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khemara_qc

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khemara_qc

Re: None

Monday, 08/29/2005 2:21:48 PM

Monday, August 29, 2005 2:21:48 PM

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QUALCOMM "overweight" target $48.

Monday, August 29, 2005 10:07:54 AM ET
Prudential Financial

http://www.newratings.com/analyst_news/article_990556.html

NEW YORK, August 29 (newratings.com) - Analyst Inder M 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 this morning, the analyst mentions that Verizon Wireless has announced the reduction of the fees for its CDMA2000 EV-DO service from $79.99 per month to $59.99 per month. The reduction is likely to lead to increased sales volumes for the devices using QUALCOMM’s proprietary technology and chipsets, the analyst says.
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