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

40,437 Shares in NetScout Systems, Inc.  Acquired by A.R.T. Advisors LLC
40,437 Shares in NetScout Systems, Inc. Acquired by A.R.T. Advisors LLC
A.R.T. Advisors LLC Boosts Stake in Spartan Motors Inc
A.R.T. Advisors LLC Boosts Stake in Spartan Motors Inc
A.R.T. Advisors LLC Sells 14,200 Shares of EPAM Systems Inc
A.R.T. Advisors LLC Sells 14,200 Shares of EPAM Systems Inc
Weight Watchers International, Inc.  Shares Sold by A.R.T. Advisors LLC
Weight Watchers International, Inc. Shares Sold by A.R.T. Advisors LLC
Analyzing United Overseas Bank  and Wells Fargo
Analyzing United Overseas Bank and Wells Fargo
Financial Comparison: COLOPLAST A/S/ADR  vs. Its Competitors
Financial Comparison: COLOPLAST A/S/ADR vs. Its Competitors


© 2006-2018 Ticker Report. Google+.