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

QCOM 122.04

-1.4%

3:59 PM EDT

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From: qbull	11/4/2014 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 Read more: briefing.com

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