Qualcomm Inc.’s growth prospects in the world’s largest mobile-phone market may be under threat after China’s National Development and Reform Commission began an investigation related to an anti-monopoly law.
Cisco Systems Inc.’s shares fell 11 percent after the company forecast its first quarterly sales decline in four years, adding to evidence that Chief Executive Officer John Chambers’s turnaround plan is sputtering.
Cisco Systems Inc., the world’s largest maker of computer-networking equipment, gave quarterly profit and sales forecasts that missed analysts’ estimates on sluggish emerging-market demand and weak corporate spending.
Research In Motion Ltd., maker of the BlackBerry smartphone, advanced after three days of declines as some investors speculated the drop caused by the appointment of a new chief executive officer was overdone.
Qualcomm Inc., the biggest maker of chips that run mobile phones, forecast sales and earnings that fell short of analysts’ predictions, signaling consumers may be opting for handsets that are less profitable for the company.