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Archive for April 26th, 2013

Energy from Waste: Modern Plants and Increased Revenues to Boost Investments, says Frost & Sullivan

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Collaboration between waste management and energy companies is crucial for improved efficiency

LONDON, April 25, 2013 /PRNewswire/ — Concerns on the growing volumes of municipal solid waste (MSW), the decreasing capacity of landfill sites, and the considerable rise in resource consumption will help sustain investments in the European waste to energy (WTE) plant market. European Union legislations and country-specific regulations have further encouraged the setting up of WTE plants in the region.

New analysis from Frost & Sullivan (http://www.environmental.frost.com), European Waste to Energy Plant Market, finds that the market earned approximately $4.22 billion in 2012 and estimates this to reach $4.94 billion in 2016.

“Waste treatment companies are gradually diverting MSW from landfill sites to use in energy generation owing to regulations on limiting landfills and incentives for lower carbon emissions,” saidFrost & Sullivan Energy and Environmental Research Analyst Monika Chrusciak. “The conversion of waste to renewable energy through the application of thermal treatment technologies – increasingly viewed as an attractive solution for waste management – reduces operational costs as well.”

Despite these benefits, the high initial costs of WTE treatment solutions may deter potential investors. Furthermore, in the past there was a strong public opposition to the installation of new WTE plants due to their potential harmful effects on people in the neighbourhood, which was major challenge for further market development.

Nevertheless, WTE is gaining acceptance as manufacturers are building modern units that lower air pollution. New plants comply with the emission levels established by local legal requirements, operate for longer times, and generate better revenue opportunities than landfill sites.

“Incorporating thermal treatment solutions can help waste management companies turn waste material with limited recycling value into a valuable resource,” noted Chrusciak. “This will create a range of opportunities for vendors in the region providing innovative, cost-effective, and environmentally friendly technologies.”

Collaboration among waste management and energy companies to build integrated solutions with separation, incineration and air pollution cleaning segments that lower emission levels, maximise plant performance, and guarantee returns will be crucial for market expansion in Europe.

If you are interested in more information on this research, please send an e-mail to Chiara Carella, Corporate Communications, at chiara.carella@frost.com, with your full name, company name, job title, telephone number, company e-mail address, company website, city, state and country.

European Waste to Energy Plant Market is part of the Environmental Growth Partnership Service program. Frost & Sullivan’s related research services include: Global Opportunities in the Waste Electrical and Electronic Equipment (WEEE) Recycling Services Market, Brazilian Power Generation from Municipal Solid Waste Market, Municipal Waste to Energy Market, and Growth Opportunities in the Polish Waste Management Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value      Proposition provides support to our clients throughout all phases of their journey to      visionary innovation including: research, analysis, strategy, vision,      innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs      the foundation upon which visionary innovation becomes possible. This      includes our 360 degree research, comprehensive industry coverage, career      best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion Join Us: Join our community Subscribe: Newsletter on “the next big thing” Register: Gain access to visionary innovation

European Waste to Energy Plant Market M8EE-15

Contact: Chiara Carella Corporate Communications – Europe P: +44 (0) 20 7343 8314 M: +44 (0) 753 3017689 E: chiara.carella@frost.com

http://www.frost.com

           

Source: Frost & Sullivan

Written by asiafreshnews

April 26, 2013 at 3:46 pm

Posted in Uncategorized

UBM plc and UBM Sinoexpo Donate Two Large Tents in Support of Ya’an Earthquake Relief in China

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BEIJING, April 25, 2013 /PRNewswire/ — In response to the magnitude 7.0 earthquake on 20 April that hit Lushan County in Ya’an city, Sichuan Province in China, UBM plc and its major divisions in China, UBM Asia and UBM Asia’s JV company, UBM Sinoexpo, took immediate action to help aid the people affected by this tragic event: donating two large tents (equivalent to RMB150,000 or USD24,300) as emergency relief efforts.

The first 180 square metres tent was built near the Temporary Emergency Center in Tian Quan County on 24 April for homeless people in the earthquake
The first 180 square metres tent was built near the Temporary Emergency Center in Tian Quan County on 24 April for homeless people in the earthquake
The first 180 square metres tent was built near the Temporary Emergency Center in Tian Quan County on 24 April for homeless people in the earthquake
The first 180 square metres tent was built near the Temporary Emergency Center in Tian Quan County on 24 April for homeless people in the earthquake

The devastating earthquake impacted at least 2.31 million people in Sichuan Province. The China Earthquake Administration reported 196 dead, 21 missing and 11,470 injured (as of 24 April 2:30pm). Many houses have collapsed and electricity has been cut off. With thousands of aftershocks and blockage of roads to the disaster areas, the number of casualties is expected to rise.

Tens of thousands of people lost their homes after the earthquake and have been compelled to live on the streets. As a major exhibition organiser who uses tents for various exhibitions, UBM saw a way to use its business expertise to offer immediate and direct help. UBM and UBM Sinoexpo arranged contractors to set up two 180 square metres tents in the disaster areas. The first tent was built near the Temporary Emergency Center in Tian Quan County on 24 April; another one will be built today (25 April) near the PLA No.37 Hospital in Ya’an County. The tents serve as temporary shelters for the homeless people, an important step in helping them get back to set their lives in order.

UBM has over 1,000 personnel working in China in all of its divisions and joint ventures, with offices throughout China — including one in Chengdu — and is relieved to confirm that all its employees are safe.

“UBM’s employees in China and throughout the world send our heartfelt condolences to the victims of the earthquake and our hopes that the people in the affected areas can have a quick recovery,” says Philip Chapnick, UBM’s Group Chief Representative for China. In addition to the direct assistance in the form of tents, UBM’s main operating division in China, UBM Asia together with its subsidiaries and JV companies in China are also making it easy for employees to donate to a fund that will be distributed to various local and international non-profit organisations to further extend assistance to earthquake victims.

Notes to Editors

1. About UBM Asia (www.ubmasia.com)
Owned by UBM plc listed on the London Stock Exchange, UBM Asia is Asia’s leading exhibition organiser and the biggest commercial organiser in mainland China, India and Malaysia. Established with its headquarters in Hong Kong and subsidiary companies across Asia and in the US, UBM Asia has a strong global presence in 25 major cities with 30 offices and over 1,200 staff.

With a track record spanning over 30 years, UBM Asia operates in 19 market sectors with 160 dynamic face-to-face exhibitions, 75 high-level professional conferences, 28 targeted trade publications, 18 round-the-clock vertical portals and virtual event services for over 1,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world. We provide a one-stop diversified global service for high-value business matching, quality market news and online trading networks.

UBM Asia has extensive office networks in China, Southeast Asia and India, three of the world’s fastest growing B2B events markets. UBM China has 11 offices in the major cities in mainland China, including Beijing, Shanghai, Guangzhou, Hangzhou, Chengdu and Shenzhen, where we organise more than 60 exhibitions and conferences. In ASEAN, UBM Asia operates from its offices in Malaysia, Thailand, Indonesia, Singapore, Vietnam and the Philippines with over 50 events in this region. UBM India teams in Mumbai, New Delhi, Bangalore, Chennai and Hyderabad organise 20 exhibitions and 60 conferences every year across the country.

2. About UBM plc (www.ubm.com)
UBM plc is a leading, events-led, global business media company. We inform markets and bring the world’s buyers and sellers together at events, online, in print and provide them with the information they need to do business successfully. Our 6,500 staff in more than 30 countries are organised into specialist teams which serve commercial and professional communities, helping them to do business and their markets to work effectively and efficiently.

For more information, go to www.ubm.com; follow us on Twitter at @UBM_plc to get the latest UBM news.

For press enquiries, please contact:

Jennifer Law, Director of Corporate Marketing & Communications, UBM Asia
Tel: +852 2516 1691
Fax: +852 3749 7342
Email: Jennifer.Law@ubm.com

Elsie Hui, Corporate Marketing & Communications Executive, UBM Asia
Tel: +852 2516 1679
Fax: +852 3749 7342
Email: Elsie.Hui@ubm.com

Source: UBM Asia

Written by asiafreshnews

April 26, 2013 at 3:15 pm

Frost & Sullivan: Concern for Food Safety Compels Development of Food Antimicrobial Coating Technology

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— Preference for natural antimicrobials over synthetic ones is increasing

MOUNTAIN VIEW, Calif., April 25, 2013 /PRNewswire/ — Technological advancements have widened the potential of antimicrobial food coatings. These have enabled them to reduce the need for several packaging layers, satisfy the increasing requirements of food safety and quality, and extend the shelf-life of food, especially ready-to-eat food and perishables.

New analysis from Frost & Sullivan (http://www.technicalinsights.frost.com ), Advances in Food Antimicrobial Coatings, finds that polysaccharides, bacteriocins, essential oils, enzymes, proteins and lipids are widely used as natural antimicrobials, although several technical challenges need to be addressed to ensure their adoption across all sub-segments of food preservation.

