Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: ggamer who wrote (84144)	4/2/2009 10:25:21 AM
From: ggamer	Read Replies (1) \| Respond to 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.