Qualcomm Inc (QCOM)

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Banc of America's top "buy"-rated picks in wireless equipment are Nokia and Qualcomm (nasdaq: QCOM - news - people ), with a $49 price target.
http://www.forbes.com/markets/2005/02/11/0211automarketscan06.html?partner=yahoo&referrer=

Nokia Set For Upside With New Handsets
02.11.05, 11:43 AM ET

Banc of America Securities maintained a "buy" rating for Nokia (nyse: NOK - news - people ) and said the maker of cell phones is set to see rising sales on the introduction of 10 new handsets in 2005. "Our view on the shares remains very positive given the strong handset market, improving product portfolio, and increased stock repurchase program," Banc of America said. The research firm has a price target of $20 for Nokia and expects new phone models to drive first-quarter sales growth. "Market share in the second half of 2005 will depend on the success of phone introductions, which we expect to be weighted towards the second quarter," it said. "If Nokia's new products are successful, we see upside to 2005 sales and earnings per share." Banc of America's top "buy"-rated picks in wireless equipment are Nokia and Qualcomm (nasdaq: QCOM - news - people ), with a $49 price target; its least favorite picks, rated at "neutral," are Ciena (nasdaq: CIEN - news - people ), with a price target of $2.50, and Lucent Technologies (nyse: LU - news - people ), with a target price of $3.50.