If you are interested in more information on this study, please send an e-mail to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

“The use of functional food ingredients as active agents in food antimicrobial coatings will increase due to a growing focus on food safety and standards, and end-user preference for natural ingredients,” said Frost & Sullivan’s Technical Insights Research Analyst Aarthi Janakiraman. “However, the use of metallic ions and synthetics will remain prolific caused by the gap between research efforts pertaining to the development of natural extracts and their commercial use, such as antimicrobials.”

The development of targeted antimicrobial food coating is also crucial to ensure adoption of these coatings, as strict regulatory and industrial approval processes and the emerging concept of additive-free food products challenge the technology’s acceptance.

Antimicrobial food coating developers need to implement efficient management strategies to leverage their technologies. In-house research and development will facilitate the design of products that are in line with the company’s mission and vision, and will enhance the ability to react quickly to market requirements. Strategic partnerships will aid start-ups to raise funds for infrastructure and manufacturing facilities, and encourage innovation.

“Technology licensing is an ideal way to utilize the innovative platforms developed by universities and small companies,” said Janakiraman. “Licensing will enable quicker commercialization through market agreements and help industry majors to expand their product and patent portfolios.”

Advances in Food Antimicrobial Coatings, a part of the Technical Insights subscription, provides an overview of food antimicrobial coating technologies and strategies for technology developers and investors. Further, this research service includes detailed technology analysis and industry trends evaluated following extensive interviews with market participants.

Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides      support to our clients throughout all phases of their journey to visionary      innovation including: research, analysis, strategy, vision, innovation and      implementation.
  • The Partnership Infrastructure is entirely       unique as it constructs the foundation upon which visionary innovation becomes      possible. This includes our 360 degree research, comprehensive industry coverage,      career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us:  Join our community

Subscribe:  Newsletter on “the next big thing”

Register:  Gain access to visionary innovation

Advances in Food Antimicrobial Coatings D4B4-TI

Contact: Jeannette Garcia Corporate Communications – North America P: +1-210-477-8427 E: jeannette.garcia@frost.com Twitter: @Frost_Sullivan Facebook: FrostandSullivan Linkedin Group: http://www.linkedin.com/groups/Technical-Insights-3197215

http://www.frost.com http://www.technicalinsights.frost.com

Source: Frost & Sullivan

Written by asiafreshnews

April 26, 2013 at 3:03 pm

Posted in Uncategorized

OANDA: Five Mobile Finance Trends on the Rise in 2013

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From travel budgeting to currency trading to the concept of a cashless society, a number of mobile trends are gathering steam in the finance space

SINGAPORE, April 24, 2013 /PRNewswire/ — The world’s Internet denizens are increasingly embracing mobile computing. It is not hype. A growing body of evidence supports the notion that the mobile web will free us from the constraints of the desktop.

As more of our everyday online experiences — email, banking, shopping, networking — happen on mobile devices, it is becoming second nature to take care of our financial business while we are on the go. With that in mind, here are five mobile finance trends that will continue to grow this year:

*Cashless Payments

Though paper cash and coinage will not disappear anytime soon, the idea of living in a cashless society is gaining momentum. Smartphones are handier than searching for a bank machine. It will be a slow creep but people are creatures of habit and they like convenience and security. Consider the 2012 Summer Olympics in the U.K. It was a beta test and a springboard for VISA’s contactless payment technology. The push to encourage attendees to make routine payments with their mobile phones went over swimmingly.

*Social Media for Investors

Mobile technologies and social media are birds of a feather, which is driving flocks of developers to create apps for investors. StockTwits, for example, is a Twitter-inspired financial communications platform where investors can follow traders and markets that interest them while getting a personalized stream of news, charts, and ideas. The platform continues to attract users and content partners such as CNN Money, OANDA, and Yahoo! Finance.

*Currency Trading

Foreign exchange (forex) trading, as a complementary asset class to equities and fixed-income instruments, has been on a desktop growth spurt since the early 2000s thanks to the emergence of electronic market makers like OANDA. Now such innovative firms are bringing the desktop trading experience to smartphones and tablets, withmobile forex trading apps that give users the ability to track real-time exchange rate data, set price alerts and notifications, monitor news, and analyze technical charts while on the fly.

*Personal Finance

Smartphones and tablets put money management at your fingertips anytime, anywhere. Mobile apps from Mint, Pageonce, PocketMoney and others provide a dashboard view of all your financial stats in one place. They use charts, graphs, and message alerts to make it easy to track your spending, bill payments and budget issues, as well as monitor your investment goals.

*Travel Budgeting

When travelling for business or pleasure, it is much easier to keep expenditures in check with a mobile device in your pocket or purse. Tools like the popular mobile currency converter apps from OANDA help you quickly calculate foreign exchange rate conversions using the same daily filtered rates relied on by multinational corporations, auditing firms, and global banks.

Note to Editors:

About OANDA

OANDA Corporation has transformed the business of foreign exchange through an innovative approach to forex trading. The company’s leading online trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. The company’s many awards attest to the power and flexibility of its trading platform. In 2012, OANDA was named “Best Forex Provider” by the Financial Times and by Investors Chronicle; “Best FX Broker” by Forex Magnates; and was recognized by Investment Trends Singapore as providing best “Value for Money” and “Highest Overall Client Satisfaction”.

OANDA was the first online provider of comprehensive currency exchange information, and today the company’s OANDA Rate® data are the benchmark rates for corporations, auditing firms, and global banks.

OANDA has six offices worldwide, in Chicago, London, Singapore, Tokyo, Toronto, and Zurich. OANDA is fully regulated by the U.S. Commodity Futures Trading Commission (CFTC), the U.S. National Futures Association (NFA), the Monetary Authority of Singapore (MAS), the Investment Industry Regulatory Organization of Canada (IIROC), the UK Financial Conduct Authority (FCA), and the Japanese Financial Services Agency (FSA).

All other trademarks, trade names, logos or service marks mentioned in this document belong to their respective owners.

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Media Contact:

Cognito for OANDA Corporation
Chua Ee Ghim
+65-6818-9025
OANDAPR@cognitomedia.com

Source: OANDA Corporation

Written by asiafreshnews

April 26, 2013 at 1:50 pm

Qualcomm Announces Second Quarter Fiscal 2013 Results

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Revenues $6.1 Billion

GAAP EPS $1.06, Non-GAAP EPS $1.17

— Record Quarterly Revenues; Raising Fiscal 2013 Guidance —

SAN DIEGO, April 25, 2013 /PRNewswire/ — Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, today announced results for the second quarter of fiscal 2013 ended March 31, 2013.

“We delivered another strong quarter as the worldwide adoption of smartphones continues,” said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. “Looking forward, we are seeing strong traction with our new Qualcomm Snapdragon 600 and 800 processors, and we continue to expect healthy growth in 3G and 3G/4G multimode devices around the world. We are pleased to be raising our calendar 2013 3G/4G device shipment estimates and our revenue and earnings guidance for fiscal 2013.”

Second Quarter Results (GAAP)

Revenues: 1 $6.12 billion, up 24 percent year-over-year (y-o-y) and 2 percent sequentially.
Operating income: 1 $1.88 billion, up 24 percent y-o-y and down 10 percent sequentially.
Net income: 2 $1.87 billion, down 16 percent y-o-y* and 2 percent sequentially.
Diluted earnings per share: 2 $1.06, down 17 percent y-o-y* and 3 percent sequentially.
Effective tax rate: 1 13 percent for the quarter.
Operating cash flow: $2.22 billion, up 17 percent y-o-y; 36 percent of revenues.
Return of capital to stockholders: $431 million, or $0.25 per share, of cash dividends paid.

* The second quarter of fiscal 2012 GAAP results included $761 million, net of income taxes, or $0.44 per share, for discontinued operations as a result of a $1.2 billion pre-tax gain associated with the sale of substantially all of our 700 MHz spectrum.

1 Throughout this news release, fiscal 2012 results for FLO TV are presented as discontinued operations. Revenues, operating expenses, operating income, earnings before tax (EBT) and effective tax rates are from continuing operations (i.e., before adjustments for noncontrolling interests and, for fiscal 2012, discontinued operations), unless otherwise stated.

2 Throughout this news release, net income and diluted earnings per share are attributable to Qualcomm (i.e., after adjustments for noncontrolling interests and discontinued operations), unless otherwise stated.

Non-GAAP Second Quarter Results

Non-GAAP results exclude the QSI segment and certain share-based compensation, acquisition-related items and tax items.

Revenues: $6.12 billion, up 24 percent y-o-y and 2 percent sequentially.
Operating income: $2.23 billion, up 18 percent y-o-y and down 9 percent sequentially.
Net income: $2.07 billion, up 17 percent y-o-y and down 6 percent sequentially.
Diluted earnings per share: $1.17, up 16 percent y-o-y and down 7 percent sequentially.
Effective tax rate: 16 percent for the quarter.
Free cash flow (defined as net cash from operating activities less capital expenditures): $1.99 billion, up 10 percent y-o-y; 33 percent of revenues.

