Qualcomm Inc (QCOM): This is a Big Joke! http://www.newrat...

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Thursday, 03/09/2006 6:56:46 PM

Thursday, March 09, 2006 6:56:46 PM

This is a Big Joke!

http://www.newratings.com/analyst_news/article_1223927.html

Qualcomm "sector perform," estimates raised

Thursday, March 09, 2006 1:14:37 AM ET
RBC Capital Markets

NEW YORK, March 9 (newratings.com) - Analyst Apjit Walia of RBC Capital Markets reiterates his "sector perform" rating on Qualcomm (QCOM.NAS), while raising his estimates for the company. The target price is set to $36.

In a research note published yesterday, the analyst mentions that the company has raised its revenue and pro-forma EPS guidance for the March quarter from $1.63-$1.73 billion to $1.75-$1.82 billion and from $0.35-$0.37 to $0.40-$0.41. The upside reflects higher-than-expected WCDMA licensee handset shipments in Europe, CDMA shipments in North America and India and volumes for low end voice-centric and high-end EV-DO products. The EPS estimate for FY06 has been raised from $1.47 to $1.54.