Cowen is out with a bullish note on Qualcomm (QCOM) ahead of today's FQ1 report: the firm...
Wednesday, January 30, 9:34 AM ETCowen is out with a bullish note on Qualcomm (QCOM) ahead of today's FQ1 report: the firm expects conservative guidance to be issued, but also foresees additional (baseband) chip share gains. With Qualcomm recording an estimated $34 in chip sales per iPhone 5 unit (per iSuppli), Apple's light guidance and reported order cuts are bound to take a toll on FQ2 guidance. But Qualcomm is also benefiting from ramping 4G baseband sales and strong uptake for its Snapdragon processors among Android OEMs.
TECH ETFs IN FOCUS
Latest Tech Articles