French mobile app devlopment platform Streamezzo has received €4 million (£3.58 million) in VC funding in a round led by Innovacom with support from existing investors including Sofinnova Partners and Qualcomm (NSDQ: QCOM). Paris-based Streamezzo claims its standardised, open app development makes it easier for developers to get their apps published across the major mobile networks including Apple’s iPhone, Qualcom’s Brew, Java and Google’s Android. The money will go towards international expansion and some “consolidation” of the company’s position in China. The company yesterday appointed Olivier Avaro as its new CEO. Release.

You couldn’t pick a more inopportune time to launch a new gaming console: video game sales remain strong, but the global financial slump has tanked overall electronics sales. But stealthy startup Zeebo isn’t worried about that. The S.F.-based company unveiled its namesake device at the Game Developers Conference today, a video game console aimed not at the saturated U.S. gaming market, but middle-class gamers in emerging markets like Brazil, Russia, India and China (BRIC). CEO John Rizzo told GDC attendees that a console had to be affordable to succeed in the BRIC countries; its launch price is $199, but that’s expected to come down to $150 later this year. That’s a stark contrast from the roughly $1,000 that a new PS3 or Wii can cost in countries like Brazil where they haven’t officially launched, and the only option is illegal trading (per Gamasutra). It also doesn’t compete with the PS3, Xbox 360 or Wii, because it runs solely on downloadable games. MarketWatch reports that tech giant Qualcomm (NSDQ: QCOM) invested an undisclosed amount in the startup last year based on interest in its wireless technology. And Qualcomm is bullish on Zeebo’s sales potential: Mike Yuen, Qualcomm’s senior director of games and services predicted success akin to Amazon’s Kindle. More after the jump. The Zeebo can can hold about 50 games at a given time; currently the roster is made up of mostly older games like Quake and the Need for Speed franchise, but publishers like EA, Capcom and Namco have already signed on to either license or develop games for the service. It’s designed for cost-effectiveness, since publishers can save on packaging and distribution costs (and pass those savings to gamers), but also to combat the piracy that comes with selling disc-based games. Photo Credit: gamestooges

You couldn’t pick a more inopportune time to launch a new gaming console: video game sales remain strong, but the global financial slump has tanked overall electronics sales. But stealthy startup Zeebo isn’t worried about that. The S.F.-based company unveiled its namesake device at the Game Developers Conference today, a video game console aimed not at the saturated U.S. gaming market, but middle-class gamers in emerging markets like Brazil, Russia, India and China (BRIC). CEO John Rizzo told GDC attendees that a console had to be affordable to succeed in the BRIC countries; its launch price is $199, but that’s expected to come down to $150 later this year. That’s a stark contrast from the roughly $1,000 that a new PS3 or Wii can cost in countries like Brazil where they haven’t officially launched, and the only option is illegal trading (per Gamasutra). It also doesn’t compete with the PS3, Xbox 360 or Wii, because it runs solely on downloadable games. MarketWatch reports that tech giant Qualcomm (NSDQ: QCOM) invested an undisclosed amount in the startup last year based on interest in its wireless technology. And Qualcomm is bullish on Zeebo’s sales potential: Mike Yuen, Qualcomm’s senior director of games and services predicted success akin to Amazon’s Kindle. More after the jump. The Zeebo can can hold about 50 games at a given time; currently the roster is made up of mostly older games like Quake and the Need for Speed franchise, but publishers like EA, Capcom and Namco have already signed on to either license or develop games for the service. It’s designed for cost-effectiveness, since publishers can save on packaging and distribution costs (and pass those savings to gamers), but also to combat the piracy that comes with selling disc-based games. Photo Credit: gamestooges

You couldn’t pick a more inopportune time to launch a new gaming console: video game sales remain strong, but the global financial slump has tanked overall electronics sales. But stealthy startup Zeebo isn’t worried about that. The S.F.-based company unveiled its namesake device at the Game Developers Conference today, a video game console aimed not at the saturated U.S. gaming market, but middle-class gamers in emerging markets like Brazil, Russia, India and China (BRIC). CEO John Rizzo told GDC attendees that a console had to be affordable to succeed in the BRIC countries; its launch price is $199, but that’s expected to come down to $150 later this year. That’s a stark contrast from the roughly $1,000 that a new PS3 or Wii can cost in countries like Brazil where they haven’t officially launched, and the only option is illegal trading (per Gamasutra). It also doesn’t compete with the PS3, Xbox 360 or Wii, because it runs solely on downloadable games. MarketWatch reports that tech giant Qualcomm (NSDQ: QCOM) invested an undisclosed amount in the startup last year based on interest in its wireless technology. And Qualcomm is bullish on Zeebo’s sales potential: Mike Yuen, Qualcomm’s senior director of games and services predicted success akin to Amazon’s Kindle. More after the jump. The Zeebo can can hold about 50 games at a given time; currently the roster is made up of mostly older games like Quake and the Need for Speed franchise, but publishers like EA, Capcom and Namco have already signed on to either license or develop games for the service. It’s designed for cost-effectiveness, since publishers can save on packaging and distribution costs (and pass those savings to gamers), but also to combat the piracy that comes with selling disc-based games. Photo Credit: gamestooges

