This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Qualcomm Quietly Dominates in Wireless Technologies

NEW YORK (TheStreet) -- Imagine trying to enter a 100-meter race where one competitor is "The Jamaican Lightening Bolt," Usain Bolt.

It doesn't matter how many races you won back in 1998 or 2003: You're 37 years old and you think you're going to beat this 27-year old Olympic gold medal winner today? What are you smoking?

That's the simile I like to use whenever anyone asks me if Intel (INTC) can catch up and surpass the Usain Bolt of wireless and mobile technology, Qualcomm (QCOM).

Don't get me wrong. I respect INTC and it is the 800-pound grizzly bear of microprocessors and computer chips. But like a wrestling match between two bears, it doesn't help if you're older and weigh more.

Intel is trying to get its act together and figure out how to become a major player in the mobile device space with its products. It's barely gotten out of the starting gate.

To make matters worse it hasn't begun to catch up with its British rival ARM Holdings (ARMH).

In fact on Monday ARM announced a deal with Cadence Design Systems (CDNS) in which the companies have signed a definitive agreement for the sale and transfer of Cadence PANTA display controller cores to ARM.

"The agreement enhances the companies' long-standing ecosystem collaboration and strengthens their technical alignment" a press release stated.

Cadence's PANTA family of high-resolution display processors and scaling co-processor IP cores was co-developed in conjunction with ARM and is targeted at advanced multimedia applications for high-end mobile devices with ultra-low power consumption.

ARMH shares closed up over 2% on Tuesday closing at $41.37 and CDNS closed down 20 cents to $13.27.

Pete Hutton, ARMH's executive vice president and general manager, Media Processing Division, explained further in the press release: "Display technology is critical to the mobile consumer's user experience. The addition of the PANTA family of display cores to the ARM product portfolio will help our ecosystem of partners get to market quickly with high-end displays that are fully integrated with ARM's leading Mali graphics and video solutions and protected with ARM TrustZone security."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,978.61 -105.19 -0.62%
S&P 500 1,981.43 -6.55 -0.33%
NASDAQ 4,452.5980 -19.51 -0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs