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khemara_qc

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khemara_qc

Re: None

Thursday, 03/16/2006 8:21:49 AM

Thursday, March 16, 2006 8:21:49 AM

Post# of 24710
Merrill Lynch Upgrades Qualcomm To Buy From Neutral

Thursday, March 16, 2006 7:41:55 AM ET
Dow Jones Newswires

http://www.newratings.com/analyst_news/article_1229831.html

Merrill Lynch upgraded Qualcomm Inc. (QCOM.NAS) to buy from neutral because investors should focus on the telecommunication concern's growth, rather than a European Commission "abuse of dominance" investigation that could take years to complete.

Merrill Lynch said the process may take a few years and it expects Qualcomm will benefit in the meantime from low estimates and from strong momentum in handset sales and in the chip side of the business.




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