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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (125019)	11/4/2002 3:13:22 PM
From: anandnvi	Read Replies (1) \| Respond to of 152472

* IN RESPONSE TO THE QUALCOMM QUARTERLY DOWNGRADE COMPETITION * 8:39 ET QCOM downgraded by AG Edwards (42.86 -1.47) -- Update -- AG Edwards in a pre-market note has cut QCOM to hold from buy, citing valuation concerns and setting a new 6 month target price of $32. While they recognize Qualcomm's strong results in the previous quarter, AG Edwards believes that a lot of near term growth is already priced into the stock. Of particular concern to AG Edwards is that China looks poised to export homegrown TD-SCDMA technology to India. This, combined with the discouraging consumer confidence reports released yesterday is weighing on the stock, which is off more than a point today. ----- In edit, please note that this "news" is not based on fact