Mobile phone chipmaker Qualcomm (NSDQ: QCOM) announced plans to acquire video processing assets from Integrated Device Technology (NSDQ: IDTI) for an undisclosed sum. The all-cash deal will be completed by the end of September and will allow Qualcomm to incorporate IDT’s Hollywood Quality Video into its Snapdragon processor. Qualcomm continues to see record sales and profit growth, and is on pace to beat its 2010 profit growth of 24 percent.

On Aug. 8, Pall Corp reported (NYSE: PLL) preliminary fiscal fourth-quarter earnings of $0.82 per share, which fell short of Wall Street expectations of $0.88. This spurred two analysts to cut their full-year earnings forecast for the filtration equipment maker; the stock dropped 9.8 percent that day. Jon Wood, a Jeffries analyst cut his estimate to $3.05 from $3.30. Richard Eastman, an analyst with Baird, trimmed his forecast to $3.22 from $3.35.

Companhia de Bebidas das Americas’ (NYSE: ABV) stock hit a 52-week high of $36.30 on Sep. 1. The Brazil-based company produces beer, soft-drinks, teas, mineral water and sports drinks. As of early September, the firm’s net profits rose 32.5 percent for the trailing 12 months, while its operating margin was 40.8 percent. The company is expected to grow sales by 17.8 percent this year, according to consensus estimates.