Qualcomm Inc (QCOM): This is a JOKE, who the hell is this RBC...

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khemara_qc

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Monday, 09/26/2005 10:57:26 AM

Monday, September 26, 2005 10:57:26 AM

This is a JOKE, who the hell is this RBC Capital Markets raising their estimate to $36 when the market price is about $45?

http://www.newratings.com/analyst_news/article_1033516.html

Qualcomm "sector perform," estimates raised

Monday, September 26, 2005 10:00:29 AM ET
RBC Capital Markets

NEW YORK, September 26 (newratings.com) - Analysts at RBC Capital Markets maintain their "sector perform" rating on Qualcomm (QCOM.NAS), while raising their estimates for the company. The target price is set to $36.

In a research note published this morning, the analysts mention that Qualcomm has revised its revenue and EPS guidance for the September quarter upward, in the wake of the continued strength in the WCDMA market. The revised guidance reflects increased MSM chipsets shipments, the analysts add. The EPS estimates for FY05 and FY06 have been raised from $1.14 to $1.17 and from $1.44 to $1.47, respectively.