Detailed reconciliations between results reported in accordance with generally accepted accounting principles (GAAP) and Non-GAAP results are included within this news release.

Second Quarter Key Business Metrics

MSM™ chip shipments: 173 million units, up 14 percent y-o-y and down 5 percent sequentially.
December quarter total reported device sales: approximately $61.1 billion, up 18 percent y-o-y and 15 percent sequentially.
December quarter estimated 3G/4G device shipments: approximately 279 to 283 million units, at an estimated average selling price of approximately $214 to $220 per unit.

Cash and Marketable Securities

Our cash, cash equivalents and marketable securities totaled $30.5 billion at the end of the second quarter of fiscal 2013, compared to $26.6 billion a year ago and $28.4 billion at the end of the first quarter of fiscal 2013. On April 9, 2013, we announced a cash dividend of $0.35 per share payable on June 26, 2013 to stockholders of record as of June 5, 2013, which represents a 40 percent increase over our prior quarterly dividend.

Research and Development
($ in millions) Non-GAAP
QSI
Share-Based
Compensation
Acquisition-Related Items
GAAP

Second quarter fiscal 2013 $1,056
$1
$ 156
$ 1
$1,214
As % of revenues 17%

20%
Second quarter fiscal 2012 $ 824
$ 4
$ 126
$ –
$ 954
As % of revenues 17%

19%
Year-over-year change ($) 28%
N/M
24%
N/M
27%

N/M – Not Meaningful

Non-GAAP research and development (R&D) expenses increased 28 percent y-o-y primarily due to an increase in costs related to the development of CDMA-based 3G, OFDMA-based 4G LTE and other technologies for integrated circuit and related software products and to expand our intellectual property portfolio.

Selling, General and Administrative
($ in millions) Non-GAAP
QSI
Share-Based
Compensation
Acquisition-Related Items
GAAP

Second quarter fiscal 2013 $556
$4
$ 95
$ 6
$661
As % of revenues 9%

11%
Second quarter fiscal 2012 $488
$4
$ 97
$ 6
$595
As % of revenues 10%

12%
Year-over-year change ($) 14%
N/M
(2%)
N/M
11%

N/M – Not Meaningful

Non-GAAP selling, general and administrative (SG&A) expenses increased 14 percent y-o-y primarily due to increases in employee-related expenses, patent-related expenses and selling and marketing expenses.

Effective Income Tax Rates

Our fiscal 2013 annual effective income tax rates are estimated to be approximately 16 percent for GAAP and approximately 17 to 18 percent for Non-GAAP. The second quarter effective income tax rates were 13 percent for GAAP and 16 percent for Non-GAAP, which are lower than the estimated annual effective tax rates primarily as a result of the retroactive reinstatement of the federal R&D tax credit during the second quarter. The federal R&D tax credit benefit that related to fiscal 2012 of $0.04 per share was excluded from Non-GAAP results.

QSI Segment

QSI makes strategic investments, many of which are in early-stage companies, and holds wireless spectrum. GAAP results for the second quarter of fiscal 2013 included $0.02 earnings per share for QSI.

Business Outlook

The following statements are forward looking, and actual results may differ materially. The “Note Regarding Forward-Looking Statements” in this news release provides a description of certain risks that we face, and our annual and quarterly reports on file with the Securities and Exchange Commission (SEC) provide a more complete description of risks.

Our outlook does not include provisions for future asset impairments or for pending legal matters, other than future legal amounts that are probable and estimable. Further, due to their nature, certain income and expense items, such as realized investment and certain derivative gains or losses, cannot be accurately forecast. Accordingly, we only include such items in our business outlook to the extent they are reasonably certain; however, actual results may vary materially from the business outlook.

The following table summarizes GAAP and Non-GAAP guidance based on the current business outlook. The Non-GAAP business outlook presented below is consistent with the presentation of Non-GAAP results included elsewhere herein.

Qualcomm’s Business Outlook Summary

THIRD FISCAL QUARTER

Q3 FY12
Results Current Guidance
Q3 FY13 Estimates

Revenues

$4.63B $5.8B – $6.3B

Year-over-year change
increase 25% – 36%

Non-GAAP Diluted earnings per share (EPS) $0.85 $0.97 – $1.05

Year-over-year change
increase 14% – 24%

Diluted EPS attributable to QSI ($0.01) $0.00

Diluted EPS attributable to share-based compensation ($0.12) ($0.13)

Diluted EPS attributable to acquisition-related items ($0.03) ($0.04)

GAAP Diluted EPS $0.69 $0.80 – $0.88

Year-over-year change
increase 16% – 28%

Metrics

MSM chip shipments 141M 163M – 173M

Year-over-year change
increase 16% – 23%

Total reported device sales (1) approx. $47.8B* approx. $51.0B – $56.0B*

Year-over-year change
increase 7% – 17%

*Est. sales in March quarter, reported in June quarter

FISCAL YEAR

FY 2012
Results (2) Prior Guidance
FY 2013 Estimates (3) Current Guidance
FY 2013 Estimates (3)

Revenues
$19.12B $23.4B – $24.4B $24.0B – $25.0B

Year-over-year change
increase 22% – 28% increase 26% – 31%

Non-GAAP Diluted EPS $3.71 $4.25 – $4.45 $4.40 – $4.55

Year-over-year change
increase 15% – 20% increase 19% – 23%

Diluted EPS attributable to QSI $0.40 ($0.02) $0.01

Diluted EPS attributable to share-based compensation ($0.47) ($0.51) ($0.51)

Diluted EPS attributable to acquisition-related items ($0.14) ($0.15) ($0.16)

Diluted EPS attributable to tax items $0.01 $0.04 $0.04

GAAP Diluted EPS $3.51 $3.61 – $3.81 $3.78 – $3.93

Year-over-year change
increase 3% – 9% increase 8% – 12%

Metrics

Est. fiscal year* 3G/4G device average selling price range (1) approx. $216 – $222 approx. $214 – $226 approx. $216 – $224

*Shipments in Sept. to June quarters, reported in Dec. to Sept. quarters

CALENDAR YEAR Device Estimates (1)

Prior Guidance
Calendar 2012
Estimates Current
Calendar 2012
Estimates Prior Guidance
Calendar 2013
Estimates Current Guidance
Calendar 2013
Estimates

Est. 3G/4G device shipments

March quarter approx. 206M – 211M approx. 206M – 211M not provided not provided

June quarter approx. 210M – 214M approx. 210M – 214M not provided not provided

September quarter approx. 233M – 237M approx. 233M – 237M not provided not provided

December quarter not provided approx. 279M – 283M not provided not provided

Est. calendar year range (approx.) 915M – 940M 928M – 945M 1,000M – 1,070M 1,015M – 1,085M

Est. calendar year midpoint (approx.) (4) 928M 937M 1,035M 1,050M
(1) Total reported device sales is the sum of all reported sales in U.S. dollars (as reported to us by our licensees) of all licensed CDMA-based, OFDMA-based and CDMA/OFDMA multimode subscriber devices (including handsets, modules, modem cards and other subscriber devices) by our licensees during a particular period (collectively, 3G/4G devices). The reported quarterly estimated ranges of average selling prices (ASPs) and unit shipments are determined based on the information as reported to us by our licensees during the relevant period and our own estimates of the selling prices and unit shipments for licensees that do not provide such information. Not all licensees report sales, selling prices and/or unit shipments the same way (e.g., some licensees report selling prices net of permitted deductions, such as transportation, insurance and packing costs, while other licensees report selling prices and then identify the amount of permitted deductions in their reports), and the way in which licensees report such information may change from time to time. Total reported device sales, estimated unit shipments and estimated ASPs for a particular period may include prior period activity that was not reported by the licensee until such particular period.

(2) FY 2012 results for QSI and GAAP included $0.44 EPS related to a $1.2 billion gain associated with the sale of substantially all of our 700 MHz spectrum, which was recognized in discontinued operations and was excluded from Non-GAAP results.

(3) FY 2013 guidance for tax items includes $0.04 EPS related to a tax benefit that resulted from the retroactive reinstatement of the federal R&D tax credit related to fiscal 2012, which was excluded from Non-GAAP results.

(4) The midpoints of the estimated calendar year ranges are identified for comparison purposes only and do not indicate a higher degree of confidence in the midpoints.

Sums may not equal totals due to rounding.

