Seeking Alpha

Qualcomm (QCOM -1.8%) gets pulled from Goldman's Conviction Buy list. The firm, which maintains...

Qualcomm (QCOM -1.8%) gets pulled from Goldman's Conviction Buy list. The firm, which maintains an $80 PT, thinks Qualcomm's chip market share will likely peak this year. Qualcomm is about to see tougher 4G baseband competition (I, II), and the arrival of 4G-only phones could diminish the value of its multi-mode expertise. On the other hand, the company maintains a big edge for now when it comes to 4G baseband/app processors. Also: Nomura isn't impressed with Qualcomm's buyback plan, arguing it won't lower its share count if spread out over 2 years.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs