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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 159.42

-1.2%

Jan 16 9:30 AM EST

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From: gutboy09	7/25/2008 5:37:15 PM
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Have you guys seen all the raised tgts yet? Lots of them UBS $63 American Technology Research $65 Citi analyst Glen Young said he was concerned about "choppiness" in phone demand, but still raised his Qualcomm price target to $70 from $61. Goldman Sachs raised its Qualcomm price target to $64 and spoke of a "high likelihood" for a chip deal. AMR's McKechnie estimated that a deal could swell Qualcomm's profit from each Nokia phone to about $10 from only about $4 from royalties. Deutsche Bank analyst Brian Modoff sees as crucial Nokia's plan to license Qualcomm patents for emerging high-speed mobile phone technologies, such as Long-Term-Evolution, which many of the world's biggest operators plan to use around 2010. "This means that the world's largest handset vendor now sees Qualcomm's patents as essential to (next generation) standards," said Modoff, who raised his Qualcomm price target to $70 after the agreement.

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