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Qualcomm (QCOM) thinks it can grow its revenue and EPS at a 10%+ rate for the next 5 years, CEO...

  • Thursday, November 15, 2012, 2:48 PM ET
    Qualcomm (QCOM) thinks it can grow its revenue and EPS at a 10%+ rate for the next 5 years, CEO Paul Jacobs states at his company's analyst day. The mobile chip/IP giant also forecast 3G/4G connections will grow to 2.7B in 2016 from 800M in 2011, fueled by emerging markets. Ahead of the meeting, Citi claimed Amazon (AMZN) will launch its rumored smartphone in June, and rely on Qualcomm's MSM8960 baseband/app processor. It also thinks there's upside to FY13 chip shipment forecasts, should Qulacomm maintain emerging market share. (slides - 11MB PDF)
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    After QCOM's recent earnings and given their business model and entrenchment in a clearly growing industry, I've started to use them for my buy-the-dip strategies, instead of the QQQ index, in spite of the company specific risk.
    15 Nov 2012, 02:53 PM Reply Like
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