Qualcomm (QCOM +1.7%) trades higher ahead of Wednesday's FQ4 report after receiving an upgrade...


Qualcomm (QCOM +1.7%) trades higher ahead of Wednesday's FQ4 report after receiving an upgrade to Buy from Nomura. The firm believes the Street isn't paying enough attention to Qualcomm's 3G/4G royalty business (75% of operating profit), and argues low 3G penetration in emerging markets will drive growth. Sterne Agee is reiterating a Buy and notes Qualcomm's dominant 4G baseband chip position, but cautions shares could be volatile in light of the post-earnings selloffs (I, II) seen by mobile chip peers.

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Comments (3)
  • Ashraf Eassa
    , contributor
    Comments (9476) | Send Message
     
    Hey, they stole my article's points! :-P
    5 Nov 2012, 11:36 AM Reply Like
  • squawk
    , contributor
    Comments (89) | Send Message
     
    FQ4 report is scheduled for Wednesday, not "tomorrow" (Tuesday).
    5 Nov 2012, 01:13 PM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (1163) | Send Message
     
    Thanks for the heads-up. Looks like the AP article discussing Sterne Agee's comments was off. Updated the post.
    5 Nov 2012, 01:16 PM Reply Like
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