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khemara_qc

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khemara_qc

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Tuesday, 01/25/2005 10:31:07 AM

Tuesday, January 25, 2005 10:31:07 AM

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Qualcomm "long term buy"

Tuesday, January 25, 2005 3:55:55 AM ET
Hilliard Lyons


NEW YORK, January 25 (newratings.com) - Analyst Tom Carpenter of Hilliard Lyons reiterates his "long term buy" rating on Qualcomm Incorporated (QCOM.NAS). The target price is set to $47.

In a research note published yesterday, the analyst mentions that the company has announced its F2Q05 guidance short of the consensus, despite having reported robust results for F1Q05. Qualcomm expects its EPS to accelerate in F2H05, the analyst says. The company is benefiting significantly from the rapid growth of the 3G CDMA 2000 and WCDMA markets, Hilliard Lyons adds. The analyst expects the company's royalty revenues to increase significantly during 2006.

http://www.newratings.com/analyst_news/article_664529.html
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