|Bid||177.20 x 300|
|Ask||177.22 x 200|
|Day's range||176.73 - 179.39|
|52-week range||118.22 - 179.39|
|PE ratio (TTM)||19.21|
|Earnings date||1 Feb 2018|
|Forward dividend & yield||2.52 (1.42%)|
|1y target est||186.87|
Ten years ago today, Steve Jobs triumphantly held up a manilla interoffice mail envelope to a round of applause at the Moscone Convention Center in San Francisco.
It was the first time Qualcomm raised the buyback as an alternative to buying NXP, as the deal faces strong opposition from NXP shareholders. "With tax reform, we are well positioned to complete a large stock buyback that will deliver essentially the same level of accretion to Qualcomm stockholders as if we had closed NXP," Qualcomm Chief Financial Offer George Davis said in a webcast. This has prompted companies such as Qualcomm to think about tapping overseas cash in new ways.
After five years of rapid growth, technology companies are expected to issue less debt in 2018 as they start to bring some of the cash parked overseas back to the U.S.
At the Credit Suisse 21st Annual Technology, Media & Telecom Conference, PayPal (PYPL) chief financial officer John Rainey discussed a wide range of issues, including payment digitization. Rainey cited secular trends in the payment market to show that PayPal may have tremendous growth opportunities ahead. Rainey discussed the shift to mobile and the growing number of consumers starting their shopping trips on mobile devices.
Recent changes to the U.S. tax code will result in Apple bringing a boatload of cash back from abroad. What will the company likely do with it?
Stocks marched to new highs Tuesday as Merck, Apple and Microsoft boosted the Dow. But Bitcoin dived.