Qualcomm (QCOM) Picks Up Israeli-based DesignArt Networks

Qualcomm Incorporated (NASDAQ:QCOM) today announced it has acquired “small cell,” Israeli-based DesignArt Networks.

DesignArt Networks produces things such as small cell modem and system design aimed at cellular base stations and wireless backhaul infrastructures.  It would seem that QCOM is interested in broadening their product portfolio by incorporating DesignArt Networks’ existing system-on-chip (SoC) and software products.

Here’s what QCOM released today regarding the acquisition, “DesignArt and its products will both enhance and accelerate our initiatives to drive increased capacity and coverage in mobile networks,” said Craig Barratt, president of Qualcomm Atheros. “Operators can significantly improve user experience across residential, enterprise and outdoor networks given the greater network efficiencies derived by implementing small cells and heterogeneous networks.”

QCOM views the acquisition also as a way to increase wireless connectivity with DesignArt’s small base stations which require little electricity to operate as they are energy efficient.  One of the reasons why they are so efficient are due to DesignArt’s SoC’s which means less computer chips in a single device.

Shares of QCOM dropped twelve cents to $62.04 per share at the end of Thursday’s trading session.

Latest News

Lomiko Metals Inc  Insider Sells C$14,000.00 in Stock
Lomiko Metals Inc Insider Sells C$14,000.00 in Stock
Investment Analysts’ Recent Ratings Changes for Express Scripts
Investment Analysts’ Recent Ratings Changes for Express Scripts
Weekly Investment Analysts’ Ratings Changes for Novartis
Weekly Investment Analysts’ Ratings Changes for Novartis
SounDAC  Hits Market Capitalization of $736,839.00
SounDAC Hits Market Capitalization of $736,839.00
eBoost   Trading 6.1% Lower  This Week
eBoost Trading 6.1% Lower This Week
Zacks: Analysts Anticipate CIRCOR International, Inc.  Will Announce Quarterly Sales of $309.93 Million
Zacks: Analysts Anticipate CIRCOR International, Inc. Will Announce Quarterly Sales of $309.93 Million


© 2006-2018 Ticker Report