Qualcomm Inc (QCOM)

[khemara_qc]

Qualcomm "outperform"

Thursday, June 02, 2005 9:43:05 AM ET
Piper Jaffray

http://www.newratings.com/analyst_news/article_853544.html

NEW YORK, June 2 (newratings.com) - Analysts at Piper Jaffray maintain their "outperform" rating on Qualcomm Inc (QCOM.NAS). The target price is set to $50.

In a research note published this morning, the analysts mention that the demand for the company's high-end chipsets is expected to be boosted in the long-term by the accelerating trends in the mobile data market. Qualcomm is unlikely to post its results ahead of the guidance for the June and September quarters on account of sluggish sales of CDMA handsets, the analysts say. The company possesses an attractive patent portfolio, Piper Jaffray adds