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MarketScreener Homepage  >  Equities  >  Nasdaq  >  QUALCOMM Incorporated    QCOM

QUALCOMM INCORPORATED

(QCOM)
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QUALCOMM Incorporated : Press NoteNov 11, 2020DISH and Qualcomm to Collaborate on the Development of the Nation's First O-RAN Compliant 5G NetworkDISH and Qualcomm to Collaborate on the Development of the Nation's First O-RAN Compliant 5G NetworkDISH and Qualcomm to Collaborate on the Development of the Nation's First O-RAN Compliant 5G NetworkDISH and Qualcomm to Collaborate on the Development of the Nation's First O-RAN Compliant 5G NetworkDISH and Qualcomm to Collaborate on the De

11/19/2020 | 10:47am EST
Montblanc, Verizon and Qualcomm Collaborate to Launch the Montblanc Summit 2+ Smartwatch

First luxury brand to bring 4G LTE cellular connectivity to smartwatches

Nov 12, 2020SAN DIEGO

Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.

  • Montblanc, Verizon and Qualcomm Technologies, Inc. jointly launch the SUMMIT 2+ smartwatch, which is the first luxury cellular watch to make calls, answer messages and connect to online services.
  • Verizon extends its rich wearables portfolio with the addition of the MontblancSUMMIT 2+ and brings eSIM and number sharing to the device
  • The smartwatch is powered by the Qualcomm® Snapdragon Wear™ 3100 Platform and Wear OS by Google.

The Montblanc Summit 2+ is the latest addition to Verizon's connected smartwatch portfolio and represents the combination of Montblanc's heritage in watchmaking, the Qualcomm® Snapdragon Wear™ platform, and Verizon's award winning 4G LTE network. The Summit 2+ enhances the luxury business lifestyle by staying connected at all times with calling, messaging and access to the Google Assistant even when away from a smartphone.

Summit 2+ will be the first luxury smartwatch that can directly activate cellular connectivity right in the Wear OS by Google app on Android smartphones. Utilizing the embedded eSIM, users can easily setup their device and can adopt Verizon Number Share to share their phone number between their Android phone and the Summit 2+ smartwatch. Powered by the Snapdragon Wear3100 platform with 4G LTE, Summit 2+ owners will experience responsive performance, extended battery life, seamless connectivity and always-on experiences.

The distinctive Montblanc design gives traditional watch lovers ways to express themselves whilst housing top-notch technology inside a 43.5mm pure steel case. The Snapdragon Wear 3100 platform, which enables responsive performance, series of sensor based experiences, and extended battery life with a 440mAh battery, and the 1.28 inch AMOLED Screen are elegantly linked to a 22mm exchangeable strap. Inspired by the design codes of the Montblanc 1858 collection, the new iteration of Summit watches offers several design expressions: black DLC steel, stainless steel, rose gold coloured and bronze coloured steel.

New features:

  • Stress levelscan be tracked and managed to improve personal health and wellbeing.
  • Improved Heart Rate Algorithm.
  • Outdoor toolbox with Speedometer, Altimeter, Barometer, Compass and GPS.
  • Improved Workout Coach app with VO2max, a smart virtual fitness assistant that recommends personalized exercises and automatically adjusts to the user's physical needs, providing the right pace and training intensity levels.

'Montblanc is taking a bold next step in the luxury wearables sector with its new Summit 2+, offering even more capabilities through Snapdragon Wear 3100 and Wear OS by Google platforms,' says Nicolas Baretzki, CEO Montblanc. 'Designed to be a powerful daily companion, Summit 2 + links you to the world around you, enabling you to stay active and connected at all times.'

While the uniqueness of Summit has always been its ability to bridge the world of fine watchmaking with the connected benefits of a smartwatch, our new Summit 2+ is offering even more capabilities and functions through Snapdragon Wear 3100 and Wear OS by Google platforms, enabling to stay active and connected at all times, ' says Nicolas Baretzki, CEO Montblanc. 'It becomes an essential companion to its owners' daily routines, helping them navigate more effectively through the fast pace of today's lifestyles.'

'By working with Montblanc, we're giving our customers more choices and providing them with unique experiences with a variety of technology brands. With the power of Verizon's 4G LTE network, customers can stay connected on the Montblanc Summit 2 while they're on the go,' said Chris Emmons, executive director of device & product marketing at Verizon.

