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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 215.33-1.1%Jun 14 4:00 PM EDT

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From: qbull11/4/2014 9:53:49 AM
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QCOM Qualcomm: Updating model with slightly lower 3G/4G ASP assumptions; long-term thesis intact; Buy -- Canccord Genuity (77.47 -0.77)
Canccord Genuity's global smartphone surveys and recent earnings reports from leading handset/smartphone OEMs indicated global smartphone sales sequentially increased 8.5% during Q3/14. However, weaker sales of high-end Android smartphones due in part to consumers waiting for the upcoming iPhone 6 products adversely impacted Sept qtr 3G/4G device ASPs. Firm dowered Dec qtr and slightly lowered F2015/F2016 3G/4G QTL device ASP ests ahead of earnings. Firm believes co's QCT business remains well-positioned for strong growth trends due to ramping iPhone sales in the near term along with growing LTE device sales in China over the next several years.
  • QCOM is set to report tomorrow Nov 5 after the close

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