The deal was announced quietly -- the official statement was only 98 words in length -- and gives the former, the world's most valuable semiconductor company, a more formidable position in mobile intellectual property and the latter, a technology giant seeking a third act, a presumably sizable infusion of cash. (The purchase price was not publicly disclosed.)
The portfolio includes patents from Palm, the fabled PDA company, as well as the iPAQ pocket PC project and Bitfone, the mobile device management company acquired by HP in 2006. About 1,400 patents and pending applications are from the U.S., and about 1,000 patents and pending applications are from other countries, mostly pertaining to core mobile operating system techniques.
Which is precisely why Qualcomm is interested. For all of its successes in the growing mobile device business, about two-thirds of the company's profits actually come from its wireless technology licensing business. Qualcomm collects royalties on nearly every modern smartphone sold on the market today. The addition of HP's patents strengthens that business even more, giving it additional income to reinvest in new businesses and keep ahead of rival Intel (INTC).
The tech giant can say 'thanks' for a solid quarter, but questions about the long term plan still remain.
FORTUNE—Hewlett-Packard (HPQ) has plenty to be thankful for this holiday weekend. The company's fourth-quarter results, reported earlier this week, came in better than expected. HP's revenue for the quarter, $29.1 billion, beat Wall Street analysts' projections, as did earnings. As a result, shares of the company soared nearly 10% the day after MOREMichal Lev-Ram, writer - Nov 29, 2013 3:00 PM ET
Now that HP's going to be dropped from the Dow, it's time to reevaluate what to do with the aging tech giant.
FORTUNE -- What would you do if it fell to you to turn around Hewlett-Packard (HPQ)?
It's a bit of a trick question that a number of skilled and experienced CEOs have had to answer in the past decade or so, and most of them came up with the wrong MOREKevin Kelleher - Sep 13, 2013 10:32 AM ET
How NASCAR is using social listening technology to bolster its brand.
By Miles Raymer
FORTUNE -- Inside NASCAR's Charlotte, N.C., headquarters, on the eighth floor where its digital group is housed, is a 500-square-foot room packed with monitors that during races display not only the action on the track but the reactions from fans on social media networks. Other monitors show graphs offering real-time analysis of the deluge of tweets and Facebook posts MOREAug 26, 2013 9:24 AM ET
The Chinese tech company is one of the biggest companies in the world.
FORTUNE -- As widely expected, China's Lenovo this week emerged as the world's top purveyor of personal computers, according to new reports from two research firms. Both Gartner and IDC say Lenovo's market share in the second quarter of 2013 hit 16.7%. Lenovo unseats longtime No. 1, Hewlett Packard, whose share fell to 16.3%, Gartner says.
Lenovo had another MOREStephanie N. Mehta, Deputy Managing Editor - Jul 11, 2013 7:48 AM ET
Lenovo is the single PC manufacturer that is doing well. And even that company's worldwide sales are flat.
FORTUNE -- Let's say the definition of "PC" is the same one we applied five years ago, before tablets. By that definition, the market seems to be collapsing.
Shipments of PCs in the first quarter fell by 13.9% from the same quarter in 2012. The forecast decline had been 7.7%, according to International Data MOREDan Mitchell, contributor - Apr 11, 2013 2:44 PM ET
Using the 2010 HP campaign as a template to measure the damage Apple might suffer.
FORTUNE -- Citi's Glen Yeung on Monday tried to put a dollar figure on the potential cost to Apple (AAPL) of China's state-sponsored propaganda campaign, now entering its third week.
Apple, he points out, is not the first foreign company to be targeted by the People's Republic. YUM brands (part of KFC) saw sales fall 20% year over MOREPhilip Elmer-DeWitt - Apr 1, 2013 11:29 AM ET
Also: Why HP should have listened to its CFO; is Foursquare overvalued?
HP should have listened to its CFO [FORTUNE]
As Fortune wrote in its May cover story How Hewlett-Packard lost its way:
"...with no warning to Apotheker, Lesjak made an impassioned case against the acquisition before the board. "I can't support it," she told the directors, according to a person who was present. "I don't think it's a good idea. I don't think we're ready. I think it's MOREJP Mangalindan, Writer - Nov 21, 2012 5:30 AM ET
Why can't the two leading PC market tracking firms get their acts together?
FORTUNE -- In separate reports on the state of the worldwide personal computer market issued Wednesday, Gartner and IDC agreed about one thing: The quarter that ended in June was a miserable one for traditional PC vendors.
Gartner called the market "flat." IDC's term was "stalled." Both reported a decline in global shipments of 0.1%. Both attributed it to MOREPhilip Elmer-DeWitt - Jul 11, 2012 7:00 PM ET
How Sean Parker bumbled his new startup's launch; HP CEO Meg Whitman opens up.
Airtime makes an awkward first impression [FORTUNE]
The company aims to offer frictionless video networking that allows you to chat with your existing friends or with strangers based on location or interests you share on Facebook. Like predecessor Chatroulette.com, it's easy to switch to a new chat partner, but unlike that service, which became known for its shock MOREJP Mangalindan, Writer - Jun 6, 2012 1:04 PM ET
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