Results of Business Segments

The following table reconciles our Non-GAAP results to our GAAP results (in millions, except per share data):
SEGMENTS QCT QTL QWI Non-GAAP Reconciling Items (1) Non-GAAP (2) QSI (2)
Share-Based
Compensation (2) Acquisition- Related Items (2) Tax Items GAAP
Q2 – FISCAL 2013

Revenues $3,916 $2,057 $155 ($4) $6,124 $ – $ – $ – $ – $6,124
Change from prior year 28% 19% (3%) N/M 24%

24%
Change from prior quarter (5%) 17% 6% 20% 2%

2%
Operating income (loss)

$2,233 ($5) ($268) ($83) $ – $1,877
Change from prior year

18% 94% (12%) (46%)
24%
Change from prior quarter

(9%) 38% 5% (19%)
(10%)
EBT $681 $1,803 $ – ($30) $2,454 $33 ($268) ($83) $ – $2,136
Change from prior year 14% 17% N/M N/M 15% N/M (12%) (46%)
23%
Change from prior quarter (36%) 18% N/M N/M (9%) N/M 5% (19%)
(8%)
EBT as % of revenues 17% 88% N/M N/M 40%

35%
Net income (loss)

$2,066 $36 ($220) ($80) $ 64 $1,866
Change from prior year

17% (95%) (20%) (54%) N/A (16%)
Change from prior quarter

(6%) N/M 0% (19%) N/A (2%)
Diluted EPS

$1.17 $0.02 ($0.12) ($0.05) $0.04 $1.06
Change from prior year

16% (95%) (9%) (67%) N/A (17%)
Change from prior quarter

(7%) N/M 0% (25%) N/A (3%)
Diluted shares used

1,763 1,763 1,763 1,763 1,763 1,763
Q1 – FISCAL 2013

Revenues $4,120 $1,757 $146 ($5) $6,018 $ – $ – $ – $ – $6,018
Operating income (loss)

2,447 (8) (281) (70) – 2,088
EBT $1,068 $1,532 ($3) $98 2,695 (17) (281) (70) – 2,327
Net income (loss)

2,204 (12) (219) (67) – 1,906
Diluted EPS

$1.26 ($0.01) ($0.12) ($0.04) $ – $1.09
Diluted shares used

1,751 1,751 1,751 1,751 1,751 1,751
Q2 – FISCAL 2012

Revenues $3,059 $1,723 $159 $2 $4,943 $ – $ – $ – $ – $4,943
Operating income (loss)

1,900 (89) (240) (57) – 1,514
EBT $599 $1,540 ($10) $1 2,130 (99) (240) (57) – 1,734
Discontinued operations, net of tax

– 761 – – – 761
Net income (loss)

1,759 707 (184) (52) – 2,230
Diluted EPS

$1.01 $0.41 ($0.11) ($0.03) $ – $1.28
Diluted shares used

1,743 1,743 1,743 1,743 1,743 1,743
Q3 – FISCAL 2012

Revenues $2,869 $1,593 $160 $4 $4,626 $ – $ – $ – $ – $4,626
Operating income (loss)

1,718 (11) (264) (61) – 1,382
EBT $472 $1,407 ($6) $49 1,922 (16) (264) (61) – 1,581
Discontinued operations, net of tax

– (3) – – – (3)
Net income (loss)

1,486 (11) (210) (58) – 1,207
Diluted EPS

$0.85 ($0.01) ($0.12) ($0.03) $ – $0.69
Diluted shares used

1,758 1,758 1,758 1,758 1,758 1,758
SEGMENTS QCT QTL QWI Non-GAAP Reconciling Items (1) Non-GAAP (2) QSI (2)
Share-Based
Compensation (2) Acquisition- Related Items (2) Tax Items GAAP
6 MONTHS – FISCAL 2013

Revenues $8,036 $3,813 $301 ($7) $12,143 $ – $ – $ – $ – $12,143
Change from prior year 31% 21% (3%) N/M 26%

26%
Operating income (loss)

$4,681 ($12) ($549) ($154) $ – $3,966
Change from prior year

24% 88% (13%) (32%)
29%
EBT $1,749 $3,335 ($4) $70 $5,150 $16 ($549) ($154) $ – $4,463
Change from prior year 31% 19% (56%) 27% 23% N/M (13%) (32%)
29%
EBT as a % of revenues 22% 87% N/M N/M 42%

37%
Net income (loss)

$4,270 $24 ($439) ($147) $ 64 $3,772
Change from prior year

24% (97%) (16%) (36%) N/A 4%
Diluted EPS

$2.43 $0.01 ($0.25) ($0.08) $0.04 $2.15
Change from prior year

23% (98%) (14%) (33%) N/A 2%
Diluted shares used

1,757 1,757 1,757 1,757 1,757 1,757
6 MONTHS – FISCAL 2012

Revenues $6,143 $3,162 $311 $9 $9,625 $ – $ – $ – $ – $9,625
Operating income (loss)

3,772 (102) (487) (117) – 3,066
EBT $1,338 $2,808 ($9) $55 4,192 (133) (487) (117) – 3,455
Discontinued operations, net of tax

– 756 – – – 756
Net income (loss)

3,431 686 (378) (108) – 3,631
Diluted EPS

$1.98 $0.40 ($0.22) ($0.06) $ – $2.10
Diluted shares used

1,732 1,732 1,732 1,732 1,732 1,732
12 MONTHS – FISCAL 2012

Revenues $12,141 $6,327 $633 $20 $19,121 $ – $ – $ – $ – $19,121
Operating income (loss)

7,100 (116) (1,035) (267) – 5,682
EBT $2,296 $5,585 ($15) $168 8,034 (170) (1,035) (267) – 6,562
Discontinued operations, net of tax

– 777 (1) – – 776
Net income (loss)

6,463 690 (811) (243) 10 6,109
Diluted EPS

$3.71 $0.40 ($0.47) ($0.14) $0.01 $3.51
Diluted shares used

1,741 1,741 1,741 1,741 1,741 1,741

(1) Non-GAAP reconciling items related to revenues consist primarily of nonreportable segment revenues less intersegment eliminations. Non-GAAP reconciling items related to earnings before taxes consist primarily of certain costs of equipment and services revenues, research and development expenses, sales and marketing expenses, other operating expenses and certain investment income or losses and interest expense that are not allocated to the segments for management reporting purposes; nonreportable segment results; and the elimination of intersegment profit.

(2) At fiscal year end, the sum of the quarterly tax provision (benefit) for each column equals the annual tax provision (benefit) for each column computed in accordance with GAAP. In interim quarters, the sum of these provisions (benefits) may not equal the total GAAP tax provision, and this difference is allocated to tax provisions (benefits) among the columns.

N/M – Not Meaningful
N/A – Not Applicable
Sums may not equal totals due to rounding.

Conference Call

Qualcomm’s second quarter fiscal 2013 earnings conference call will be broadcast live on April 24, 2013, beginning at 1:45 p.m. Pacific Time (PT) at http://investor.qualcomm.com/events.cfm. This conference call will include a discussion of “Non-GAAP financial measures” as defined in Regulation G. The most directly comparable GAAP financial measures and information reconciling these Non-GAAP financial measures to the Company’s financial results prepared in accordance with GAAP, as well as other material financial and statistical information to be discussed on the conference call, will be posted at http://www.qualcomm.com/investor immediately prior to commencement of the call. An audio replay will be available at http://investor.qualcomm.com/events.cfm and via telephone following the live call and for 30 days thereafter. To listen to the replay via telephone, U.S. callers may dial (855) 859-2056, and international callers may dial (404) 537-3406. Callers should use reservation number 29888090.

Note Regarding Use of Non-GAAP Financial Measures

The Non-GAAP financial information presented herein should be considered in addition to, not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. In addition, “Non-GAAP” is not a term defined by GAAP, and as a result, the Company’s measure of Non-GAAP results might be different than similarly titled measures used by other companies. Reconciliations between GAAP and Non-GAAP results are presented herein.

The Company uses Non-GAAP financial information (i) to evaluate, assess and benchmark the Company’s operating results on a consistent and comparable basis; (ii) to measure the performance and efficiency of the Company’s ongoing core operating businesses, including the QCT, QTL and QWI segments; and (iii) to compare the performance and efficiency of these segments against each other and against competitors. Non-GAAP measurements of the following financial data are used by the Company: revenues, cost of revenues, R&D expenses, SG&A expenses, other operating expenses, operating income (loss), net investment income (loss), income (loss) before income taxes, effective tax rate, net income (loss), diluted earnings (loss) per share, operating cash flow and free cash flow. The Company is able to assess what it believes is a more meaningful and comparable set of financial performance measures for the Company and its business segments by using Non-GAAP information. As a result, management compensation decisions and the review of executive compensation by the Compensation Committee of the Board of Directors focus primarily on Non-GAAP financial measures applicable to the Company and its business segments. The Company presents Non-GAAP financial information to provide greater transparency to investors with respect to its use of such information in financial and operational decision-making.

Non-GAAP information used by management excludes QSI and certain share-based compensation, acquisition-related items and tax items.

