A lawsuit was filed on behalf of investors in QUALCOMM, Inc. (NASDAQ:QCOM) shares over alleged securities laws violations and NASDAQ:QCOM investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 01/06/2016 --A shareholder in QUALCOMM, Inc. (NASDAQ:QCOM) filed a lawsuit in California over alleged violations of Securities Laws by QUALCOMM, Inc.

Investors who purchased shares of QUALCOMM, Inc. (NASDAQ:QCOM) have certain options and for certain investors are short and strict deadlines running. Deadline: January 29, 2016. QUALCOMM, Inc. (NASDAQ:QCOM investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The plaintiff claims that between November 6, 2014 and July 22, 2015 the defendants made false and/or misleading statements and/or failed to disclose that the Company was experiencing weaker-than-expected sales of devices that included the Company's products and, as a result, the Company's statements about its business, operations, and prospects lacked a reasonable basis.

On July 22, 2015, QUALCOMM, Inc announced its third-quarter fiscal 2015 results and lowered its sales and earnings forecasts due, in part, to weaker-than-expected original equipment manufacturer sales of devices that included the Company's products. Qualcomm explained on the earnings call discussing these results that it had an inventory build-up of chips. Shares of QUALCOMM, Inc. (NASDAQ:QCOM) declined on July 23, 2015 to as low as $60.83 per share.

On November 4, 3015 QUALCOMM, Inc announced its fourth quarter and fiscal 2015 results. QUALCOMM, Inc announced that its Total Revenue declined from over $26.48 billion for the 12 months period that ended on September 28, 2014 to over $25.28 billion for the 12 months period that ended on September 27, 2015 and that its Net Income for those respective time periods declined from over $7.96 billion to over $5.27 billion. Shares of QUALCOMM, Inc. (NASDAQ:QCOM) declined to as low as $49.92 per share on November 5, 2015, respectively $47.52 per share on November 18, 2015.

Those who purchased shares of QUALCOMM, Inc. (NASDAQ:QCOM) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com