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Qualcomm Upgraded To Outperform
We have upgraded our recommendation on Qualcomm Inc. (NASDAQ:QCOM) to Outperform. Recently, it reported a record high result for the first quarter of fiscal 2012. Net income was up 20% year over year and 33% sequentially, indicating Qualcomm’s operating efficiency. Management is quite confident that it will be able to maintain its current pace of [...]
We have upgraded our recommendation on Qualcomm Inc. (NASDAQ:QCOM) to Outperform.
Recently, it reported a record high result for the first quarter of fiscal 2012. Net income was up 20% year over year and 33% sequentially, indicating Qualcomm’s operating efficiency.
Management is quite confident that it will be able to maintain its current pace of top and bottom line growth for at least the next five years. There are primarily four reasons for this positive outlook: (1) gradual introduction of 4G … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
