Qualcomm (QCOM +1.1%), Skyworks (SWKS +2.9%), and Avago (AVGO +1.8%) are ticking higher following bullish coverage launches (I, II, III) from Topeka. The firm sees Qualcomm continuing to gain baseband chip share and consider fears of vertical integration overstated; thinks Skyworks will keep expanding its lineup beyond power amplifiers; and believes the sale of phones supporting numerous 4G bands will benefit Avago's BAW filter business. Meanwhile, Qualcomm's surreal CES keynote, replete with Big Bird and Maroon 5, continues to make waves.
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