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Qualcomm Incorporated (QCOM) [hlAlert]

Rating:
Neutral QCOM
up 1.25 %

Qualcomm Incorporated (QCOM) downgraded to Neutral with price target $50 by Credit Suisse

Posted on: Tuesday,  Sep 1, 2009  8:25 AM ET by Credit Suisse

Credit Suisse rated Neutral Qualcomm Incorporated (NASDAQ: QCOM) on 09/01/2009. Previously Credit Suisse rated Outperform Qualcomm Incorporated (NASDAQ: QCOM) on 06/27/2008.,
when the stock price was $45.43. Since then, Qualcomm Incorporated has gained 1.25% as of 09/01/2009's recent price of $46.00.
If you would have followed the previous Credit Suisse's recommendation on QCOM, you would have gained 1.25% of your investment in 431 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)

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/26/2010 9:25 AM Hold
None
41.86 45.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  28.38 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/24/2010 9:25 AM Hold
None
38.40 40.00
9/1/2009 8:25 AM Hold
None
46.00 50.00
6/27/2008 8:25 AM Buy
None
45.43 60.00

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