Qualcomm (NASDAQ:QCOM) announced that it has acquired two chip companies, one in the WiFi space and one in Bluetooth. The move would appear to put QCOM in competition with Intel for a piece of the wireless chip business.
Qualcomm's stock has been battered by concerns over antitrust actions due to the royalties it charges cellular phone makers. The stock is down from $53 in May to about $36 today. There has also been significant concern that new wireless technologies like the WiMax standard supported by Intel, Samsung, Motorola, and Sprint could damage Qualcomm's current lock on the broadband cell industry.
source: BloggingStocks.com
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