On Wednesday, QUALCOMM, Inc. (NASDAQ:QCOM)’s shares declined -0.92% to $50.41.
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 consistent 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 partnership with 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.
Dow Chemical Co (NYSE:DOW)’s shares dropped -2.14% to $51.66. The last trading range of Dow Chemical Co (NYSE:DOW) ranges between $51.33 and $52.56. The EPS of the company stands at $3.66. The 52-week range shows that the stock reached higher at $57.10 while its lower range is $35.11 in the last 52-weeks. The average volume of the company is at 13.33 million with the Outstanding Shares of 1.16 billion. The market capitalization of the company is $61.16 billion. The Beta of the company stands at 1.62 with the RSI (Relative Strength Index) of 50.17.
The Dow Chemical Company manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide. It operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments.
E I Du Pont De Nemours And Co (NYSE:DD)‘s shares dipped -0.36% to $67.33. E I Du Pont De Nemours And Co (NYSE:DD) is now worth about $59.22 billion. The share price has made a 6.2% gain in the past 5 days and has lost -8.94% since 2015 kicked off. Analysts are forecasting EPS growth of 3.08% for next fiscal year and 2.07% growth in the next 5 years. The stock trades with a beta of 1.73. The stock price is above by 10.08% as contrast to the average price over the last 200 days. The company has 39.50% gross margins.
E I. du Pont de Nemours and Company operates as a science and technology based company worldwide. The company’s Agriculture segment offers corn hybrid, soybean, canola, sunflower, sorghum, inoculants, seed products, wheat, rice, herbicides, fungicides, and insecticides. Its Electronics & Communications segment provides various materials and systems, counting photopolymers and electronic materials for photovoltaic products, consumer electronics, displays, and advanced printing.