Kaufman Bros. Reinstates Coverage on Qualcomm (QCOM) at Buy; Snapdragon Finding Widespread Usage

Kaufman Bros. reinstates coverage on Qualcomm (NASDAQ: QCOM) with a Buy. PT $65.

Kaufman analyst says, "We are reinstating coverage of QCOM the leading supplier of integrated circuits (ICs) for mobile phones, the pioneer and developer of CDMA technologies and a wireless software and services provider with a BUY rating. With higher-ASP smartphones the hottest thing in tech, tablets on the rise (incremental to QCOM), Snapdragon finding widespread usage in both of them, 3G increasing in emerging markets and QCOM chips landing in all the Apple (Nasdaq: AAPL) products, we think the stock is in the middle of a protracted run."

For more ratings news on Qualcomm click here and for the rating history of Qualcomm click here.

Shares of Qualcomm closed at $54.47 yesterday.

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