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Qualcomm Cautiously Increases 3Q Guidance
Excerpt from the InvestorGuide.com Stock of the Day on 6/11/2009

The technology sector has been area of concentration in recent weeks; just yesterday, tech stocks helped drive the markets down. The sector seems to volley back and forth, with some companies managing to do well even in this economy, while others struggle with plummeting sales. And for companies like Qualcomm, which manufactures parts for equipment including cell phones and computers , their fate so often is closely tied to the performance of the companies which are using their products. So as Qualcomm made an announcement regarding its earnings forecast, it was hard to predict what would be said, since the tech sector has been so unpredictable.

Looking at the numbers, things look pretty good for Qualcomm. The company increased their third quarter guidance, saying that they expect revenue between $2.67-2.77 billion, up from a previous estimate of $2.4-2.6 billion. Estimated operating income rose as well, from $880-900 million to $1.06-1.11 billion. The company is also expecting to ship an increased number of items containing their CDMA technology. More >


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Qualcomm Loses Another Legal Battle to Broadcom
Excerpt from the InvestorGuide.com Stock of the Day on 1/2/2008

In this legal battle that has lasted over 2.5 years, Qualcomm Inc. and Broadcom Corp. (BRCM: Charts, News, Offers) have been arguing over some of Qualcomm's products that allegedly infringed Broadcom's patents. The products in question are chips and software, specifically for mobile phones. The federal court decided back in May 2007 that Qualcomm was in fact infringing these patents, and awarded $19.6 million in damages to Broadcom. This week the court has decided the steps Qualcomm must take, and the additional consequences the company will face. How will Qualcomm react to this decision, and will they be able to recover from their legal loss? More >

Investors Shrug Off Qualcomm's Lawsuits, Send Stock Higher
Excerpt from the InvestorGuide.com Stock of the Day on 6/8/2007

San Diego-based Qualcomm has a penchant for lawsuits - at least that what seems to be the case so far in 2007. The wireless communications company recently drew the ire of the US International Trade Commission over a possible patent infringement with Broadcom (BRCM: Charts, News, Offers), and is also involved in a battery of suits with Nokia (NOK: Charts, News, Offers). Despite the presence of these suits investors seemed to be giving Qualcomm the benefit of the doubt considering that shares were up 2.3% in afternoon trading. How did Qualcomm find itself in the courtroom, and how does it plan on getting itself out? More >

QUALCOMM files suit against Nokia, expands stock repurchase program to $2.5 billion
Excerpt from the InvestorGuide.com Stock of the Day on 11/7/2005

QUALCOMM, a leading developer of wireless technologies, announced Monday morning that its board had approved a new $2.5 billion stock buyback plan to replace an older plan that had about $1 billion remaining. QUALCOMM is also making news by filing a patent suit against cell phone maker, Nokia (NOK: Charts, News, Offers). In early trading Monday morning, QUALCOMM was up 10 cents to $44.90, while Nokia was down 14 cents to $17.02. More >

QUALCOMM Incorporated (QCOM) Upgrades

Date
Analyst
Old Rating
New Rating
06/17/2009
Goldman Sachs
Neutral
Buy
02/24/2009
Argus
Hold
Buy
11/24/2008
Stifel Nicolaus
Hold
Buy
03/25/2008
Merrill Lynch
Neutral
Buy
03/12/2008
American Technology Research
Neutral
Buy
03/14/2007
J.P. Morgan
Neutral
Underweight

QUALCOMM Incorporated (QCOM) Downgrades

Date
Analyst
Old Rating
New Rating
12/13/2007
Merrill Lynch
Buy
Neutral
09/10/2007
Am Tech/JSA Research
Buy
Neutral
07/25/2007
Charter Equity
Buy
Mkt Perform
02/21/2007
A.G. Edwards
Hold
Buy
06/23/2006
J.P. Morgan
Neutral
Overweight
01/26/2006
Caris & Company
Above Average
Buy

QUALCOMM Incorporated (QCOM) New Coverage

Date
Analyst
Rating
07/06/2009
ThinkEquity
Buy
06/30/2009
BMo Capital
Outperform
05/29/2009
Roth Capital
Hold
04/08/2009
Friedman Billings
Outperform
01/07/2009
Collins Stewart
Buy
07/09/2008
Citi
Buy
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