Both INTC and QCOM are looking for a way to spur growth again.  Both companies are facing challenges because the markets they operate in are so mature. Both are great comapnies but not particularly great companies for me to own at this time, maybe for a quick trade.  I am sure they will find a way to reinvent themselves, it will just take time.

That said, I have been reading the for INTC, the bar has been set low enough to easily beat, so the stock should react well.