QCOM

JP Morgan downgraded QCOM this morning, I guess that explains the decline of yesterday and today.

• citing its belief that contract negotiations with Nokia over the Finnish handset maker's WCDMA license agreement could very likely end in a stalemate with the companies failing to agree to new terms without the third-party intervention the joint venture with Sanyo Electric would have provided. The broker told clients it believes there is little-to-no chance of Nokia's WCDMA royalty rate increasing and a non-trivial chance it could decrease.

Hmm, Is it a bit late for this downgrade? The news has out for a while and QCOM has fallen significantly.