vacancies advertise contact news tip The Vault
Win with Seagate - Seagate FireCuda 510 SSD! [x]
facebook rss twitter

HEXUS.sharewatch: Qualcomm has another tough week

by Scott Bicheno on 1 March 2010, 12:39

Tags: Qualcomm (NASDAQ:QCOM)

Quick Link: HEXUS.net/qawd3

Add to My Vault: x

Please log in to view Printer Friendly Layout

As the mobile Internet has become more commonplace, Qualcomm - which is by far the largest fabless semiconductor company in the world - has started to develop a much broader profile.

While most people have traditionally been indifferent about the processors inside their phones, as we expect them to function more like mini-computers, suddenly processing grunt has become more important. Qualcomm anticipated this by developing its own top-end SoC and giving it an easy to remember name: Snapdragon.

The exponential growth in both the mobile broadband markets and smartphones should spell good news for Qualcomm as Snapdragon is just a hobby compared to its main cash-cow: 3G chips and IP licensing. However, in recent weeks, its stock has consistently gone downwards.

It looks like this is as much down to how Qualcomm communicates with Wall Street as anything else. A month ago, it released a conservative assessment of future growth and investors reacted negatively. This seems to have led to a general reappraisal of Qualcomm's growth potential and every time an analyst downgrades their rating, its stock falls yet further.

On the whole, markets were pretty flat after a nice rally for the previous two weeks. Only Apple and Oracle managed gains worth noting, while Google and NVIDIA were among the bigger fallers.

Company Listing Share price 31/1/10 Share price 7/2/10 Share price 21/2/10 Share price 28/2/10 7-day change Market cap (bn)
AMD AMD 7.46 7.35 7.93 7.91 -0.3% 5.30
Apple AAPL 192.06 195.29 201.67 204.62 1.5% 185.55
ARM ARMH 9.07 9.65 9.38 9.29 -1% 4.06
Avnet AVT 26.44 26.81 28.19 27.61 -2.1% 4.19
Cisco CSCO 22.47 23.70 24.36 24.33 -0.1% 139.96
Dell DELL 12.90 13.24 13.47 13.23 -1.8% 25.89
Google GOOG 529.94 531.29 540.48 526.80 -2.5% 167.14
HP HPQ 47.07 47.32 50.79 50.79 0.0% 119.56
IBM IBM 122.39 123.52 127.19 127.16 -0.0% 166.58
Ingram Micro IM 16.90 17.14 18.01 17.70 -1.7% 2.90
Intel INTC 19.40 19.47 20.81 20.53 -1.3% 113.37
Microsoft MSFT 28.18 28.02 28.78 28.67 -0.4% 251.45
Nokia NOK 13.69 13.39 13.37 13.47 0.7% 49.95
Nvidia NVDA 15.39 16.22 16.58 16.20 -2.3% 8.99
Oracle ORCL 23.06 23.55 24.32 24.65 1.4% 123.53
Qualcomm QCOM 39.19 38.07 39.59 36.69 -7.3% 61.66
Tech Data TECD 40.75 40.26 43.16 42.84 -0.7% 2.18
Dow .DJI 10067.33 10012.23 10402.35 10325.26 -0.7% N/A
FTSE 100 .FTSE 5188.52 5060.92 5358.17 5354.52 -0.1% N/A
NASDAQ .IXIC 2147.35 2141.12 2243.87 2238.26 -0.3% N/A


HEXUS Forums :: 0 Comments

Login with Forum Account

Don't have an account? Register today!
Log in to be the first to comment!