QSI is excluded because the Company expects to exit its strategic investments at various times, and the effects of fluctuations in the value of such investments and realized gains or losses are viewed by management as unrelated to the Company’s operational performance.
Share-based compensation expense primarily relates to restricted stock units and stock options. Certain share-based compensation is excluded because management views such expenses as unrelated to the operating activities of the Company’s ongoing core businesses. Further, the fair values of share-based awards are affected by factors that are variable on each grant date, which may include the Company’s stock price, stock market volatility, expected award life, risk-free interest rates and expected dividend payouts in future years.
Acquisition-related items relate to amortization and impairment charges of certain intangible assets, recognition of the step-up of inventories to fair value and the related tax effects of these items starting with acquisitions completed in the third quarter of fiscal 2011, as well as any tax effects from restructuring the ownership of such acquired assets. Additionally, starting with acquisitions completed in the fourth quarter of fiscal 2012, the Company began excluding expenses related to the termination of contracts that limit the use of the acquired intellectual property. These acquisition-related items are excluded and are not allocated to the Company’s segments because management views such expenses as unrelated to the operating activities of the Company’s ongoing core businesses. In addition, these charges are impacted by the size and timing of acquisitions, potentially obscuring period to period comparisons of the Company’s operating businesses.
Certain tax items that were recorded in each fiscal year presented, but that were unrelated to the fiscal year in which they were recorded, are excluded in order to provide a clearer understanding of the Company’s ongoing Non-GAAP tax rate and after tax earnings.

The Company presents free cash flow, defined as net cash provided by operating activities less capital expenditures, to facilitate an understanding of the amount of cash flow generated that is available to grow its business and to create long-term stockholder value. In addition, management uses this measure to evaluate the Company’s performance and to compare its operating performance with other companies in the industry.

About Qualcomm

Qualcomm Incorporated (Nasdaq: QCOM) is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm’s licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm’s engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 25 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visitwww.qualcomm.com.

Note Regarding Forward-Looking Statements

In addition to the historical information contained herein, this news release contains forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to statements regarding the strong traction we are seeing with our new Qualcomm Snapdragon 600 and 800 processors; our expectations regarding healthy growth in 3G and 3G/4G multimode devices around the world; our business outlook; and our estimates and guidance related to revenues, GAAP and Non-GAAP diluted earnings per share, effective income tax rates, MSM chip shipments, total reported device sales, 3G/4G device average selling price ranges and 3G/4G device shipments, ranges and midpoints. Forward-looking statements are generally identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “guidance” and similar expressions. Actual results may differ materially from those referred to in the forward-looking statements due to a number of important factors, including but not limited to risks associated with the commercial deployment of our technologies and our customers’ and licensees’ sales of equipment, products and services based on these technologies; competition; our dependence on a small number of customers and licensees; attacks on our licensing business model, including current and future legal proceedings and actions of governmental or quasi-governmental bodies; our dependence on third-party suppliers, including the potential impact of supply constraints; the enforcement and protection of our intellectual property rights; claims by third parties that we infringe their intellectual property; global economic conditions that impact the communications industry and the potential impact on demand for our products and our customers’ and licensees’ products; our stock price and earnings volatility; strategic transactions and investments; the commercial success of our QMT division’s display technology; foreign currency fluctuations; and failures, defects or errors in our products and services or in the products of our customers and licensees. These and other risks are set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2012 and Quarterly Report on Form 10-Q for the second quarter ended March 31, 2013 filed with the SEC. Our reports filed with the SEC are available on our website at http://www.qualcomm.com. We undertake no obligation to update, or continue to provide information with respect to, any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.

Qualcomm, Snapdragon and MSM are trademarks of Qualcomm Incorporated, registered in the United States and other countries. All other trademarks are the property of their respective owners.

Qualcomm Contact:
Warren Kneeshaw
Phone: 1-858-658-4813
e-mail: ir@qualcomm.com
Qualcomm Incorporated
Supplemental Information for the Three Months Ended March 31, 2013
(Unaudited)

Acquisition- Tax-

Non-GAAP

Share-Based Related Related GAAP

Results QSI Compensation Items (a) Items (b) Results
($ in millions, except per share data)

Cost of equipment and services revenues $2,279
$ –
$ 17
$ 76
$ –
$ 2,372

R&D 1,056
1
156
1

1,214

SG&A 556
4
95
6

661

Operating income (loss) 2,233
(5)
(268)
(83)

1,877

Investment income, net $ 221 (c) $ 38 (d) $ –
$ –
$ –
$ 259

Tax rate 16%
0%
18%
4%
N/A
13%

Net income (loss) $2,066
$ 36
$ (220)
$ (80)
$ 64
$ 1,866

Diluted earnings (loss) per share (EPS) $ 1.17
$0.02
$ (0.12)
$ (0.05)
$ 0.04
$ 1.06

Operating cash flow $2,266
$ (8)
$ (42)
$ –
$ –
$ 2,216

Operating cash flow as % of revenues 37%
N/A
N/A
N/A
N/A
36%

Free cash flow(e) $1,993
$ (24)
$ (42)
$ –
$ –
$ 1,927

Free cash flow as % of revenues 33%
N/A
N/A
N/A
N/A
31%

(a) Included amortization and impairment charges of certain intangible assets and the recognition of the step-up of inventories to fair value.

(b) Included a $64 million tax benefit as a result of the retroactive reinstatement of the federal R&D tax credit related to fiscal 2012.

(c) Included $177 million in interest and dividend income, $41 million in net realized gains on investments and $14 million in gains on derivatives, partially offset by $10 million in other-than-temporary losses on investments and $1 million in interest expense.

(d) Included $43 million in net realized gains on investments and $4 million in interest and dividend income, partially offset by $6 million in interest expense, $2 million in other-than-temporary losses on investments and $1 million in equity in losses of investees.

(e) Free cash flow is defined as net cash provided by operating activities less capital expenditures. Reconciliation of these amounts is included in the “Reconciliation of Non-GAAP Free Cash Flows to Net Cash Provided by Operating Activities (GAAP) and Other Supplemental Disclosures” for the three months ended March 31, 2013 included herein.

N/A – Not Applicable
Sums may not equal totals due to rounding.

Qualcomm Incorporated
Supplemental Information for the Six Months Ended March 31, 2013
(Unaudited)

Acquisition- Tax-

Non-GAAP

Share-Based Related Related GAAP

Results QSI Compensation Items (a) Items (b) Results
($ in millions, except per share data)

Cost of equipment and services revenues $4,432
$ –
$ 37
$ 140
$ –
$ 4,609

R&D 2,006
1
312
1

2,320

SG&A 1,024
11
200
13

1,248

Operating income (loss) 4,681
(12)
(549)
(154)

3,966

Investment income, net $ 469 (c) $ 28 (d) $ –
$ –
$ –
$ 497

Tax rate 17%
-19%
20%
5%
N/A
16%

Net income (loss) $4,270
$ 24
$ (439)
$ (147)
$ 64
$ 3,772

Diluted earnings (loss) per share (EPS) $ 2.43
$0.01
$ (0.25)
$ (0.08)
$ 0.04
$ 2.15

Operating cash flow $4,312
$(18)
$ (103)
$ –
$ –
$ 4,191

Operating cash flow as % of revenues 36%
N/A
N/A
N/A
N/A
35%

Free cash flow(e) $3,846
$(46)
$ (103)
$ –
$ –
$ 3,697

Free cash flow as % of revenues 32%
N/A
N/A
N/A
N/A
30%

(a) Included amortization and impairment charges of certain intangible assets, expense associated with the termination of a contract of an acquiree and the recognition of the step-up of inventories to fair value.

(b) Included a $64 million tax benefit as a result of the retroactive reinstatement of the federal R&D tax credit related to fiscal 2012.

(c) Included $342 million in interest and dividend income, $132 million in net realized gains on investments and $12 million in gains on derivatives, partially offset by $14 million in other-than-temporary losses on investments and $3 million in interest expense.

(d) Included $47 million in net realized gains on investments and $5 million in interest and dividend income, partially offset by $12 million in interest expense, $8 million in other-than-temporary losses on investments and $4 million in equity in losses of investees.

(e) Free cash flow is defined as net cash provided by operating activities less capital expenditures. Reconciliation of these amounts is included in the “Reconciliation of Non-GAAP Free Cash Flows to Net Cash Provided by Operating Activities (GAAP) and Other Supplemental Disclosures” for the six months ended March 31, 2013 included herein.

N/A – Not Applicable
Sums may not equal totals due to rounding.

