Form 10-Q QUALCOMM INC/DE For: Mar 27
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China Market, Apple Relationship Still Key for Qualcomm (QCOM), But QCT Shedding Some Tough Comps - Cowen
April 21, 2016 6:43 AM EDTCowen and Company affirms Qualcomm (Nasdaq: QCOM) with an Outperform rating and $60 price target following Q2 results and light guidance issued on Wednesday night.
Analyst Timothy Arcuri offered the following commentary on what to do with Qualcomm following the results:
In QTL, the LG dispute is now resolved and fears around a major collapse in the royalty rate are unfounded, but collections in China remain a big challenge even despite new licensing... More
