Qualcomm Inc (QCOM): Two Picks In Communications Equipment...

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Monday, 11/15/2004 1:46:15 PM

Monday, November 15, 2004 1:46:15 PM

Two Picks In Communications Equipment
11.15.04, 12:59 PM ET

http://www.forbes.com/markets/2004/11/15/1115automarketscan10.html?partner=yahoo&referrer=

Standard & Poor's Equity Research lowered the outlook for the communications equipment sub-industry to "neutral" from "positive" and advised investors to focus on "market leaders" such as Qualcomm (nasdaq: QCOM - news - people ) and Motorola (nyse: MOT - news - people ). S&P Equity Research said, "While we see the sub-industry benefiting from accelerated deployment of new technologies like fiber-to-home and voice over Internet protocol, we believe service providers will remain cautious with their spending budgets in the near term." The research firm said wireless spending "is being hurt by slower transition to 3G networks, while wireline spending is experiencing large declines for legacy products, like circuit switching." S&P Equity Research rates both Qualcomm and Motorola at "strong buy."