Qualcomm (NASDAQ: QCOM) was recently hit with a NT $23.4 billion ($774 million) fine by the Taiwanese Fair Trade Commission (FTC), which claims that the chip maker unfairly manipulated prices and intentionally hampered its competition. This represents the commission's highest ever fine since its inception in 1992, and marks a big setback for the company in Taiwan, its third largest market after China and South Korea.
Analysts expect the ongoing pressure on its licensing business to cause its earnings to fall 6% this year and another 18% next year. If more governments fine Qualcomm and OEMs follow Apple's lead and suspend their royalty payments, those bleak estimates could still be too optimistic. That bottom decline could eventually cripple its dividend, since its payout ratio soared as its earnings fell:
Leo Sun, The Motley Fool
Motley FoolOctober 14, 2017
For rest of 2017, will be selling either stocks and/or options, per above information. Please do further research, if you are buying/selling Qualcomm.
*At this time, I expect $45.00 will be next resistance, per higher time frames of weekly charts. Good luck
Analysts expect the ongoing pressure on its licensing business to cause its earnings to fall 6% this year and another 18% next year. If more governments fine Qualcomm and OEMs follow Apple's lead and suspend their royalty payments, those bleak estimates could still be too optimistic. That bottom decline could eventually cripple its dividend, since its payout ratio soared as its earnings fell:
Leo Sun, The Motley Fool
Motley FoolOctober 14, 2017
For rest of 2017, will be selling either stocks and/or options, per above information. Please do further research, if you are buying/selling Qualcomm.
*At this time, I expect $45.00 will be next resistance, per higher time frames of weekly charts. Good luck