Qualcomm Incorporated
Reconciliation of Non-GAAP Free Cash Flows to
Net Cash Provided by Operating Activities (GAAP)
and Other Supplemental Disclosures
(In millions)
(Unaudited)

Three Months Ended March 31, 2013

Non-GAAP
QSI
Share-Based
Compensation
GAAP
Net cash provided (used) by operating activities
$2,266
$ (8)
$ (42) (a) $2,216
Less: capital expenditures
(273)
(16)

(289)
Free cash flow
$1,993
$(24)
$ (42)
$1,927

Revenues
$6,124
$ –
$ –
$6,124
Free cash flow as % of revenues
33%
N/A
N/A
31%

Other supplemental cash disclosures:

Cash transfers from QSI (b)
$ 51
$(51)
$ –
$ –
Cash transfers to QSI (c)
(54)
54


Net cash transfers
$ (3)
$ 3
$ –
$ –

Six Months Ended March 31, 2013

Non-GAAP
QSI
Share-Based
Compensation
GAAP
Net cash provided (used) by operating activities
$4,312
$(18)
$ (103) (a) $ 4,191
Less: capital expenditures
(466)
(28)

(494)
Free cash flow
$3,846
$(46)
$ (103)
$3,697

Revenues
$12,143
$ –
$ –
$12,143
Free cash flow as % of revenues
32%
N/A
N/A
30%

Other supplemental cash disclosures:

Cash transfers from QSI (b)
$ 58
$(58)
$ –
$ –
Cash transfers to QSI (c)
(157)
157


Net cash transfers
$ (99)
$ 99
$ –
$ –

Three Months Ended March 25, 2012

Non-GAAP
QSI
Share-Based
Compensation
GAAP
Net cash provided (used) by operating activities
$ 2,084
$(121)
$ (75) (a) $ 1,888
Less: capital expenditures
(276)


(276)
Free cash flow
$ 1,808
$(121)
$ (75)
$ 1,612

Six Months Ended March 25, 2012

Non-GAAP
QSI
Share-Based
Compensation
GAAP
Net cash provided (used) by operating activities
$ 3,934
$(169)
$ (98) (a) $ 3,667
Less: capital expenditures
(635)


(635)
Free cash flow
$ 3,299
$(169)
$ (98)
$ 3,032
(a) Incremental tax benefits from share-based compensation during the period.

(b) Primarily cash from sale of equity securities and other investments.

(c) Primarily funding for strategic debt and equity investments, other investing activities and QSI operating and capital expenditures.

N/A – Not Applicable

Qualcomm Incorporated
Reconciliation of Non-GAAP Tax Rates to GAAP Tax Rates (a)
(in millions)
(Unaudited)

Three Months Ended March 31, 2013

Non-GAAP
Results
QSI
Share-Based
Compensation
Acquisition-
Related
Items
Tax-Related
Items (b)
GAAP
Results

Income (loss) from continuing operations before income taxes $ 2,454
$33
$ (268)
$ (83)
$ –
$ 2,136
Income tax (expense) benefit (388)

48
3
64
(273)
Income (loss) from continuing operations $ 2,066
$33
$ (220)
$ (80)
$ 64
$ 1,863

Tax rate 16%
0%
18%
4%
N/A
13%

Six Months Ended March 31, 2013

Non-GAAP
Results
QSI

Share-Based
Compensation

Acquisition-
Related
Items
Tax-Related
Items (b)
GAAP
Results

Income (loss) from continuing operations before income taxes $ 5,150
$16
$ (549)
$ (154)
$ –
$ 4,463
Income tax (expense) benefit (881)
3
110
7
64
(697)
Income (loss) from continuing operations $ 4,269
$19
$ (439)
$ (147)
$ 64
$ 3,766

Tax rate 17%
-19%
20%
5%
N/A
16%
(a) At fiscal year end, the sum of the quarterly tax provision (benefit) for each column equals the annual tax provision (benefit) for each column computed in accordance with GAAP. In interim quarters, the sum of these provisions (benefits) may not equal the total GAAP tax provision, and this difference is allocated to tax provisions (benefits) among the columns.

(b) During the second quarter of fiscal 2013, we recorded a tax benefit of $64 million related to fiscal 2012 due to the retroactive reinstatement of the federal R&D tax credit.

N/A – Not Applicable
Sums may not equal totals due to rounding.

Qualcomm Incorporated
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except per share data)
(Unaudited)

ASSETS

March 31,
September 30,

2013
2012
Current assets:

Cash and cash equivalents
$4,093
$ 3,807
Marketable securities
9,400
8,567
Accounts receivable, net
1,889
1,459
Inventories
1,484
1,030
Deferred tax assets
318
309
Other current assets
582
473
Total current assets
17,766
15,645
Marketable securities
17,046
14,463
Deferred tax assets
1,229
1,412
Assets held for sale
1,070
1,109
Property, plant and equipment, net
2,971
2,851
Goodwill
3,975
3,917
Other intangible assets, net
2,735
2,938
Other assets
807
677
Total assets
$47,599
$ 43,012

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:

Trade accounts payable
$ 1,628
$ 1,298
Payroll and other benefits related liabilities
679
664
Unearned revenues
514
545
Liabilities held for sale
538
1,072
Other current liabilities
1,904
1,723
Total current liabilities
5,263
5,302
Unearned revenues
3,697
3,739
Liabilities held for sale
531

Other liabilities
480
426
Total liabilities
9,971
9,467

Stockholders’ equity:

Qualcomm stockholders’ equity:

Preferred stock, $0.0001 par value; 8 shares authorized; none outstanding


Common stock, $0.0001 par value; 6,000 shares authorized; 1,726

and 1,706 shares issued and outstanding, respectively


Paid-in capital
12,991
11,956
Retained earnings
23,599
20,701
Accumulated other comprehensive income
1,021
866
Total Qualcomm stockholders’ equity
37,611
33,523
Noncontrolling interests
17
22
Total stockholders’ equity
37,628
33,545
Total liabilities and stockholders’ equity
$47,599
$ 43,012

Qualcomm Incorporated
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share data)
(Unaudited)

Three Months Ended

Six Months Ended

March 31,
March 25,

March 31,
March 25,

2013
2012

2013
2012

Revenues:

Equipment and services $3,990
$3,137

$8,189
$ 6,305
Licensing 2,134
1,806

3,954
3,320
Total revenues 6,124
4,943

12,143
9,625

Operating expenses:

Cost of equipment and services revenues 2,372
1,783

4,609
3,537
Research and development 1,214
954

2,320
1,827
Selling, general and administrative 661
595

1,248
1,098
Other –
97


97
Total operating expenses 4,247
3,429

8,177
6,559

Operating income 1,877
1,514

3,966
3,066

Investment income, net 259
220

497
389
Income from continuing operations before income taxes 2,136
1,734

4,463
3,455
Income tax expense (273)
(296)

(697)
(617)
Income from continuing operations 1,863
1,438

3,766
2,838
Discontinued operations, net of income taxes –
761


756
Net income 1,863
2,199

3,766
3,594
Net loss attributable to noncontrolling interests 3
31

6
37
Net income attributable to Qualcomm $1,866
$2,230

$3,772
$ 3,631

Basic earnings per share attributable to Qualcomm:

Continuing operations $ 1.08
$ 0.86

$ 2.20
$ 1.70
Discontinued operations –
0.45


0.45
Net income $ 1.08
$ 1.31

$ 2.20
$ 2.15
Diluted earnings per share attributable to Qualcomm:

Continuing operations $ 1.06
$ 0.84

$ 2.15
$ 1.66
Discontinued operations –
0.44


0.44
Net income $ 1.06
$ 1.28

$ 2.15
$ 2.10
Shares used in per share calculations:

Basic 1,722
1,698

1,716
1,691
Diluted 1,763
1,743

1,757
1,732

Dividends per share announced $0.250
$0.215

$0.500
$ 0.430

Qualcomm Incorporated
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)

Three Months Ended
Six Months Ended

March 31,
2013
March 25,
2012

March 31,
2013
March 25,
2012
Operating Activities:

Net income
$1,863
$2,199

$3,766
$3,594
Adjustments to reconcile net income to net cash provided by

operating activities:

Depreciation and amortization
248
211

489
419
Gain on sale of wireless spectrum

(1,179)


(1,179)
Revenues related to non-monetary exchanges
(31)
(30)

(62)
(61)
Income tax provision (less than) in excess of income tax payments
(34)
382

161
500
Non-cash portion of share-based compensation expense
267
241

550
488
Incremental tax benefit from share-based compensation
(42)
(75)

(103)
(98)
Net realized gains on marketable securities and other investments
(84)
(101)

(179)
(144)
Gains on derivative instruments
(14)
(28)

(12)
(74)
Other items, net
55
36

91
62
Changes in assets and liabilities, net of effects of acquisitions:

Accounts receivable, net
(239)
(157)

(424)
(195)
Inventories
(207)
(71)

(454)
(21)
Other assets
(150)
14

(201)
(10)
Trade accounts payable
1
261

377
287
Payroll, benefits and other liabilities
590
(218)

203
(261)
Unearned revenues
(7)
403

(11)
360
Net cash provided by operating activities
2,216
1,888

4,191
3,667
Investing Activities:

Capital expenditures
(289)
(276)

(494)
(635)
Purchases of available-for-sale securities
(4,160)
(5,009)

(7,449)
(7,036)
Proceeds from sale of available-for-sale securities
2,306
1,940

4,532
3,543
Purchases of trading securities
(826)
(502)

(1,796)
(1,639)
Proceeds from sale of trading securities
574
503

1,598
651
Proceeds from sale of spectrum

1,925


1,925
Acquisitions and other investments, net of cash acquired
(93)
(29)

(132)
(329)
Other items, net
44
(57)

