Qualcomm Inc (QCOM)

[khemara_qc]

Manager favors Frontier Oil, Qualcomm
April 17, 2006 05:43 PM ET
http://moneycentral.msn.com/content/CNBCTV/Articles/StockPicks/P149794.asp

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QCOM 9
QUALCOMM, Inc. 51.02 unch Charts | Msgs | All QCOM picks

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Cuggino recommended the following stocks during an appearance Monday on CNBC's "Kudlow & Company." Get additional details below, and use the CNBC.com on MSN tools, including StockScouter, to learn more about each company. And keep up with the Street with MSN Money’s Market Summary.

QUALCOMM, Inc.

• The company is a leading developer of wireless-chip technology. It pioneered CDMA (code division multiple access) technology used in cell phones and other wireless communications equipment.
• As the CDMA patent holder, Qualcomm derives royalties from licensing its technology to cell phone makers. Technology licensing accounts for one-third of company sales.
• Qualcomm is well positioned to benefit in the ongoing shift to newer 3G or third-generation cell-phone technologies that can transmit data at higher speeds, Cuggino said.
• Qualcomm benefits from the preference for high-tech over cheap-tech in the market for “smart” mobile phones, wrote Caris & Co. tech analyst Mark Stahlman in an April 6 Investors’ Soapbox column for Barron’s. “This tilt toward high-tech is likely to stretch into 2007-2008 and possibly beyond,” Stahlman wrote. “(A) broad upgrade cycle -- to support the global expansion of digital services -- is the most important change in technology in the past five to 10 years, in our opinion.”
• Piper Jaffray on April 17 raised its 12-month price target on Qualcomm to $57 from $55.
• The stock opened at $51.42 on April 17. It fluctuated between $52.48 and $32.70 over the preceding 12 months.
• According to Zacks, the average brokerage recommendation for Qualcomm is moderate buy.
• Qualcomm on April 17 was rated 9 out of 10 on StockScouter.