Qualcomm, Inc. (NASDAQ:QCOM)

CAPS Rating: 4 out of 5

Develops, manufactures and markets digital wireless telecommunications products and services based on their CDMA technology and other technologies.


Player Avatar Melaschasm (53.71) Submitted: 6/7/2011 12:27:11 PM : Outperform Start Price: $55.60 QCOM Score: +1.39

With a PE of 24, this stock is a little more expensive than I prefer. The strong revenue and earnings growth helps justify the higher price. I am giving this a green thumb because I think the Evo 3D will be a greater success than the market predicts. This should generate excitement for the stock and push its prices event higher.From what I have seen, I expect it to be a top 3 seller for the first two or three months after launch.Depending upon how long it takes for other quality 3D smartphones to hit the market, this could be one of the best sellers in the last half of 2011.The Flyer/View tablets should have a very strong following in a small niche market. The ability to write on the tablet will be a huge deal for certain people. There is a chance this device will be a breakout success if competitors do not provide a more popular way to differentiate from the scribe function.

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