Qualcomm Inc (QCOM)

[khemara_qc]

Qualcomm climbs after analyst upgrade Tue Sep 20, 8:48 PM ET

http://news.yahoo.com/news?tmpl=story&u=/sddt/20050921/lo_sddt/qualcommclimbsafteranalystupgrade

NEW YORK (AP) -- Shares of wireless technology firm Qualcomm Inc. (Nasdaq: QCOM) rose Tuesday following an upgrade by Goldman Sachs, which said the company should benefit from Europe's adoption of "third-generation" wireless service.


Analyst Brantley Thompson said Qualcomm could gain as much as 20 percent to 25 percent over the next 12 months, noting a third-generation carrier promotion during the second half of this year as well as an improvement in devices and phones compatible with that standard.


Thompson boosted Qualcomm to "Outperform" from "In Line." However, the analyst cut Juniper Networks Inc., a maker of Internet protocol routers, to "In Line" from "Outperform," saying that while strong demand for carrier routing and recent acquisitions will lift near-term results, concerns remain about risk in the company's business strategy.


"Put simply, while we continue to see upside for Juniper, Qualcomm offers greater upside and less risk, in our view," Thompson wrote in a research note.


On the Nasdaq, Qualcomm shares rose $1.29, or 3 percent, to $44, while Juniper shares gained 43 cents to $23.69.