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QUALCOMM Incorporated Message Board

  • diligentconqueror_m diligentconqueror_m Jan 9, 2013 9:42 AM Flag

    UPDATE: Topeka Capital Markets Initiates QUALCOMM at Buy on Momentum 8:11a ET January 9, 2013

    UPDATE: Topeka Capital Markets Initiates QUALCOMM at Buy on Momentum
    8:11a ET January 9, 2013 (Benzinga)
    Topeka Capital Markets initiated coverage on QUALCOMM Incorporated (NASDAQ: QCOM) with a Buy rating and a $75.00 price target.

    Topeka Capital Markets noted, "We believe QCOM's current momentum will continue in the near-to-mid-term as the Company gains share in wireless chipsets and at the same time, benefits from robust growth in the smartphone and tablet markets, which should not only drive its chipset business, but also the royalty business. We further believe that concerns related to vertical integration by handset OEMs are overstated and QCOM's clear leadership in modems could drive OEMs to have creative arrangements with the Company. Our Buy rating is predicated on above consensus estimates and a sum-of-the-parts valuation."

    QUALCOMM closed at $63.91 on Tuesday.

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

    {Amazing how the traders still try to dump it down on just 1% higher or less}

    Sentiment: Strong Buy

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QCOM
69.51-0.58(-0.83%)May 22 4:00 PMEDT