Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Qualcomm    QCOM

QUALCOMM (QCOM)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Qualcomm : Draws Fine in Taiwan -- WSJ

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/12/2017 | 08:48am CEST
By Ted Greenwald 

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (October 12, 2017).

Qualcomm Inc. was fined about $773 million by the Taiwanese government, the latest setback as the chip maker defends its patent-licensing business against an international wave of regulatory and legal challenges.

In a filing Wednesday, the Taiwanese Fair Trade Commission ruled that Qualcomm violated the country's laws by licensing its patents unfairly. Qualcomm, in a statement, said it plans to appeal.

Qualcomm is the dominant supplier of chips for smartphones. Its intellectual-property business, though, is far more profitable, accounting for roughly 80% of the company's pretax profit last year.

As an owner of patents deemed essential to cellular communications, Qualcomm is required to license its intellectual property on fair and reasonable terms. How it does so has come under fire. For instance, Qualcomm bases its royalty rate on the price of a whole device rather than that of its chips, and it licenses its essential patents only along with its entire patent portfolio.

"Their model is under real pressure," said Rufus Pichler, a partner at Morrison & Foerster LLP, a law firm specializing in intellectual-property issues. "These antitrust rulings have two elements. One is the fine for conduct in the past, but the other is making changes to fix it going forward."

Qualcomm didn't respond to requests for comment.

The San Diego-based company's shares, which have fallen nearly 18% this year as of Tuesday's close, were up less than a percentage point to $54.34 in midday trading Wednesday.

In Taiwan, sales accounted for 12% of Qualcomm's revenue in 2016. The fine from the country's government follows similar regulatory actions in the U.S., South Korea and China.

In January, the U.S. Federal Trade Commission sued Qualcomm, alleging the company engaged in unlawful tactics to maintain a monopoly on cellular-communications chips. The company has said the suit is based on flawed legal theory and misconceptions about its business. The European Commission also is investigating Qualcomm's business practices.

In late 2016, the South Korean Fair Trade Commission fined the company $853 million for alleged antitrust violations, the highest such penalty brought against a single company there.

The previous year, Qualcomm said it would pay a $975 million fine in China. It also agreed to modify some of its patent-licensing practices in that country. However, its basic approach to patent licensing remained intact.

Qualcomm also is embroiled in a tangle of bitter lawsuits with Apple Inc. and the companies it has contracted to manufacture iPhones, which are based in Taiwan.

Write to Ted Greenwald at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on QUALCOMM
04:31pEU regulators charge Qualcomm with additional violation in pricing case
RE
04:31pNVIDIA : Qualcomm disappointed with continuing EU probe into pricing case
RE
03:37pNVIDIA : Qualcomm disappointed with continuing EU probe into pricing case
RE
01:59pEU regulators charge Qualcomm with additional violation in pricing case
RE
07/18QUALCOMM : KASKELA LAW LLC: Important Deadline Notice in Shareholder Class Actio..
AC
07/18QUALCOMM : IMPORTANT DEADLINE NOTICE: The Schall Law Firm Announces the Filing o..
AC
07/17QUALCOMM INC/DE : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Yea..
AQ
07/17QUALCOMM : Will NXP Semiconductor and Qualcomm Deal Close?
AQ
07/16QUALCOMM : IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces the Filing o..
AC
07/16QUALCOMM : Pomerantz Law Reminds Shareholders with Losses on their Investment in..
AC
More news
News from SeekingAlpha
11:56aEU adds charge to Qualcomm antitrust investigation 
08:04aQualcomm CEO says NXP deal likely stuck in China; NXPI -3.1% 
05:44aHow To Benefit From The Autonomous Vehicle Trend Starting As Soon As 2019 
07/18Qualcomm should walk away from the walk date - MS 
07/17NXP Semi -2.5% on reiterated report that Qualcomm could walk 
Financials ($)
Sales 2018 21 917 M
EBIT 2018 5 088 M
Net income 2018 -4 232 M
Finance 2018 7 599 M
Yield 2018 4,05%
P/E ratio 2018 -
P/E ratio 2019 19,70
EV / Sales 2018 3,64x
EV / Sales 2019 3,16x
Capitalization 87 341 M
Chart QUALCOMM
Duration : Period :
Qualcomm Technical Analysis Chart | QCOM | US7475251036 | 4-Traders
Technical analysis trends QUALCOMM
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Average target price 62,1 $
Spread / Average Target 5,7%
EPS Revisions
Managers
NameTitle
Steven M. Mollenkopf Chief Executive Officer & Director
Cristiano R. Amon President
Jeffrey William Henderson Non-Executive Chairman
George S. Davis CFO, Principal Accounting Officer & Executive VP
Mary Gendron Chief Information Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
QUALCOMM-8.22%87 341
CISCO SYSTEMS10.21%199 120
ERICSSON36.19%25 464
ARISTA NETWORKS INC16.60%20 374
MOTOROLA SOLUTIONS36.36%19 853
HARRIS CORPORATION7.41%18 004