Qualcomm Inc (QCOM)

[khemara_qc]

Louis Navellier -- Blue Chip Growth Letter

http://cbs.marketwatch.com/news/story.asp?siteid=mktw&guid=%7BE1C584B3%2D74ED%2D4AD5%2D93B2%2D22...

We love the stock. It's a bit of a theme stock, but it's hot and its earning surprises have been relentless. Tech is experiencing a bit of resurgence. There's lot of optimism from companies like Hewlett-Packard (HPQ: news, chart, profile) and Dell (DELL: news, chart, profile). All business spending looks good in the third quarter, and even better in the fourth. Businesses are loading up on whatever equipment they need now, so desktop tech, like Apple (AAPL: news, chart, profile) or Autodesk (ADSK: news, chart, profile) look good, as do consumer tech stocks like Qualcomm (QCOM: news, chart, profile), Nextel (NXTP: news, chart, profile) and RIMM, which besides the BlackBerry, also makes a cell phone with a keypad for checking e-mail. We're not concerned about the litigation. They recently experienced a big pullback but have rebounded nicely. It's come back on light volume and we think its going to go higher, especially next year when there will be less tech stocks to buy, RIMM will stick out a little more.