing mine, just mayo. will you be able to do those little packets, like the ketchup and mayo packets? would you have that kind...
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Feb 17, 2015
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in technology, for example, qualcomm is very interesting.ompany that's said they're going to increase their payout going to actually payout more cash flow than they have done in the past and they've overcome their problem with the chinese or at least we believe they have. they're going to take advantage of this increase in 4g lte. their chip sets are ubiquitous. there are ways of getting access to dividends that aren't apparent today but active managers can find them for our clients. >> it's the growing dividend you're looking for. >> payouts can increase. that's what you want the prospect. >> i got it. we're going to come back with sarah. we'll get to the closing countdown, see if we can finish with an all-time high on the s&p especially. another awful winter hurting new england's economy but we found one snowplow company that's shoveling in the cash right now. you won't believe how much money they've been bringing in in the last several weeks here. that's coming up later on "the closing bell." you're watching cnbc first in business worldwi
in technology, for example, qualcomm is very interesting.ompany that's said they're going to increase their payout going to actually payout more cash flow than they have done in the past and they've overcome their problem with the chinese or at least we believe they have. they're going to take advantage of this increase in 4g lte. their chip sets are ubiquitous. there are ways of getting access to dividends that aren't apparent today but active managers can find them for our clients. >>...