On Monday, Shares of QUALCOMM, Inc. (NASDAQ:QCOM), SUBTRACT -0.78% and closed at $65.19 in the last trading session. QCOM stock opened its last trade at $65.53 and after floating in a range of $65.09 to $65.71. The company’s Market capitalization is $96.07 Billion with the total Outstanding Shares of 1.47 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $42.24 and reached to max level of $70.40. Qualcomm Incorporated (QCOM) recently declared that its partner, Qualcomm Technologies, Inc., introduced three new Qualcomm® Snapdragon™ processors aimed at supporting improved user experiences and connectivity for high performance and high volume mobile devices. The new Snapdragon 653, Snapdragon 626 and Snapdragon 427 processors are designed to deliver higher levels of processing performance than their predecessors. All three new processors are designed to support Qualcomm® Quick Charge™ 3.0 technology, designed to deliver power up to 4X faster contrast to traditional charging methods. In addition, support for dual camera has been extended from the Snapdragon 800 tier to the Snapdragon 600 and 400 tiers, for clear imaging and photos across a wider variety of photo capture scenarios, to further enhance consumer experiences.
Each chipset supports the following modem features:
- X9 LTE, with Cat 7 downlink speeds up to 300Mbps, and Cat 13 uplink speeds up to 150Mbps, designed to provide users with a 50 percent increase in maximum uplink speeds over the X8 LTE modem.
- LTE Advanced Carrier Aggregation with up to 2×20 MHz in the downlink and uplink
- Support for 64-QAM in the uplink
- Superior call clarity and higher call reliability with the Improved Voice Services (EVS) codec on VoLTE calls.
International Business Machines Corp. (NYSE:IBM), jumped 0.21% and closed at $154.77 in the last trading session. IBM stock opened its last trade at $154.45 and after floating in a range of $154.34 to $155.89. The company’s Market capitalization is $148.64 Billion with the total Outstanding Shares of 955.84 Million. During the 52-week trading session the minimum price at which share price traded, registered at $116.90 and reached to max level of $165.00. IBM (IBM) recently declared third-quarter 2016 earnings results.
“IBM’s third-quarter performance, led by continued double-digit growth in our planned imperatives, is a testament to our leadership in cognitive solutions and cloud,” said Ginni Rometty, IBM chairman, president and chief executive officer. “Our ability to apply deep expertise and breakthrough technology, led by Watson and the IBM Cloud, to massive amounts of data is enabling us to build new markets and transform industries. Whether it is banks implementing IBM blockchain solutions, hospitals leveraging Watson to fight cancer, or retailers using cognitive apps built on the IBM Cloud to transform the customer experience, clients across all industries are tapping into a new kind of innovation value from IBM.”
“Throughout the year, we have continued to invest where we see the greatest opportunities to create new markets and strengthen our enterprise IT leadership position,” said Martin Schroeter, IBM senior vice president and chief financial officer. “This has included more than $12 billion across capital expenditures, R&D and acquisitions so far this year. At the same time, we have returned more than $6 billion to shareholders through dividends and share repurchases.”
Third-quarter revenues from the company’s planned imperatives — cloud, analytics, mobility and security — raised 16 percent year to year (up 15 percent adjusting for currency). Cloud revenues (public, private and hybrid) for the quarter raised 44 percent (up 42 percent adjusting for currency). Cloud revenue over the trailing 12 months was $12.7 billion. The annual run rate for cloud as-a-Service revenue — a subset of total cloud revenue — raised to $7.5 billion from $4.5 billion in the third quarter of 2015. Revenues from analytics raised 15 percent (up 14 percent adjusting for currency). Revenues from mobile raised 19 percent and revenues from security raised 11 percent.