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Thursday, Jan 31
Qualcomm's (QCOM +4.6%) strong FQ1 (I, II) indicates the company is "decoupled from Apple" and...
Qualcomm's (QCOM +4.6%) strong FQ1 (I, II) indicates the company is "decoupled from Apple" and capable of growing regardless of smartphone share trends, writes Goldman. Longbow says something similar about Skyworks (SWKS +13.5%) following its FQ1 beat, arguing Samsung exposure (17% of sales) is helping offset Apple exposure (25%). The firm also thinks Skyworks is maintaining power amplifier share, and that sales of other RF chips are offsetting ASP and chip-integration pressures. TQNT +3.3%. AVGO +1.9%. ANAD +1.7%. (transcripts: I, II)