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 Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

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From: matherandlowell5/15/2010 1:39:17 PM
1 Recommendation   of 117486
 
The Trader | SATURDAY, MAY 15, 2010
Stocks Ping-Pong to a 2% Weekly Gain
By KOPIN TAN | MORE ARTICLES BY AUTHOR(S)
After a ferocious rally, stocks surrender half their gains.


Technology giants with foreign revenue were pummeled. Qualcomm (QCOM), for example, has fallen 18% this year, to 24.94. Shares trade at 16 times projected earnings, near a decade low, and have priced in a dreary outlook after the wireless-chip giant recently warned investors cellphone prices will decline in 2010. Yet here's a debt-free company that yields 2%, earns more than $3 a share in free cash flow and enjoys 37% margins -- all of which should count for something.

online.barrons.com 
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