Replies to post #265452 on Zeev's Turnips Patch-No Politics (ZEEV)

[connor26]

8:37AM QCOM target raised to $93 at Piper 72.27: Piper Jaffray believes Qualcomm remains a compelling investment for growth-oriented investors due to improving WCDMA datapoints, growing traction of EV-DO, and continued strong replacement sales in CDMA markets. Also, the firm believes the recent weakness in South Korean, Indian, and Chinese CDMA markets is temporary. The firm expects several recent handset introductions to stimulate CDMA replacement sales at both Verizon Wireless and Sprint PCS during 2H04. The firm believes the stock can trade at 30x FY06 estimate of $2.85, adjusting for $7 per share in cash. Therefore, the firm raises its target to $93.

[Alex G]

i think you may be right... the obvious reason for weakness was due to multiple warnings and downgrades and the bump up in oil, but it does appear that bush's stock has taken a hit...


"I'm ready to publicly admit my surprise that John Kerry has done something right. For the first time this campaign season, I can imagine the possibility of a Democratic victory in November. At last, Democrats now have someone to pro-actively vote for.

But Vice-Presidential candidates rarely bring in many votes. This time we can hope it will be different.
Perhaps someone can book Kerry some extended sojourns to Sun Valley, Nantucket and Aspen, keeping him safely off the trail and allowing an effective candidate -- Edwards in this case-- to do the heavy lifting.

The best part of this morning's decision require no speculation. The only certainty here is the long overdue political death of Dick Gephardt. Or might he be dug up and resurrected in a Kerry White House as Labor Secretary? The horror... the horror.

Posted by Marc Cooper on Tuesday, July 06, 2004 at 10:13