日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Business / Trendsetter

Rocky road ahead for Qualcomm amid multiple probes

By Bloomberg (China Daily) Updated: 2014-11-07 09:30

Qualcomm Inc shares fell as much as 6.5 percent after the chipmaker said sales and profit in 2015 will be hurt by the fallout from a Chinese government probe and disclosed new regulatory investigations in the United States and Europe.

Rocky road ahead for Qualcomm amid multiple probes

The company, the largest maker of smartphone chips, said the US Federal Trade Commission and European Commission are conducting inquiries related to its licensing and chip businesses. The probes, announced in a filing on Wednesday, follow a previously disclosed investigation by China's antitrust regulator into Qualcomm's business practices.

Chief Executive Officer Steve Mollenkopf is facing mounting challenges in China, the world's largest wireless market and a region that Qualcomm has been counting on to drive growth. As the Chinese government inquiry continues, some phone makers in the country are prolonging royalty negotiations and refusing to pay the company's required fees for using its technology standard, the part of its business that generates the bulk of its profit.

"It's not encouraging," said Stacy Rasgon, an analyst at Sanford C. Bernstein & Co in New York, who has the equivalent of a hold rating on the stock. "I would have thought the US government would have their back given what's going on in China, but apparently not."

The FTC is looking at Qualcomm's licensing division regarding fair and reasonable commitments, while the EU's probe concerns rebates or financial incentives related to its baseband chip business, Qualcomm said in the filing.

The investigations are in the preliminary stages, and it is not unusual for regulatory bodies to follow each others' leads in taking a look at a company, Qualcomm said.

Peter Kaplan, a spokesman for the FTC, declined to comment.

Qualcomm shares dropped as low as $72.20 in extended trading. They had gained less than 1 percent to $77.20 at Wednesday's close in New York, leaving them up 4 percent this year.

For the current fiscal year, which ends next September, Qualcomm predicted net income of $4.33 to $4.63 a share on sales of $26.8 billion to $28.8 billion. That compares with average projections of $4.89 a share in earnings on revenue of $29.1 billion.

Mollenkopf is trying to extend his company's dominance in high-speed Internet-capable phone chips to China as the world's most populous country upgrades its network to the standard known as long-term evolution.

Qualcomm is unique among large technology companies in the amount of profits it gets from licensing. Its ownership of a standard used in most modern phone systems has supplied it with the cash to build itself into one of the world's biggest chipmakers. It also puts the company in the position of seeking to collect fees from phone manufacturers based on the number of phones they sell that use its technology.

That has proved difficult in China, as Qualcomm waits for the results of an investigation announced in November 2013 by the National Development and Reform Commission. The agency, which helps enforce antitrust law, is looking at Qualcomm's licensing business and its interaction with the company's chip unit.

Rocky road ahead for Qualcomm amid multiple probes
Rocky road ahead for Qualcomm amid multiple probes
Qualcomm's value takes $13b hit amid China probe Qualcomm probed for price-fixing in China

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: a在线观看欧美在线观看 | 久久影院在线观看 | 国产成人aa免费视频 | 国产免费观看视频 | 美国一级特黄 | 一区久久 | www.499 | 国产目拍亚洲精品99久久精品 | 日韩一区二区三区在线观看 | 久久电影精品久久99久久 | 国产视频高清在线观看 | 性夜影院爽黄a爽免费看网站 | 91精选国产91在线观看 | 综合二区 | 欧美日韩视频 | 色四虎| 天堂资源在线中文 | 玖玖精品在线观看 | 免费黄色欧美视频 | 国内精品一区二区三区最新 | 日韩欧美亚洲 | 久久久精彩视频 | 亚洲精品在线不卡 | 99亚洲视频 | 国产亚洲精品久久久久久老妇 | 99热久久精品免费精品 | 国产女人与拘做受视频 | 九九久久久 | 国产精品成人免费一区久久羞羞 | 久久久123| 三级免费黄 | 一区二区三区四区精品 | 亚洲欧洲av在线 | 日韩不卡一区二区 | 国产精品亚洲精品日韩已方 | 色欲AV蜜臀AV在线观看麻豆 | 成人性视频免费网站 | 色综合伊人色综合网亚洲欧洲 | 精品久久久久久久久久久久久久久 | 亚洲国产香蕉视频欧美 | 99国产精品自拍 |