Qualcomm (NSDQ: QCOM), the wireless tech licensing and R&D giant, has quietly bought online, IPTV and mobile video tech provider Digital Fountain, according to Dan Rayburn, and later confirmed by the company. DF, based in Fremont, CA, first made its mark in providing the tech to national defense agencies, and from there on moved to mobile, online and IPTV sector. Besides its main product “DF Raptor” which allows companies to send digital media over any kind of connection, it added a CDN in 2007, but with heavy competition from much bigger players, was a marginal player at best. It says customers include *Cisco*, *Sirius XM*, *Sony*, *Nokia*, *Adobe*, and others. From the looks of it, it was mainly an asset sale so likely the price was small. Qualcomm said in the statement to Rayburn that it will retain a team of “seven key engineers that will continue to support the technology and existing Digital Fountain customers. The team will be located in Qualcomm’s Santa Clara campus. Also, that team will be led by Mike Luby, Digital Fountain’s founder and CTO, who will report to Qualcomm’s CTO.”

See the rest of the story here.

Theflyonthewall.com is Wall Street's specialist in breaking equity news. Veteran traders build a proprietary feed of news that's faster and more relevant than any other source. Try us for free and discover for yourself.

Or at least take a moment to read this first!

Below are the top 5 top-cap stocks on the NASDAQ in terms of highest PEG ratio.

Broadcom Corp (NASDAQ: BRCM) has a PEG ratio of 0.86. Citigroup initiated coverage of BRCM with a “buy” rating. Read more about this company here.

Celgene Corporation (NASDAQ: CELG) has a PEG ratio of 0.89. The trailing-twelve-month return on equity for CELG is 20.44%. Read more about this company here.

Google Inc (NASDAQ: GOOG) has a PEG ratio of 0.91. GOOG’s trailing-twelve-month operating margins are 35.15%. Read more about this company here.

Gilead Sciences Inc (NASDAQ: GILD) has a PEG ratio of 0.94. APOL’s shares have fallen by 10.52% over the past 52 weeks, as compared to a 21.48% rise in S&P500. Read more about this company here.

QUALCOMM Inc (NASDAQ: QCOM) has a PEG ratio of 0.95. Hilliard Lyons upgraded QCOM from “long-term buy” to “buy.” Read more about this company here.

A pile of intellectual property helps -- but it's not enough.

By Ellis MnyanduNEW YORK (Reuters) - The Dow industrials closed below 10,000 for the first time since November on Monday as investors sold bank shares due to heightened concerns about the euro zone's sovereign debt troubles.Bank of America BAC shares lost more than 3 percent, while JPMorgan JPM slipped 1.6...

We downgrade our recommendation for Novatel Wireless Inc. (NVTL) to Neutral, which means the stock should perform in line with the broader market. The company is facing intensifying competition for its core embedded solutions for wireless access. In addition to its traditional rival, Sierra Wireless (SWIR), Novatel is facing significant challenges from newly launched products by [...]

(NVTL) Novatel Wireless Gets Downgraded

We downgrade our recommendation for Novatel Wireless Inc. (NVTL) to Neutral, which means the stock should perform in line with the broader market. The company is facing intensifying competition for its core embedded solutions for wireless access. In addition to its traditional rival, Sierra Wireless (SWIR), Novatel is facing significant challenges from newly launched products by ...

Qualcomm (NASDAQ: QCOM) recently provided a disappointing outlook and lowered its 2010 guidance, citing competitive pricing and a slow recovery in developed markets. But the good news is that the company has design wins in Google’s Nexus One, as does Broadcom (NASDAQ: BRCM). Broadcom is also believed to be in the iPad. In a recent [...]

For the “Off The Charts” segment, Cramer went up against his colleague at TheStreet.com Dan Fitzpatrick over the chart of QUALCOMM Inc. (NASDAQ:QCOM), a stock Cramer holds in his charitable trust. On Thursday, the semiconductor maker plunged after it delivered disappointing guidance for the second quarter in a row. Cramer told viewers the stock took [...]

Qualcomm, Inc. (QCOM) has been heavily targeted by call buyers during the past week...(Read More)

Schaeffer's analyst Morgan Searcy takes a look at news on the Street before the market open

Schaeffer's analyst Morgan Searcy takes a look at news on the Street before the market open.

Schaeffer's Andrea Kramer takes a look at unusual option activity on the Street

Schaeffer's Senior Equities Analyst Joseph Hargett takes a look at news on the Street before the market open.

Schaeffer's analyst Colleen S. King takes a look at the major news of the day on Wall Street.