Touchscreen specialist Synaptics (SYNA) was down 5% after a series of new product announcements early Monday, and Sterne Agee analyst Vijay Rakesh thinks he knows why. Rakesh noted that Qualcomm (QCOM) had also rolled out some new products, notably a 3D ultrasonic fingerprint biometric technology called Snapdragon Sense, which will compete with Synaptics’ Capacitive technology. “We believe (the) key will be getting comparable accept/reject
Qualcomm (QCOM) announced late Monday that it’s reached a resolution with China’s government that requires it to pay a $975 million fine and meet certain licensing requirements to settle a 14-month investigation into its business practices. The San Diego-based chipmaker said in a press release that it reached the agreement with China’s National Development and Reform Commission (NDRC), and that it would not contest the deal in court. In the
Qualcomm (QCOM) faces a $1 billion fine and possible royalty reductions to resolve a 14-month investigation by Chinese anti-monopoly authorities, according to a Reuters report, but that outcome might be better than many investors expected. Qualcomm is likely to pay China a record fine of around $1 billion, which would end a 14-month investigation by China’s National Development and Reform Commission (NDRC) into alleged anti-competitive practices,