Qualcomm Incorporated (NASDAQ: QCOM), a leading wireless technology solution provider, recently announced a quarterly cash dividend of $0.19 per common share. The dividend will be payable on September 24, 2010.
Qualcomm has been flooded with good news for past few days. FLO TV, a wholly owned subsidiary of Qualcomm, announced that soccer fans across the United States are flocking to FLO TV to watch ESPN’s live coverage of the 2010 FIFA World Cup™. The increase in viewership validates FLO TV’s strategy of programming live sports and breaking events, allowing consumers to stay connected on the go. FLO TV has set several new service viewership records, with three of the games now ranking among FLO TV’s most-viewed programs and average viewership spiking to 41 minutes on June 22 driven by the Mexico-Uruguay game. While its product marketing strategy is attracting more customers, its superior human resource policy has taken it to further heights.
The company has been featured in the ‘Best Workplaces 2010’ study in India for fourth time consecutively. Conducted by the Great Places to Work® Institute and The Economic Times, the workplace study is India’s largest with more than 400 participating companies. Additionally, Qualcomm retained its rank as the No. 1 telecom company for three years in a row.
It is not only India, but other countries in Asia-Pacific region where the company is strengthening its position. The company recently signed a non-binding MOU with FAR EASTONE to explore the creation of a broadcast mobile media operator using MediaFLO technology in Taiwan. FAR EASTONE is one of the largest mobile network operators in Taiwan, where pay TV penetration has reached over 81 percent.
Another good news is that five leading telecom hardware companies have begun developing products based on Qualcomm’s expanded portfolio of 3G/4G solutions with a common Gobi™ application programming interface (API). These new connectivity solutions will be beneficial in bringing mobile connectivity to new categories of devices.
Amidst all these developments, the stock price of Qualcomm has been on a run for last few days. The stock gained roughly 1% Thursday, continuing to move up in Friday’s early trading at $34.03.
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BeaconEquity.com is committed to producing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily OTC stocks in the stock market today, which have traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.
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