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.
Qualcomm (NASDAQ:QCOM) is up 9.1% after delivering a strong FQ4 report fueled by healthy chip...
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Symbol | Last Price | % Chg |
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QCOM | - | - |
QUALCOMM Incorporated |