On Tuesday, QUALCOMM, Inc. (NASDAQ:QCOM)’s shares inclined 2.62% to $50.88.
Qualcomm Incorporated (QCOM) and Beijing Tianyu Communication Equipment Co., Ltd. (Tianyu), declared that they have reached a new 3G and 4G Chinese patent license agreement. Under the terms of the agreement, Qualcomm has granted Tianyu a royalty-bearing patent license to manufacture and sell 3G WCDMA and CDMA2000 (counting EV-DO), and 4G LTE (counting “3-mode” GSM, TD-SCDMA and LTE-TDD) subscriber units for use in China. The royalties payable by Tianyu are compriseent with the terms of the rectification plan presented by Qualcomm to China’s National Reform and Development Commission.
“Qualcomm is happy to support the growth of Chinese companies such as Tianyu as part of our long-term partnershipwith China’s mobile industry,” said Eric Reifschneider, senior vice president and general manager of Qualcomm Technology Licensing for Qualcomm Incorporated. “This new agreement enables Tianyu to develop, manufacture and sell 3G and 4G devices, greatly enhancing their competitive position in the wireless landscape.”
“Tianyu recognizes Qualcomm as a global technology leader and innovator, and respects the value of the license we have obtained to Qualcomm’s Chinese wireless IPRs,” said Madam Rong Xiuli, CEO of Tianyu. “We are happy to sign this license agreement because it provides us with the opportunity to improve and expand our product offerings in China and certain overseas markets, empowering our users with greater access to advanced wireless services and information.”
QUALCOMM Incorporated develops, designs, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, the United States, and internationally.
Frontier Communications Corp (NASDAQ:FTR)’s shares dropped -0.62% to $4.82. The market capitalization of Frontier Communications Corp (NASDAQ:FTR) is $5.68 billion with the total traded volume of the company is 8.07 million. Turning to market valuation, the Price-to-Sales ratio is 1.03 and the Price-to-Book ratio is finally 0.96. The dividend yield amounts to 8.71 percent and the beta ratio has a value of 0.75.
Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States.
Discover Financial Services (NYSE:DFS)‘s shares surged 0.77% to $54.78. The last trading range of Discover Financial Services (NYSE:DFS) ranges between $54.47 and $54.91. The EPS of the company stands at $4.85. The 52-week range shows that the stock reached higher at $66.70 while its lower range is $50.20 in the last 52-weeks. The average volume of the company is at 3.06 million with the Outstanding Shares of 427.48 million. The market capitalization of the company is $23.41 billion. The Beta of the company stands at 0.97 with the RSI (Relative Strength Index) of 49.30.
Discover Financial Services operates as a direct banking and payment services company in the United States. It operates in two segments, Direct Banking and Payment Services. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, counting private student loans, personal loans, home loans, home equity loans, prepaid cards, and other consumer lending, in addition to deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.
