Nokia Corporation (NOK) and QUALCOMM Incorporated (QCOM) Eye Catching Move in Focus


Nokia Corporation (NYSE:NOK) stock shows declines of -0.73% and traded at a price of $4.74 in preceding trading session.

Union Minister Ravi Shankar Prasad Sunday declared that the Nokia facility at Sriperumbudur near Chennai, was left like an “orphaned child” and the Centre was “on the job” to make it operational.

Finland-based Nokia had provided jobs to 8,000 people when the facility, which produced mobile phones in Sriperumbudur was functioning with full capacity. The factory was left out of the $7.2 billion (roughly Rs. 46,092 crores) deal that was signed between Microsoft and Nokia in 2014.

“The Nokia facility was left as an orphaned child. I tried my best… You know Microsoft took over Nokia but left the Nokia plant (due to double) taxing issue,” the Minister for Law and Justice, Electronics and Information Technology said. “We are trying to work it out,” he told reporters at a CII organised event Chennai.

Elaborating further, he said, “We (the government) were on the job… We tried with one-two companies.. It did not work out.. Let me concretise and then disclose it to you… But, we are on the job (to make it operational).”

Its 52-week range quite noticeable, lower range was $5.44% and hit highest level of $-28.65%. The overall volume in the last trading session was 5.87 Million shares. The liquidity position of firm is on noticeable level, as its current ratio was calculated as 1.60 at the same time as its debt to equity ratio stands at 0.25.

Shares of QUALCOMM Incorporated (NASDAQ:QCOM) at the time when day-trade ended the stock finally slightly up 0.11% to close at $64.37. Joining the race towards building self-driving cars, worldwide chip manufacturer Qualcomm (QCOM) has begun testing its self-driving chipset technology in California.

California’s Department of Motor Vehicles has issued the permit to Qualcomm for testing its technology, according to a CNBC report. The chip maker has now started testing vehicles equipped with its technology in San Diego County, the report added.

Nvidia and Samsung previously received permits to test self-driving cars in California. “We certainly expect to be a key player in the autonomous space,” NakulDuggal, Vice President of Product Management for Automotive at Qualcomm, was quoted as saying. Qualcomm in September reported “9150 C-V2X” chipset that lets cars communicate with other cars, as well as with infrastructure like traffic lights.

The C-V2X technology encompasses two transmission modes of direct communications and network-based communications, which are designed to serve as key features for safety conscious and autonomous driving solutions.

The volatility tends to amount of risk or uncertainty about size of changes in a security’s value; a higher volatility denotes that a security’s value can potentially be spread out over a larger range of values. The price volatility of QCOM was 1.22% for a week and 1.62% for a month as well as price volatility’s Average True Range for 14 days was 1.03. Shares price isolated positively from its 50 days moving average with 3.82% and remote positively from 200 days moving average with 14.09%.


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