Zeev's Turnips Patch-No Politics (ZEEV)

[dec212012]

not sure if we saw this yesterday...07:32 QCOM Qualcomm tgt raised to $90 from $75 at Merrill Lynch (72.98 )

Merrill Lynch raises Qualcomm's price tgt to $90 from $75 based on view that: 1) Competition will continue to drive 3G deployment as US carriers are responding to Verizon's deployment of EV-DO. 2) West European mkts are going through the same path, with carriers responding to Vodafone's rollout of WCDMA. 3) Co's expected share growth in the WCDMA chip mkt. 4) Limited traction noticed for TI's CDMA chip. 5) Potential market for co's chip with DoCoMo in Japan. 6) A possibility for selling EV-DO chips to Nokia. Firm raises 2005 EPS est to $2.23 from $2.10 (Reuters consensus $2.21).


http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=20271443