Qualcomm (QCOM) -1.4% thanks to a downgrade to Neutral from JPMorgan, which foresees "rapidly...

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Thomas Azzara Comments (451)
 
Wow! A JPM downgrade for QCOM. Now, maybe the stock will sell off to the mid $50s - where one could construe it is a bargain. QCOM doesn't seem to want to bust through $70 a share anyway - even in this "bull run market".
12 Feb, 10:16 AM Reply Like

comcity Comments (100)
 
$QCOM is already a bargin selling at a discount. BRCM's PE is 26. QCOM's PE is 16.8 . BRCM's Q4 profit Fell. QCOM's Q4 profit Rose, they beat analyst estimates & they guided up. I understand there is the increased competition prospects from both BRCM and INTC. Still unseating the KING is harder than it looks. My guess is INTC would have a better shot at it anyway that is why I own INTC. The analysts believe once everyone has a smart phone they are done. Wrong. Those crappy Samsung phones only last about 8 months before they start disintegrating.

People forget we use to have to buy a new PC every year...now we have to buy a phone instead.

As soon as $QCOM gets down to $64ish, I'll add more to my already profitable position in the company and thank JPM for putting the stock on sale for me.
13 Feb, 12:25 PM Reply Like