Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Qualcomm    QCOM

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

Qualcomm : loses appeal against EU threat of daily fine

share with twitter share with LinkedIn share with facebook
share via e-mail
07/17/2017 | 05:19pm CET
A Qualcomm sign is pictured at one of its many campus buildings in San Diego

U.S. chipmaker Qualcomm faces the threat of a daily fine of 580,000 euros ($665,000) for failing to provide EU antitrust regulators with information after losing an appeal against the penalty in a European Union court on Monday.

Qualcomm, which was charged by the European Commission for using anti-competitive methods to squeeze out British phone software maker Icera, last month asked the Luxembourg-based General Court to suspend the order.

The Commission welcomed the court verdict, while Qualcomm declined to comment.

The company said the EU competition authority's demand entailed enormous work and significant financial costs estimated at no less than 3 million euros as it involved more than 50 employees and 16 external advisers, according to its court filing.

Court President Marc Jaeger dismissed the appeal in a July 12 ruling.

"The applicant does not claim that its financial viability would be at risk or that its market share could be affected substantially," he said.

"Furthermore, it does not give any explanation as to why it would be impossible to seek compensation for the alleged financial costs it would suffer by answering the questions."

Qualcomm faces a second EU antitrust charge of making illegal payments to a major customer for exclusively using its chipsets since 2011.

It could be fined as much as 10 percent of its global turnover for each case, if found guilty of breaking EU rules.

($1 = 0.8724 euros)

(Reporting by Foo Yun Chee; editing by Pritha Sarkar and Alexander Smith)

By Foo Yun Chee

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on QUALCOMM
07:26p BROADCOM : FTC Probes Broadcom Over Negotiations With Customers--Update
03:06a QUALCOMM : makes case to shareholders to remain independent
01:08a Qualcomm raises profit forecast, may buy back stock if bid for NXP fails
01/16 QUALCOMM : Broadcom Issues Statement
01/16 QUALCOMM : Windows on Snapdragon desktop apps won’t be as power-hungry as ..
01/16 Local Public Wi-Fi Networks About to Get a Whole Lot Safer
01/16 QUALCOMM : Sends Letter to Stockholders and Files Investor Presentation
01/16 SNAP INTO THE FUTURE : Qualcomm Snapdragon Tech Summit
01/16 SAMSUNG ELECTRONICS : Galaxy S9 phones will last longer, despite unchanged batte..
01/15 QUALCOMM : The Market Shaking news in QUALCOMM Has Created an Opportunity
More news
News from SeekingAlpha
03:11p Broadcom calls FTC probe 'immaterial'; shares resume gainsc
01:04p Time To Take A Full Position In QuickLogic Stock, As Production Wins Grow To ..
01:03p Qualcomm Stock To Benefit From Multiple Positive Catalysts Going Forward
12:44p The Apple CPU Advantage, Revisited
11:51a Qualcomm Is Lowballing NXP Shareholders
Financials ($)
Sales 2018 22 893 M
EBIT 2018 5 859 M
Net income 2018 3 984 M
Finance 2018 16 195 M
Yield 2018 3,44%
P/E ratio 2018 25,91
P/E ratio 2019 23,66
EV / Sales 2018 3,69x
EV / Sales 2019 3,54x
Capitalization 101 B
Duration : Period :
Qualcomm Technical Analysis Chart | QCOM | US7475251036 | 4-Traders
Technical analysis trends QUALCOMM
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 66,7 $
Spread / Average Target -2,3%
EPS Revisions
Steven M. Mollenkopf Chief Executive Officer & Director
Cristiano R. Amon President
Paul E. Jacobs 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$)
QUALCOMM2.12%100 612
CISCO SYSTEMS6.71%200 414
ERICSSON3.99%23 208