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Qualcomm Incorporated (QCOM) [hlAlert]

Rating:
Buy QCOM
up 21.44 %

Qualcomm Incorporated (QCOM) upgraded to Buy by Charter Equity

Posted on: Tuesday,  Feb 16, 2010  12:25 PM ET by Charter Equity

Charter Equity rated Buy Qualcomm Incorporated (NASDAQ: QCOM) on 02/16/2010. Previously Charter Equity rated Mkt Underperform Qualcomm Incorporated (NASDAQ: QCOM) on
07/23/2009., when the stock price was $47.35. Since then, Qualcomm Incorporated has lost 17.66% as of 02/16/2010's recent price of $38.99.
If you would have followed the previous Charter Equity's recommendation on QCOM, you would have gained 21.44% of your investment in 208 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)

Charter Equity Research is an independent equity research firm focusing on the wireless/telecom industry. We provide an in-depth, vertical coverage of the wireless industry which include services, equipment and semiconductor companies. The basis of our recommendations comes from our industry background, financial expertise and our access to a network of public and private company contacts in the wireless industry. We provide exclusive, insightful and qualitative analyses on the companies we cover with a perspective of the entire wireless foodchain which gives our clients the appropriate context needed to make accurate and timely investment decisions.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/16/2010 12:25 PM Buy
None
38.99
as of 12/31/2010
1 Week up  3.64 %
1 Month up  9.44 %
3 Months up  13.53 %
1 YTD up  47.12 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/23/2009 8:25 AM Sell
None
47.35
6/24/2009 10:25 AM Hold
None
45.27
1/28/2009 8:25 AM Buy
None
36.82
7/25/2007 1:25 PM Hold
None
42.42

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