Despite ongoing legal battles with some of the world's biggest wireless and cell phone companies, investors remained pleased with San Diego giant Qualcomm at an investor conference in November.
"Our bottom line message is that we continue to remain buyers of QCOM shares as we believe investors will be paid to wait out the legal battle," Goldman Sachs analyst Brantley Thompson wrote in a note to clients.
This must make Paul Jacobs very happy.
Jacobs took over leadership of Qualcomm from his father, company founder Irwin, in 2005 after working in the company for 15 years. The younger Jacobs has helped make the company a pioneer in wireless, particularly in putting Internet capabilities into cell phones.
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