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Qualcomm Incorporated (QCOM) [hlAlert]

up 43.54 %

Qualcomm Incorporated (QCOM) rated Buy

Posted on: Sunday,  Jan 6, 2008  12:57 AM ET by Forbes 12 Best-Buy Tech Stocks For 2008

Forbes 12 Best-Buy Tech Stocks For 2008 rated Buy Qualcomm Incorporated (NASDAQ: QCOM) on 12/21/2007, when the stock price was
$39.96. Since then, Qualcomm Incorporated has gained 43.54% as of 01/28/2016's recent price of $57.36.
If you would have followed this Forbes 12 Best-Buy Tech Stocks For 2008's recommendation on QCOM, you would have gained 43.54% of your investment in 2960 days.

QUALCOMM Inc. develops and delivers innovative digital wireless communications products and services based on the company's CDMA digital technology. The company's business areas include CDMA integrated circuits and system software; technology licensing; the Binary Runtime Environment for Wireless applications development platform; Eudora e-mail software; digital cinema systems; and satellite-based systems including portions of the Globalstar system and wireless fleet management systems, OmniTRACS and OmniExpress. (Company Press Release)

Technology enjoyed a solid performance in 2007. The Technology Select Sector SPDR is up 12% this year. There are market pros that remain bullish on the sector heading into 2008, arguing that U.S. tech companies should turn in accelerating earnings growth. Comverse Technology, Inc (CMVT.PK) is also recommended.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/21/2007 4:00 PM Buy
1 year
as of 8/27/2015
1 Week down  -8.98 %
1 Month down  -14.36 %
3 Months down  -18.66 %
1 YTD down  -22.74 %

(*) Stock Price at the time of the recommendation.
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