Qualcomm (QCOM) ended July with a bang. The semiconductor giant saw out the month by posting an estimate beating FQ3 report. Exuberant investors sent shares up by a mighty 20% in the following sessions, resulting in Qualcomm stock notching a new all-time high.While the results bought in beat both for the top and bottom line, the Street’s most buoyant reaction was reserved for a surprise not reflected in the quarter’s balance sheet.The news Qualcomm had signed a long-term patent licensing agreement with Chinese telecom giant Huawei sent ripples of excitement across the Street. Add into the mix the $1.8 billion …read more
Source:: Yahoo Finance
