Qualcomm (QCOM) has underperformed this week as investors digest bad chip industry news and weak...

|About: Qualcomm Inc. (QCOM)|By:, SA News Editor

Qualcomm (QCOM) has underperformed this week as investors digest bad chip industry news and weak reports from customers LG (LGEAF.PK) and Sony Ericsson. But MKM Partners' Tero Kuittinen is reiterating his Buy rating and $63 PT, believing the bad news is factored in and reports from other Qualcomm customers will be better.