Qualcomm Inc (QCOM)

[khemara_qc]

Qualcomm "overweight"

Monday, October 25, 2004 6:51:30 AM ET
Prudential Financial


NEW YORK, October 25 (newratings.com) – Analyst Inder M Singh of Prudential Financial reiterates his "overweight" rating on Qualcomm Inc (QCOM.NAS). The target price is set to $44.


In a research note published on October 22, the analyst mentions that Qualcomm is well positioned to benefit from the ongoing transition in the wireless infrastructure spending trends from GSM technology to next-generation technologies. Prudential Financial believes that Ericsson's recently announced outlook for a potential weakness in the wireless infrastructure market, which is primarily centered on GSM networks, does not indicate any negative end market spending trends for Qualcomm.


http://www.newratings.com/new2/beta/article_499563.html