Qualcomm Incorporated (NASDAQ: QCOM)
Qualcomm Technologies, Inc. (QTI), a wholly owned subsidiary of QCOM (?Qualcomm?) , recently reported that it has acquired certain assets of EPOS Development, Ltd. (EPOS), a leading developer of ultrasound technologies for input solutions, including pen, stylus and gesture recognition.
The acquired assets will further strengthen and differentiate QCOM (?Qualcomm?) Snapdragon processor, allowing unique and powerful next-generation user experiences for smartphones, tablets and e-readers. EPOS team members who are joining QCOM (?Qualcomm?) will be integrated into QCOM (?Qualcomm?) Israel?s R&D team and will be focused on delivering new mobile device and service capabilities.
QCOM (?Qualcomm?) previously reported results for the fourth fiscal quarter and year ended September 30, 2012. QCOM (?Qualcomm?) fourth quarter fiscal 2012 revenue was $4.87 billion, up 18 percent year-over-year (y-o-y) and 5 percent sequentially. QCOM (?Qualcomm?) Net income was $1.27 billion, up 20 percent y-o-y and 5 percent sequentially.
QCOM (?Qualcomm?) fiscal 2012 revenue was $19.12 billion, up 28 percent y-o-y. QCOM (?Qualcomm?) Net income was $6.11 billion, up 43 percent y-o-y.
Qualcomm Incorporated (NASDAQ: QCOM) is a world leader in 3G, 4G and next-generation wireless technologies. For more than 25 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit www.qualcomm.com.
In my opinion this is a stock to watch!
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