Lakeway, TX -- (SBWIRE) -- 02/22/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Ya-Qin Zhang, chairman of Microsoft Corporation(NASDAQ:MSFT)’s Asia Pacific research and development group on Wednesday at The Wall Street Journal’s Unleashing Innovation conference in Singapore commented “The scale of innovators and the scale of the market will converge and eventually make China a key [innovation] center in the region,” “If you look at the last five years, China has invested in its R&D budget about 2.1% of [gross domestic product]… there’s a lot of activities in innovation,” “Looking at the productivity, measured by patents or products shipped, there’s not much difference between teams in China or in Redmond or in India.”
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He added that Chinese innovators may have to find ways to make cultural adjustments to facilitate greater discussion and debate on how to tackle problems.
QUALCOMM, Inc. (NASDAQ:QCOM) shares fell by 45 cents or 0.69% to close at $64.82 on Thursday following the analyst review of the company posing a new problem for existing players in RF chips Being the biggest player in chips for mobile phones with annual revenues topping $19 billion Qualcomm announced plans for the first time to offer the other variety of chips needed to connect smartphones to cellular networks.
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The set of chips is called RF360 handle signals in the form of analog radio frequency waves amplifying and conditioning the signals and sending them to antennas for transmission.
The only setback is the emergence of LTE which adds many more frequency bands. But Qualcomm says the variety of features in the RF360 combination can handle all those bands–making it possible to essentially design a global LTE phone that can work on any network.
Tavis McCourt, of Raymond James, issued a report Thursday calling it “a Qualcomm bombshell,” and downgraded his ratings on several companies.
Michael Thelander, an analyst with Signals Research who issued an 11-page report on the Qualcomm move Thursday, agreed that Qualcomm is addressing a key technical bottleneck for the industry and moving into a market worth multiple billions of dollars. “It’s a huge business opportunity,” he said.
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