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 : loses appeal against EU threat of daily fine

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/17/2017 | 05:19pm CEST
A Qualcomm sign is pictured at one of its many campus buildings in San Diego

BRUSSELS (Reuters) - 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
0
Latest news on QUALCOMM
03:08aQUALCOMM : board boosts severance for top executives if company is sold
AQ
05/25QUALCOMM : Patent Issued for Systems, Methods, and Apparatus Related to Electric..
AQ
05/25QUALCOMM INC/DE : Change in Directors or Principal Officers, Financial Statement..
AQ
05/25QUALCOMM : s new Snapdragon 710 chip adds premium features to mid-range devices
AQ
05/25QUALCOMM : Extends NXP Offer, But Only About 4% of NXP Shares Tendered
DJ
05/25QUALCOMM : EX-Dividend Schedule: QUALCOMM Boosted its Dividend by 9%; Will Trade..
AC
05/25Qualcomm bets big on AI-enabled chip
AQ
05/25Qualcomm bets big on AI-enabled chip
AQ
05/25Qualcomm bets big on AI-enabled chip
AQ
05/24QUALCOMM : U.S. Patents Awarded to Inventors in North Carolina (May 24)
AQ
More news
News from SeekingAlpha
05/25Qualcomm can resume talks with China about NXP acquisition 
05/25NXP Semiconductors +2.4% on report US, China reach ZTE deal 
05/2423 Upcoming Dividend Increases 
05/23BLOOMBERG : Qualcomm will unveil AR/VR chipset next week 
05/23AMD : Ready For Server Outperformance? 
Financials ($)
Sales 2018 21 940 M
EBIT 2018 5 123 M
Net income 2018 -4 196 M
Finance 2018 7 599 M
Yield 2018 3,97%
P/E ratio 2018 -
P/E ratio 2019 20,37
EV / Sales 2018 3,71x
EV / Sales 2019 3,23x
Capitalization 88 898 M
Chart QUALCOMM
Duration : Period :
Qualcomm Technical Analysis Chart | QCOM | US7475251036 | 4-Traders
Technical analysis trends QUALCOMM
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 28
Average target price 61,6 $
Spread / Average Target 2,7%
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-9.86%88 898
CISCO SYSTEMS14.23%209 899
ERICSSON25.65%24 941
ZTE CORPORATION--.--%19 314
ARISTA NETWORKS INC7.93%18 792
HARRIS CORPORATION8.67%18 274