Qualcomm inked a definitive agreement to sell subsidiary Omnitracs Inc to Vista Equity Partners in a deal valued at USD 800 million.
Facebook CEO Mark Zuckerberg would lead a project focused on making web access affordable for the 5 billion individuals worldwide who are not online yet.
Nvidia projected a current-revenue of US$1.05 billion, plus or minus 2%, which was below analysts' estimates.
Analysts eased concerns about Qualcomm-Alcatel joint venture and said that the two companies would gain from the enterprise.
Alcatel-Lucent beats estimates set by analysts after Qualcomm Inc. announced to purchase the former's minority stake.
Analysts said that Microsoft would not win against the currently fast growing chipmaker Qualcomm.
A 2% increase of shareholdings was done by Bharti Airtel in the venture established with Qualcomm Inc.
Bharti Airtel increased its current stake in Qualcomm Inc from the previous 49% to 51% announced last Thursday.
Chinese smartphone maker Xiaomi Technology is in the process of closing a fundraising round that will value it at $4 billion - almost half of Nokia's (NOK1V.HE) market capitalization.