Actual Good News for Qualcomm

For the first time in a very long time, there was some good news for Qualcomm (QCOM). The stock rallied today on news that it reached a licensing deal with Xiaomi, a handset maker in China.

Qualcomm said it had entered into a new 3G and 4G China patent license agreement with Xiaomi, among the world’s fastest-growing smartphone companies and most valuable startups. The Chinese company has, by some estimates, a valuation of $46 billion and has risen to challenge Apple Inc. and Samsung Electronics Co. in China by selling full-featured phones at near cost.

Qualcomm was up as much as 7% today.

Yesterday, Ford (F) reported another good sales month. F-Series sales were up 16%. It was the best month for pickups in eight years. Total sales were up 0.4%. This could be a record year for U.S. auto sales. The old record was set in 2000.

Posted by on December 2nd, 2015 at 3:17 pm


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