When tech titans are talked about, names like Microsoft (Nasdaq:MSFT), Intel (Nasdaq:INTC), Cisco (Nasdaq:CSCO) and more recently Apple (Nasdaq:AAPL) seem to reliably come up. Given its central role in wireless communication (first phones, now smartphones, tablets and other devices), it is a little strange that Qualcomm (Nasdaq:QCOM) doesn't come up in that conversation. With its fingers in over 300 million devices shipped in the third quarter, this is a chip company still worth a look from most investors. (For more on the tech industry, read A Primer On Investing In The Tech Industry.)
A Strong Close to the Year
Unlike so many chip stocks, that rise and fall with the success of particular phones or manufacturers, Qualcomm seems to have a firmer footing. Revenue rose nearly 40% this quarter (and up about 14% sequentially), with 39% growth in its core chip business, 48% growth in its licensing revenue and a 5% decline in its small wireless and internet segment.
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