Qualcomm Inc (QCOM): Zacks Bull and Bear of the Day Highlight...

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khemara_qc

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Wednesday, 01/31/2007 11:05:18 AM

Wednesday, January 31, 2007 11:05:18 AM

Zacks Bull and Bear of the Day Highlights: SINA Corp., Whole Foods, Qualcomm and Buckeye Partners
Wednesday January 31, 6:00 am ET

http://biz.yahoo.com/bw/070131/20070131005113.html?.v=1

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Analyst Blog:

We maintain our Buy recommendation and raise our target price for Qualcomm (Nasdaq: QCOM - News), a leading developer of digital wireless chipsets based on CDMA (code division multiple access) technology. The company's fundamentals remain strong as robust wireless industry growth and new service initiatives, such as mobile media and 3G (third generation) technologies, drive healthy sales. The company also generates nearly 33% of sales from recurring royalty income related to intellectual property licensing. Although the company is facing royalty related litigation issues with some of its large customers, we believe continued strength in the 3G wireless market, coupled with superior technology and a cash intensive balance sheet, support the long-term growth prospects of the company. QCOM has given guidance that it will be able to maintain a high rate of average selling price despite facing increased competition.