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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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To: ggamer who wrote (84144)	4/2/2009 10:25:21 AM
From: ggamer	Read Replies (1) of 197253

QUALCOMM, Inc. In an interview Wednesday with Dow Jones Newswires, the CEO of QUALCOMM, Inc. (QCOM: sentiment, chart, options) asserted that his company is sheltered from weakness in the broader handset market. Chief Executive Paul Jacobs said that QCOM's focus on providing chips for handsets at the very high and very low ends of the market provides a buffer. Despite the economic slowdown, "high-end phones are still selling," observed Jacobs. Ahead of the bell, traders are reacting positively to the CEO's confidence; QCOM is up 1.1%. The shares have added 10.7% year-to-date, but their momentum has stalled as the round-number 40 region approaches. The stock hasn't closed a week above this level since October 2008. However, call players are betting that QCOM can conquer this hurdle in short order. In the April series, the 40 strike is home to heavy call open interest of 47,863 contracts. As expiration approaches, this area could exert options-related resistance.

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