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QUALCOMM Incorporated Message Board

  • diligentconqueror_m diligentconqueror_m Nov 15, 2012 1:45 PM Flag

    Qualcomm Sees {Double Digit} Growth for Next Five Years

    Qualcomm Sees Double Digit Growth for Next Five Years
    By Ian King - Nov 15, 2012 11:23 AM CT

    Qualcomm Inc. (QCOM) Chief Executive Officer Paul Jacobs said that the largest seller of mobile-phone semiconductors can continue to grow earnings in double digits over the next five years.
    Jacobs discussed growth projections for the San Diego-based company at a meeting with investors today.
    Qualcomm gained a bigger market value than Intel Corp. (INTC) for the first time last week after it forecast results that topped analysts’ estimates, adding to evidence that smartphones are gaining ground at the expense of computers. Under Jacobs, Qualcomm is gaining as consumers in developed nations snap up pricey new phones while those in emerging markets upgrade to devices that provide Web access. Intel, a laggard in the market for mobile-phone chips, is being hurt by slack personal-computer sales.

    **********************

    (Double Digit Growth for next 5 years!!!} How many in the sector can be so confident about that???

    Sentiment: Strong Buy

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QCOM
70.71+0.24(+0.34%)Nov 20 4:00 PMEST

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