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Qualcomm: The Best Play on Accelerating Shift to 4G Smartphones
Tepid economic growth in the US and recession in debt-plagued Europe have hurt semiconductor demand wounding technology giants such as Intel (NASDAQ: INTC). However one company has emerged as a consistent winner because it’s wired like no other into the global passion for mobile devices: Qualcomm (NASDAQ: QCOM). This month the company has been on a roll. On November 15 Qualcomm Chief Executive Paul Jacobs stated in his presentation at the company’s annual investor day that management expects a compound annual growth rate of at least 10% for its revenue and earnings per share (EPS) over the next five years. This ...
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