Qualcomm Inc (QCOM)

[khemara_qc]

Qualcomm "outperform"

Tuesday, April 19, 2005 2:09:14 PM ET
RBC Capital Markets

http://www.newratings.com/analyst_news/article_784671.html

NEW YORK, April 19 (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 this morning, the analyst mentions that the company is likely to post its F2Q05 results in-line with the consensus. WCDMA continues to make inroads in Europe and is being widely accepted across Asia, the analyst says. Qualcomm is likely to capture a 20% market share in the WCDMA segment by the end of the current calendar year.