Despite what you’re hearing these days, tech isn’t going to bottom any time soon. Don’t get bamboozled by hopeful analysts – hope is not a part of the equation.
Qualcomm raised its forecast for fiscal second-quarter earnings and revenue on Tuesday, citing stronger-than-expected worldwide demand for products based on its CDMA mobile phone technology.
Texas Instruments narrowed earnings guidance and tightened sales expectations for the fiscal first quarter. The semiconductor company said after Monday's close that it expects fiscal first-quarter earnings to range from 29 cents to 33 cents a share, compared with earlier guidance of 28 to 34 cents.
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Qualcomm Inc said it has agreed with Broadcom Corp to dismiss their respective claims over four patents, preventing the need for a trial that was scheduled to begin on March 5.
Will Sirius' Howard Stern find true love with XM's Opie & Anthony? Blair Levin, managing director at Stifel Nicolaus (and former chief of staff at the FCC) told CNBC's Liz Claman he is "cautiously optimistic" that the satellite radio merger will be approved -- thanks to new technology.
Microsoft is busy pushing its entertainment offerings. The tech company's new secret weapon in selling digital downloads to play on a cell phone or other devices is a new digital rights management technology called PlayReady. The upside for consumers: content purchased for one mobile device isn't limited to just that gadget. Users can register several devices to share content. This is a rather controversial approach, but could really catch on eventually.
Qualcomm reported earnings of 43 cents a share, just above analysts' estimates, but results were mixed as quarterly sales came in at $2.02 billion, below forecasts.
Citigroup's Tobias Levkovich has released his top picks for '07. Here are the hints to the stocks he liked--that you may have heard on "Squawk on the Street": 1) your parents were wrong; TV is good for you, 2) another of his favorites can be found in the mall, 3) the real little engines that could. Think you know which ones Levkovich likes? See if you guessed right...
Qualcomm lowered its profit estimate for its fiscal first quarter, citing higher-than-expected legal costs and customer's deferred payment.