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

To: BDAZZ who wrote (144783)	9/6/2006 8:08:54 PM
From: manalagi	Respond to of 152472

Qualcomm Price 'Correction' Reduces Risk: Analyst Scott Reeves, 09.06.06, 7:34 PM ET A.G. Edwards upgraded its rating of Qualcomm to "buy" from "hold," citing lowered valuation risks. The brokerage house set a 12-month price target of $46 a share. "Over the last several months, Qualcomm (nasdaq: QCOM - news - people )'s stock price has corrected substantially, reducing, in our view, the valuation risk inherent when we assumed coverage of the shares," David Wong, an analyst at A.G. Edwards, said in a research report. "We believe that the shift to Wideband Code-Division Multiple-Access (one of the main technologies for third-generation cellular systems) substantially expands Qualcomm's addressable market -- about $5.7 billion in 2005 -- from 15% -20% of handsets sold to almost 100% of worldwide handsets sales, driving Qualcomm's growth potential over the next few years." Qualcomm pioneered the commercial use of code-division multiple access technology now widely used in wireless equipment in North America. It licenses the semiconductor technology and software to about 100 cell phone and equipment manufacturers. Competitors include Nokia (nyse: NOK - news - people ), Texas Instruments (nyse: TXN - news - people ) and Samsung Electronics. forbes.com