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Analyst: Qualcomm shares may be volatile

Sterne Agee analyst Vijay Rakesh expects that Qualcomm Inc.'s (Nasdaq: QCOM) fiscal fourth-quarter results will meet Wall Street's expectations, but he warned that shares may be volatile immediately after the mobile phone chip company reports.

Several other companies that are suppliers to Apple Inc.'s iPhone — such as Skyworks Solutions Inc. and Cirrus Logic Inc. — are down 10 percent to 15 percent after giving guidance that either met or was better than Wall Street's expectations, he said.

But he remains optimistic about the company's long-term prospects and kept a “Buy” rating on the shares.

Analysts polled by FactSet expect Qualcomm to post earnings of 82 cents per share and revenue of $4.67 billion for the fourth quarter.

Shares added $1.13, or 1.9 percent, to close Monday at $60.43.

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Qualcomm Inc.

Company Website

5775 Morehouse Dr.
San Diego, CA 92121

Qualcomm Inc. Executive(s):

Irwin Mark Jacobs

  • Founding Chairman, CEO Emeritus

Paul Jacobs

  • Executive Chairman

Tamar Elkeles

  • Vice President

Don Jones

  • Vice President

Don Rosenberg

  • General Counsel

Mark Leslie

  • Vice President, External Affairs

Steven Altman

  • Vice Chairman

Steve Mollenkopf

  • Chief Executive Officer

Derek Aberle

  • President

Navrina Singh

  • Director of Product Management

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NAICS - 334220 - Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
SIC - 3663 - RADIO AND TELEVISION BROADCASTING AND COMMUNICATIONS EQUIPMENT
SIC - 3663 - ELECTRONIC COMPONENTS, NOT ELSEWHERE CLASSIFIED

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2012