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.
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.
Research In Motion Ltd. has surged 38 percent since August on prospects for its new tablet device. That may be too big a jump given the product is late to a market led by Apple Inc. ’s iPad, say analysts who are cutting ratings.
Cisco Systems Inc. , the largest provider of networking equipment, fell the most in three months in Nasdaq trading after a report showed higher spending on new products eroded its fiscal second-quarter profitability.