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

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

Qualcomm (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.