Qualcomm Inc (QCOM)

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Special for Punkin from Forbes

http://www.forbes.com/markets/2005/07/14/qualcomm-earnings-wireless-0714markets07.html?partner=yahoo...

Market Scan
Qualcomm Shares At 'Attractive Entry Point'
07.14.05, 11:22 AM ET

Credit Suisse First Boston maintained an "outperform" rating and $45 price target on Qualcomm (nasdaq: QCOM - news - people ) shares. "We expect WCDMA adoption to accelerate in 2006 and continue to expect Qualcomm to achieve sustainable revenue and earnings-per-share growth substantially in excess of the global handset market." The research firm's near-term outlook is slightly less bright. Accounting for slower-than-expected near-term CDMA subscription trends, fiscal 2005 earnings estimates were trimmed to $1.13 per share on revenue of $5.54 billion, down from earnings of $1.14 per share on revenue of $5.6 billion. "[W]e believe [Qualcomm's] valuation is compelling, particularly relative to its historical trading range. We therefore view this as an attractive entry point and would expect to see more evidence of a late 2005 3G ramp in Europe over the next few months."