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Wednesday, 07/06/2005 2:57:34 PM

Wednesday, July 06, 2005 2:57:34 PM

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Qualcomm (QCOM ): Reiterates 4 STARS (buy)
Analyst: Kenneth Leon, CPA
JULY 6, 2005
http://www.businessweek.com/investor/content/jul2005/pi2005076_3863_pi010.htm?campaign_id=rss_invest

Following yesterday's filing by Broadcom of an antitrust lawsuit against Qualcomm, the company states the allegations of supposed monopolization of WCDMA market are false. Qualcomm says that to date it has granted over 130 licenses to broad range of companies. Based on its record of success in defending its intellectual property, we think Qualcomm will prevail in the lawsuit. We would regard any weakness today in Qualcomm shares as enhanced buying opportunity. Our 2005 earnings per share estimate remains 26 cents. Given our view of its unique pricing power with CDMA technology, our opinion is buy.
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