Qualcomm Inc (QCOM)

[khemara_qc]

Three Picks In The Handset Sector
10.12.04, 8:52 AM ET

http://www.forbes.com/markets/2004/10/12/1012automarketscan01.html?partner=yahoo&referrer=

Piper Jaffray said September handset sales are generally tracking in-line with expectations but that fewer channels were beating their internal plans, "leading us to believe there is limited upside to third-quarter North American handset sales." The research firm said sales of GSM camera phones from Motorola (nyse: MOT - news - people ) appeared strong, while sales of Motorola's V.710 at Verizon Communications (nyse: VZ - news - people ) stores were also strong. "While Nokia (nyse: NOK - news - people ) appeared to slightly improve its share at Cingular during September, these were for lower-end products, and we believe Nokia continues to struggle overall for North American market share," Piper Jaffray said. "We believe Qualcomm (nasdaq: QCOM - news - people ) is well positioned to post solid growth due to continued strong demand for chipsets, healthy channel inventory, and growing 3G visibility in Europe and Asia." Piper Jaffray currently holds "outperform" ratings on Motorola, Nokia and Qualcomm. In addition, the research firm reiterated an "outperform" rating on Skyworks Solutions (nasdaq: SWKS - news - people ), saying near-term trends for the wireless chipmaker remain solid.