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 CEST
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
02:43p QUALCOMM : Collaborates With Schools, Libraries, Non-Profits to Provide More Stu..
02:42p QUALCOMM : Snapdragon Neural Processing Engine Now Available on Qualcomm Develop..
02:42p QUALCOMM : Nichicon Sign Commercial Wireless Electric Vehicle Charging License A..
02:27p QUALCOMM : and Nichicon sign commercial wireless electric vehicle charging licen..
02:07p NICHICON AND QUALCOMM, INC (NASDAQ : QCOM) Sign Wireless EV Charging License Agr..
10:30a QUALCOMM : Collaborates with Schools, Libraries and Non-Profits to Provide More ..
07/25 QUALCOMM : and Nichicon Sign Commercial Wireless Electric Vehicle Charging Licen..
07/25 QUALCOMM : Snapdragon Neural Processing Engine Now Available on Qualcomm Develop..
07/25 QUALCOMM : Pre-Orders for 128GB HTC U11 Go Live Tonight; U Ultra Finally Priced ..
07/25 APPLIED MATERIALS : NXP Announces Executive Management Transition
More news
News from SeekingAlpha
10:16a Dividend Contender Dogs Follow Energy Transfer's Top One-Year Gains For July
09:20a GDS Investments July 2017 Commentary
07/25 Qualcomm and Nichicon announce electric vehicle tech agreement
07/25 9 Great Investment Ideas For 2017 - Q2 Report
07/25 Qualcomm announces development kit for AI optimization
Financials ($)
Sales 2017 23 119 M
EBIT 2017 6 699 M
Net income 2017 3 385 M
Finance 2017 5 448 M
Yield 2017 4,12%
P/E ratio 2017 23,02
P/E ratio 2018 19,60
EV / Sales 2017 3,17x
EV / Sales 2018 3,08x
Capitalization 78 630 M
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 32
Average target price 60,4 $
Spread / Average Target 13%
EPS Revisions
Steven M. Mollenkopf Chief Executive Officer & Director
Derek K. Aberle President
Paul E. Jacobs Executive Chairman
George S. Davis CFO, Principal Accounting Officer & Executive VP
James H. Thompson Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
QUALCOMM-18.30%78 630
CISCO SYSTEMS6.29%160 602
ERICSSON-1.87%21 360