Telco/Internet specialist

Kirk Boodry

Redex Research

Equity Bottom-Up

<ul>
<li>ARM is suing Qualcomm for breach of license and trademark infringement for its acquisition of (fellow ARM licensee) Nuvia last year</li>
<li>This is surprising on a number of levels as having Qualcomm inside the tent is better for sales, market share and its neutral-player reputation</li>
<li>ARM's valuation benefits from perceptions of an expanding addressable market so this is not a good look.  Meanwhile, Softbank's discount to NAV is widening again as tech valuations fall</li>
</ul>


ARM is suing Qualcomm for breach of license and trademark infringement for its acquisition of (fellow ARM licensee) Nuvia last year
This is surprising on a number of levels as having Qualcomm inside the tent is better for sales, market share and its neutral-player reputation
ARM's valuation benefits from perceptions of an expanding addressable market so this is not a good look.  Meanwhile, Softbank's discount to NAV is widening again as tech valuations fall


Softbank Group - ARM Suing a Key Customer Is Not the Summer News We Expected

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Qualcomm has been delivering a particularly robust performance in both its licencing and chipset businesses.</li><li>These were the biggest drivers for the company delivering an all-around beat in the previous quarter.</li><li>The effectiveness of their diversification approach was evident in their chipset business, where $9.4 billion in revenues were up 45% year over year, with a robust performance from IoT and automotive sctors.</li></ul>

Qualcomm has been delivering a particularly robust performance in both its licencing and chipset businesses.These were the biggest drivers for the company delivering an all-around beat in the previous quarter.The effectiveness of their diversification approach was evident in their chipset business, where $9.4 billion in revenues were up 45% year over year, with a robust performance from IoT and automotive sctors.

Qualcomm Incorporated: The Cellwize Acquisition & Other Developments

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/bharat-fih" target="_blank" data-smartkarma-citation="entities:36101:1" rel="noopener">Bharat FIH (BFIH IN)</a> is India's largest Electronic Manufacturing Services (EMS) provider and the largest mobile phone manufacturing and assembly services provider to <a href="https://www.smartkarma.com/entities/xiaomi-corp" target="_blank" data-smartkarma-citation="entities:24409:1" rel="noopener">Xiaomi Corp (1810 HK)</a>. </li>
<li>It has received Sebi approval for an IPO to raise Rs50,038 million (US$625 million), split equally between a primary and secondary raise. The offer will launch in August. </li>
<li>The fundamentals are challenged due to its reliance on Xiaomi, market share pressure, glacial revenue diversification, low margin and cash burn. We would pass on the IPO.</li>
</ul>



Bharat FIH (BFIH IN) is India's largest Electronic Manufacturing Services (EMS) provider and the largest mobile phone manufacturing and assembly services provider to Xiaomi Corp (1810 HK). 
It has received Sebi approval for an IPO to raise Rs50,038 million (US$625 million), split equally between a primary and secondary raise. The offer will launch in August. 
The fundamentals are challenged due to its reliance on Xiaomi, market share pressure, glacial revenue diversification, low margin and cash burn. We would pass on the IPO.


High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

Thematic (Sector/Industry)

<ul><li>The second quarter earnings season officially kicked off last week with financials getting things started. </li><li>Earnings season will pick up this upcoming week with key reports expected from notable names like Bank of America, Tesla, Netflix, Johnson &amp; Johnson, and Capital One. </li><li>We already know that inflation in the form of rising input costs like energy and labor will eat into profit margins and earnings. </li></ul>

The second quarter earnings season officially kicked off last week with financials getting things started. Earnings season will pick up this upcoming week with key reports expected from notable names like Bank of America, Tesla, Netflix, Johnson &amp; Johnson, and Capital One. We already know that inflation in the form of rising input costs like energy and labor will eat into profit margins and earnings. 

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Yuan / In Depth: Behind the yuan’s tumble against the dollar</li><li>Juvenile / China seeks to prevent sealed juvenile criminal records from being leaked</li><li>Carbon / China lays out fiscal tools to reach carbon neutrality by 2060</li></ul>

Yuan / In Depth: Behind the yuan’s tumble against the dollarJuvenile / China seeks to prevent sealed juvenile criminal records from being leakedCarbon / China lays out fiscal tools to reach carbon neutrality by 2060

CX Daily: Behind the Yuan’s Tumble Against the Dollar

United States

QUALCOMM, Inc . manufactures digital wireless communications equipment.  The Company licenses its code division multiple access (CDMA) and orthogonal frequency division multiplexing access intellectual property to other companies, and produces CDMA-based integrated circuits; and produces equipment and software used to track workers and assets; and software for wireless content enablement.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Qualcomm Inc (QCOM US)

Softbank Group - ARM Suing a Key Customer Is Not the Summer News We Expected

ARM's relationship with Qualcomm sure has changed over the last 2-3 months adding uncertainty to how an eventual IPO would be valued

Kirk Boodry

Qualcomm Incorporated: The Cellwize Acquisition & Other Developments

Qualcomm has been delivering a particularly robust performance in both its licencing and chipset businesses. These were the biggest drivers for...

Baptista Research

Bharat FIH IPO: Rife with Bottlenecks

The fundamentals are challenged due to its reliance on Xiaomi, market share pressure, glacial revenue diversification, low margin and cash burn. We...

Arun George

Weekly Stock Bullfinder - Week of 7/18

Earnings season will pick up this upcoming week with key reports expected from notable names like Bank of America, Tesla, Netflix, Johnson &...

Weekly Stock Bull Finder

CX Daily: Behind the Yuan’s Tumble Against the Dollar

Yuan / In Depth: Behind the yuan’s tumble against the dollar. Juvenile / China seeks to prevent sealed juvenile criminal records from being leaked

Caixin Global

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)