Qualcomm Inc (QCOM)

[khemara_qc]

Qualcomm "overweight", Target $48.

Friday, January 21, 2005 7:33:46 AM ET
Prudential Financial


NEW YORK, January 21 (newratings.com) - Analyst Inder M Singh of Prudential Financial reiterates his "overweight" rating on Qualcomm (QCOM.NAS). The target price is set to $48.

Most popular stories:
Pfizer "strong buy," target price reduced - update 6:29am
Macromedia upgraded to "strong buy" 4:17am
eBay downgraded to "hold" - update 6:56am
Pfizer asked for additional Celebrex data by EMEA 4:48am
Nortel targets Chinese cellular market with 3G joint venture - update 1 4:19am
more...
In a research note published yesterday, the analyst mentions that the company reported its 1Q05 EPS ahead of the consensus and the guidance, while its pro forma sales were in-line with the pre-announcement. Qualcomm witnessed capacity constraints on RF components during the quarter and expects to resolve these issues in the forthcoming weeks, the analyst says. Prudential Financial believes that WCDMA demand would be the key driver for the company's growth in the near term.


http://www.newratings.com/analyst_news/article_660510.html