70
(53)
Net cash used by investing activities
(2,444)
(1,505)

(3,671)
(3,573)
Financing Activities:

Borrowing under loans and debentures

232


232
Repayment of loans payable

(151)


(151)
Proceeds from issuance of common stock
407
907

747
1,135
Incremental tax benefit from share-based compensation
42
75

103
98
Repurchases and retirements of common stock

(250)
(99)
Dividends paid
(431)
(366)

(859)
(729)
Other items, net
(4)
(59)

(2)
(39)
Net cash provided (used) by financing activities
14
638

(261)
447
Changes in cash and cash equivalents held for sale
18

31

Effect of exchange rate changes on cash and cash equivalents
(4)
13

(4)
(5)
Net (decrease) increase in cash and cash equivalents
(200)
1,034

286
536
Cash and cash equivalents at beginning of period
4,293
4,964

3,807
5,462
Cash and cash equivalents at end of period
$ 4,093
$ 5,998

$ 4,093
$ 5,998
Source: Qualcomm Incorporated
Related stocks: NASDAQ-NMS:QCOM

Written by asiafreshnews

April 26, 2013 at 1:20 pm

Posted in Uncategorized

Goodman Completes Acquisition of a Prime 26,000 sqm Development Site in Nagoya, Japan and will Develop a 51,000 sqm Pre-leased Modern Logistics Facility

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TOKYO, April 24, 2013 /PRNewswire/ — Goodman Group (Goodman) today announced that the Goodman Japan Development Partnership (GJDP) has acquired a prime 26,000 sqm development site in Nagoya, Japan and will develop a 51,000 sqm logistics and distribution facility on the site. Goodman has separately entered into a 15-year pre-lease with a Japanese third party logistics and transport company over 27,000 sqm, representing 53% of the proposed net lettable area.

Artist’s impression of the planned development
Key details include:

This site is strategically located in Obu City, a prime logistics area, which is a short distance to the Nagoya CBD and Nagoya Port. It is also only 700 metres to the Toyoake Interchange of the Ise-Wangan Expressway, a major transport and logistics route between Tokyo and Osaka
Construction to commence shortly of a new, modern, 4-storey, ramp access, logistics and distribution facility with 51,000 sqm of net lettable area
A leading Japanese 3PL will occupy 53% of the new facility on a long term lease. Strong customer interest has already been registered for the remaining development space, with no modern logistics space available for lease in this tightly held, predominantly owner occupier market.

Goodman Japan CEO, Mr. Paul McGarry commented: “We have a clear strategy in Japan focused on acquiring prime development sites in key strategic locations. This latest acquisition and pre-lease to a high quality Japanese 3PL, is consistent with this strategy and further demonstrates our proven ability to selectively secure development opportunities via off-market transactions that meet the needs of our customers and investment partners.”

Goodman Group CEO, Mr. Greg Goodman commented: “This acquisition is the fourth project in the Goodman Japan Development Partnership, a 50/50 JV with the Abu Dhabi Investment Council. The joint venture’s first development project, Goodman Sakai is currently under construction with completion scheduled for March 2014, and we are in advanced negotiations with customers for 87.5% of the building. Customer demand in Japan for modern logistics remains strong and we see significant opportunity given the favourable market dynamics, our strong local platform and the quality of our global customer and capital partner relationships.”

About Goodman Group

For more information please visit http://www.goodman.com

For further information, please contact:
Mathew Werner
Group Corporate Communications Manager
+61-2-9230-7159
Mari Tokaji
Assistant Manager, Central Executive, Goodman Japan
+81-3-6910-3341

Written by asiafreshnews

April 26, 2013 at 12:27 pm

Posted in Uncategorized

SunEdison, Fox Energy Sign Solar Module Manufacturing Services Agreement

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BELMONT, Calif., April 25, 2013 /PRNewswire/ — SunEdison, a leading global solar energy services provider and a subsidiary of MEMC Electronic Materials, Inc. (NYSE: WFR), announced today that its affiliate, MEMC Singapore, entered into a photovoltaic module manufacturing services agreement with Fox Energy, the photovoltaic solar business subsidiary of Foxconn Technology, whereby Fox Energy will manufacture up to 350 megawatts (MW) of solar modules for SunEdison. The modules will be produced in a manufacturing facility located in Juarez, Mexico.

The agreement is part of SunEdison’s virtual vertically integrated business strategy leveraging the manufacturing expertise of partners like Fox Energy and enabling SunEdison to bring high quality solar modules to market while continuing to reduce levelized cost of energy (LCOE).

“We’re thrilled to partner with Fox Energy to produce our Silvantis™ family of solar modules,” said Gokul Krishnan, general manager of SunEdison’s solar module business unit. “Fox Energy’s global footprint allows SunEdison to manufacture modules near our high growth end-markets which helps us keep costs down while meeting local content requirements.”

As of December 31, 2012, SunEdison had interconnected over 989 MW of solar energy and had a pipeline of 2.6 GW. This relationship with Fox Energy  will assist SunEdison in its global expansion.

“SunEdison’s collaborative photovoltaic module supply agreement demonstrates our customer’s recognition of Fox Energy quality, continuous technological enhancements and best-in-class after-sales services,” said Dr. Jeffrey Lu, President of Fox Energy Inc. “Our automated PV module manufacturing process and stringent quality controls will help SunEdison meet the high standards their customers have come to expect.”

The relationship between Fox Energy and SunEdison was facilitated in conjunction with the Borderplex Alliance, a bi-national economic alliance.

“This is proof positive that our bi-national region combines the best of what the U.S. and Mexico have to offer: World class manufacturing and technological innovation,” said Rolando Pablos, Chief Executive Officer of The Borderplex Alliance. “We take pride in the fact that these two globally-recognized companies have chosen our region to launch this new venture. This announcement is foundational; it may very well prove to be the tipping point to our regional goal of becoming the solar energy development capital of North America.”

Silvantis Solar Modules
Silvantis solar modules are designed to reduce LCOE for solar installations. The recently announced Silvantis F330 is a high-efficiency module that significantly reduces BOS costs versus multi-crystalline with leading edge technology. Additionally the Silvantis Solar Modules have attained a 1000V UL rating which allows more modules to be wired together in each string resulting in significant inverter cost savings. With fewer combiner boxes and wiring home-runs are needed due to industry leading high wattage, Silvantis is reducing balance-of-systems (BOS) costs for large-scale installations.

About SunEdison
SunEdison is a global leader in delivering solar power. The company develops, finances, installs and operates distributed power plants using proven photovoltaic technologies, delivering fully managed, predictably priced solar energy services for its commercial, government and utility customers. As of December 31, 2012, SunEdison had interconnected over 989 Megawatts of solar electricity throughout the world. For more information about SunEdison please visit www.sunedison.com. SunEdison is a subsidiary of MEMC Electronic Materials, Inc. (NYSE: WFR).

About Fox Energy Inc.
Fox Energy Inc. is the photovoltaic solar business subsidiary of Foxconn Technology, a newly-emerging vigorous solar company focusing on gigawatt scale module manufacturing. The company is targeting in providing integrated solar power plant system hardwares to deliver an economically attractive total solution to its customers. For further inquiries, please send contact mail to Ping-Yin.Hou@Foxconn.com

About Borderplex Alliance
The Borderplex Alliance is a bi-national metro area of more than 2.7 million people, encompassing three states and two nations — offering a globally competitive business environment. Led by the private sector, the primary mission of the Borderplex Alliance is to develop a world class regional economy thru advocacy of pro-development policy, attracting new jobs and foreign direct investment, and by assisting the expansion of the region’s existing business/industry base.

Forward-Looking Statements
Certain matters discussed in this press release are forward-looking statements, including that Fox Energy will manufacture up to 350 megawatts (MW) of solar modules for SunEdison. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include normal commissioning risks attendant to large scale solar projects, delays or interruptions in construction, deployment or activation of the facility; the timely availability of required permits and authorizations for projects from governmental entities and third parties; changes in applicable regulatory requirements and incentives for production of solar power; and general business and economic conditions, and other risks described in MEMC’s filings with the United States Securities and Exchange Commission. These forward-looking statements represent MEMC’s judgment as of the date of this press release. MEMC disclaims, however, any intent or obligation to update these forward-looking statements.

Source: MEMC Electronic Materials, Inc.

Written by asiafreshnews

April 26, 2013 at 12:00 pm

Military Offsets Market Looks to the Middle East and Asia-Pacific, finds Frost & Sullivan

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– Extensive re-armament programmes create growth potential in these regions, even as Europe falls by the wayside

LONDON, April 25, 2013 /PRNewswire/ — Despite the global economic instability, military offsets markets present strong dynamics, fuelled by significant defence procurement programmes in Asia-Pacific (APAC) and the Middle East. Due to the tense political situation in the Middle East and an intensifying regional arms race in South East Asia, defence budgets of several countries in these regions are expanding, rather than shrinking.