'The smartwatch segment is experiencing phenomenal growth driven by compelling connected experiences,' said Pankaj Kedia, Sr. Director & Global Head, Smart Wearables segment at Qualcomm Technologies, Inc. 'We, at Qualcomm Technologies, are delighted to be collaborating with Google, Montblanc, and Verizon to bring these experiences to the Montblanc Summit 2+. The Summit 2+, the first luxury connected smartwatch of its kind, combines the craftsmanship and design from Montblanc, the Snapdragon Wear platform's performance, power, and connectivity from Qualcomm Technologies, and the ubiquitous 4G LTE network from Verizon to bring the best of luxury and technology to the discerning consumer.'

The Montblanc Summit 2+ and MB 01 Headphones are available for purchase beginning Thursday, November 12th in select Verizon stores and on Verizon.com.

Technology Factsheet

Processor

Qualcomm® Snapdragon Wear™ 3100 Platform

OS Wear OS by Google
Dimension

Diameter 43.5 mm, thickness 13.72 mm

Display

1.28' AMOLED

Protection

2mm dome Sapphire crystal glass (with 0.45 bump)

Memory 1GB DDR
Storage 8GB Flash
Connectivity

Bluetooth 4.2 (BLE), Wi-Fi (802.11 b/g/n), GPS, NFC (with SE), LTE, 3G

LTE Network

Need to pick the SKU that Montblanc is deploying on the Verizon network

SKU1: WCDMA Band 1/8 LTE Band 1/3/38/40/41

SKU2: WCDMA Band 1/8 LTE Band 1/3/7/8/20/38
SKU3: LTE Band 2/4/5/7/13/66
Acoustics Speaker, Microphone
Sensor

Heart rate, Altimeter, Compass, Accelerometer, Gyroscope, Ambient light mode

Water Resistant

IPx8 water protection bar

Haptics Yes
Charger

5V1A, Type-C 2.0

Battery 440 mAh
Buttons

2 pushers + 1 crown button, rotating crown

About Montblanc
Synonymous with excellence in craftsmanship and design, Montblanc has been pushing the boundaries of innovation ever since the Maison first revolutionized the culture of writing in 1906. Ingenuity and imagination continue to be driving forces for the Maison today as it advances its expression of fine craftsmanship across product categories: luxury writing instruments, watches, leather goods, new technologies and accessories. Reflecting upon its ongoing mission to create fine lifetime companions born from bold ideas and expertly crafted through the skills of the Maison's artisans, the iconic Montblanc Emblem has become the ultimate seal of performance, quality and an expression of sophisticated style. With its origins deeply rooted in the culture of handwriting, Montblanc continues to assert its cultural commitment around the world honouring modern day patrons who support the advancement of the arts, as well as wide-ranging initiatives that promote arts and culture.

About Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world's leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers' demand for mobility, reliable network connectivity, security and control.

About Qualcomm
Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. We bring the benefits of mobile to new industries, including automotive, the internet of things, and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.

Qualcomm, Snapdragon and Snapdragon Wear are trademarks or registered trademarks of Qualcomm Incorporated.
Qualcomm Snapdragon Wear Platform is a product of Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm Contacts

Pete Lancia

Corporate Communications

1-858-845-5959

corpcomm@qualcomm.com

Mauricio Lopez-Hodoyan

Investor Relations

1-858-658-4813

ir@qualcomm.com

Disclaimer

Qualcomm Inc. published this content on 12 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2020 15:46:00 UTC


© Publicnow 2020
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Financials (USD)
Sales 2021 30 314 M - -
Net income 2021 6 872 M - -
Net Debt 2021 1 796 M - -
P/E ratio 2021 25,6x
Yield 2021 1,65%
Capitalization 178 B 178 B -
EV / Sales 2021 5,92x
EV / Sales 2022 5,35x
Nbr of Employees 41 000
Free-Float 99,9%
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Mean consensus BUY
Number of Analysts 29
Average target price 161,33 $
Last Close Price 157,09 $
Spread / Highest target 27,3%
Spread / Average Target 2,70%
Spread / Lowest Target -28,7%
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Managers and Directors
NameTitle
Steven M. Mollenkopf Chief Executive Officer & Director
Cristiano R. Amon President & Chief Executive Officer-Elect
Mark D. McLaughlin Chairman
Akash Palkhiwala Chief Financial Officer & Executive Vice President
James H. Thompson Chief Technology Officer
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