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khemara_qc

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khemara_qc

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Friday, 01/21/2005 10:22:41 AM

Friday, January 21, 2005 10:22:41 AM

Post# of 24710
Qualcomm "outperform,"estimates raised,target $50

Friday, January 21, 2005 6:30:14 AM ET
RBC Capital Markets


NEW YORK, January 21 (newratings.com) – Analyst Satya Chillara of RBC Capital Markets reiterates his "outperform" rating on Qualcomm (QCOM.NAS). The target price is set to $50.

In a research note published yesterday, the analyst mentions that Qualcomm reported its 1Q FY05 earnings and revenues marginally ahead of the estimates. RBC Capital Markets expects the company to witness robust WCDMA chipset shipment growth in 1H05. The EPS estimate for FY05 has been raised from $1.14 to $1.16.

http://www.newratings.com/analyst_news/article_660463.html
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