New Market Insight (MI) from Frost & Sullivan (http://www.defence.frost.com), Military Offsets & In-country Industrialisation – Top 20 Military Offsets Markets, finds that ambitious military platform procurement plans and related military offsets packages across APAC, Middle East and Latin America countries will support a compound annual growth rate (CAGR) of 3.5 per cent over the 2012-2021 period. Governments in these countries are interested in using military offsets projects mainly as a tool to develop the industrial capabilities of the local defence sector.

“Several high-value military offsets deals are expected in line with massive procurement programmes in APAC and Middle Eastern countries,” noted Frost & Sullivan Aerospace, Defence and Security Industry Analyst Dominik Kimla. “Military offsets packages have to be attractive – in terms of scale, level of technology transfer and long-term effects of the investment on the local economy – in order to successfully meet the key demands of customers in these regions.”

Saudi Arabia is anticipated to be the biggest military offsets market among the analysed countries, with the country’s military offsets obligations projected to surpass $62.63 billion by 2021. The highest growth of the military offsets markets, in terms of CAGR, will be witnessed in APAC countries and regions such as Indonesia, South Korea and Taiwan.

“Since the APAC and Middle East regions present the highest growth of military offsets obligations, companies interested in entering these markets should regularly assess the market for potential offset receivers and set-up working relations with them well before the announcement of arms contracts,” advised Kimla.

In Europe, the picture that emerges is starkly different. Due to severely curtailed defence procurement programmes, the military offsets market across most countries in the region are expected to experience limited or even negative CAGR.

The one ray of hope is Poland, which is forecast to register high growth in offsets investments due to the execution of notable defence modernisation programmes. However, with the implementation of EU regulations, which significantly narrow the military offsets practice among member states, it is expected that Polish military offsets requirements will, at least partially, be covered under the indigenisation practice.

“Overall, OEMs need to incorporate military offsets as a standard business practice in relevant defence markets as it is increasingly emerging as one of the key success factors in defence contract selection process,” concluded Kimla. “A robust network of potential military offsets partners and advisers, and stringent selection / vetting process is essential during procurement process.”

If you would like to know more about this MI, please e-mail Joanna Lewandowska, Corporate Communications, at Joanna.lewandowska@frost.com, with your full contact details. The report is also available on Slide Share.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

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Contact:
Joanna Lewandowska
Corporate Communications – Europe, Frost & Sullivan
Tel: +48-22-481-62-20
E-mail: joanna.lewandowska@frost.com

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Source: Frost & Sullivan

Written by asiafreshnews

April 26, 2013 at 11:29 am

Posted in Uncategorized

Tribotecc Chooses Quintiq’s Platform to Improve Visibility and Increase Productivity

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PRNewswire/ —

Quintiq, a global leader in supply chain planning and optimization (SCP&O), today announced that Tribotecc GmbH, has chosen Quintiq’s platform for demand and procurement planning and production scheduling.

(Logo: http://photos.prnewswire.com/prnh/20130328/606756)

A subsidiary of Rockwood Holdings, Tribotecc is the world’s leading supplier of friction stabilizers based on metal sulfides. The Quintiq solution will provide Tribotecc with more operational visibility and functionality than its current system, to support its new article master data structure in Vienna and Arnoldstein, Austria.

The Quintiq solution will bring real-time visibility to Tribotecc’s entire sales, purchase and production chain, as well as the flexibility and functionality to operate according to a specified set of KPIs. Quintiq will empower the metal sulfides manufacturer to:

  • Increase productivity including reduced lead time
  • Decrease inventory through accurate forecasting and visibility of stock levels
  • Sustain costs through optimizing lot sizes and packaging
  • Keep delivery performance above 95%.

“Our new article master data structure could not be modeled in our current software,” said management of Tribotecc. “Quintiq won us over by demonstrating its integration capabilities, transparency as well as the flexibility enabling the software to be custom-tailored to process the many specific requirements of both the chemical industry and Tribotecc – such as byproducts, alternative raw material input, loss, lot optimization and sequencing – over various planning horizons.”

“Quintiq is delighted to be delivering the unmatched transparency and functionality that Tribotecc was looking for through a single, 100%-fit SCP&O solution,” said Jos Braam, Director, Manufacturing at Quintiq. “The specialty chemical and pharmaceutical businesses of Austria, Germany and Switzerland offer an exciting new area of challenge for Quintiq as we continue our massive growth.”

About Tribotecc GmbH

A subsidiary of Rockwood Holdings, Tribotecc GmbH is a producer of highly engineered tribological applications based on innovative synthetic solutions and is the world’s leading supplier of friction stabilizers based on metal sulfides. http://www.tribotecc.at

About Quintiq

Quintiq’s revolutionary supply chain planning and optimization (SCP&O) platform enables enterprises to improve efficiency at every stage of the supply chain journey. It powers end-to-end planning and optimization of personnel, resources, and processes in a single planning environment, across all planning horizons. Many of the world’s largest and most successful enterprises rely on Quintiq to achieve their business goals, strengthen their competitive advantage, and create new revenue streams.

Established in 1997 and growing rapidly, Quintiq has a global presence with dual headquarters in the Netherlands and the USA, a global development center in Malaysia, and offices around the world. Quintiq’s software is in use at over 500 locations in 78 countries worldwide.

For more information, visit http://www.quintiq.com or follow Quintiq on TwitterFacebookLinkedIn and YouTube.

Press Contacts:

North America Enquiries

Jon Temerlies
Racepoint Group
Tel: +1-202-349-0859
Quintiq@Racepointgroup.com

EMEA Enquiries

Charlotte Poh
Global Marketing Communication Manager
Tel: +31(0)736910739
pressrelease@quintiq.com

Source: Quintiq

Written by asiafreshnews

April 26, 2013 at 11:06 am

Cuckoo Reinforces Product Performance to Strengthen Brand Loyalty

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  • Cuckoo, building a premium image through strengthening the performance of its products

SEOUL, South Korea, April 25, 2013 /PRNewswire/ — Cuckoo, the Republic of Korea’s number one rice cooker brand, has suffered a lot due to imitations of its products in Vietnam. Cuckoo rice cookers are very popular in Vietnam, but imitations have cropped up one after another.

'Cuckoo', reinforces product performance to strengthen brand loyalty
‘Cuckoo’, reinforces product performance to strengthen brand loyalty

Cuckoo was established in the Republic of Korea in 1978 and has exceeded sales of 25 million rice cookers in the Republic of Korea. Cuckoo has 75% of the market share, and is ranked number one in the field of electric rice cookers. All Cuckoo rice cookers are produced in Korea and are high quality, which is reflected in Cuckoo’s technology and over 35 years of know-how.

Cuckoo products have been highly praised in Vietnam for rice taste, quality, design and use, as well as ranked number one in the premium brand market. Consumers rank “durability” and “convenience” as the two key factors when buying rice cookers. Vietnamese consumers consider these to be CUCKOO’s strengths, meaning that Cuckoo’s products have satisfied Vietnamese consumers’ needs completely. Thanks to the consumer response in Vietnam, Cuckoo will open five shops this year so Vietnamese consumers can experience Cuckoo’s various products.

Imitation products are being sold disguised as Korean products, targeting Korean products’ high status in Vietnam. Using brand names reminiscent of Korea even though the products have nothing to do with Korea is typical. Imitation products are sold openly, using terms written in Hangeul (the Korean alphabet) such as “cooking” and “warming”, and stamped with Cuckoo’s trademarks and design. These imitation brands don’t meet the standards and functionality of Cuckoo products “made in Korea.” These brands deceive consumers with products that appear similar to Cuckoo’s products.

Some consumers unintentionally buy these products. For example, consumers mistake Japanese products produced in China or Thailand as truly “made in Japan.” In the case of Japanese products, consumers tend to believe they are unconditionally “made in Japan,” even though most of these products are actually produced in Thailand and China.

Cuckoo is counteracting the harm imitation brands have done by allowing customers to experience the quality of genuine Cuckoo products for themselves. If there is a significant difference in function and performance between an imitation product and a Cuckoo product, consumers will attempt to tell the difference between imitation and genuine products when buying them. Cuckoo always provides consumers with products of the highest quality.

Cuckoo products are all marked with a rating sticker that reads ‘CUCKOO ELECTRONICS CO., LTD (HAN QUOC)’, which helps to minimize harm to consumers due to imitation brands. To check whether you are buying a genuine Cuckoo product, check whether the rating sticker has the following:

  • Producer : CUCKOO ELECTRONICS CO., LTD (HAN QUOC)
  • Marked “KOREA” in the address
  • Area of Production: HAN QUOC
  • Brand Logo: “CUCKOO”
  • Marked “MADE IN KOREA” (usually on the panel depending on the model)

Avoid products priced less than 1,000,000VND, whose designs are crude. If consumers are careful of imitation brands, their material and mental loss due to imitation brands can be reduced.

Source: Cuckoo Electronics Co., Ltd.

Written by asiafreshnews

April 26, 2013 at 10:27 am