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khemara_qc

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khemara_qc

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Tuesday, 06/14/2005 5:14:52 PM

Tuesday, June 14, 2005 5:14:52 PM

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Qualcomm "overweight", target price $48.

Tuesday, June 14, 2005 7:01:05 AM ET
Prudential Financial

http://www.newratings.com/analyst_news/article_870558.html

NEW YORK, June 14 (newratings.com) - Analyst Inder Singh of Prudential Financial maintains his "overweight" rating on Qualcomm Inc (QCOM.NAS). The target price is set to $48.

In a research note published yesterday, the analyst mentions that LG and Samsung are entering the Japanese WCDMA market through contract gains from NTT DoCoMo and Vodafone. The analyst expects Qualcomm to supply chipsets to LG and Samsung for their WCDMA handsets, gaining exposure to the Japanese market. According to Prudential Financial, the company has attractive growth opportunities in the international market.
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