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Qualcomm (NASDAQ:QCOM) is up 9.1% after delivering a strong FQ4 report fueled by healthy chip...

Nov. 03, 2011 9:20 AM ETQUALCOMM Incorporated (QCOM) StockQCOMBy: Eric Jhonsa, SA News Editor
Qualcomm (NASDAQ:QCOM) is up 9.1% after delivering a strong FQ4 report fueled by healthy chip sales. Morgan Keegan believes Qualcomm's EPS guidance is conservative, and upside could be provided by stronger-than-expected chip margins or phone shipments. If sales of high-end Snapdragon chips continue soaring (they were up 4x in FY11, per Qualcomm's CC), chip margins could hold up quite well.

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