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February 06, 2013 at 09:05 AM EST
Where Are Qualcomm and EMC Headed After This Earnings Season?
Last week two of  my firm’s stock holdings in the technology sector reported earnings. The verdict was mixed: Qualcomm (NASDAQ:QCOM) reported another outstanding quarter and issuing guidance for 2013 above Wall Street expectations while EMC Corporation (NYSE:EMC) reported earnings inline with recently lowered Wall Street estimates but issued slightly disappointing guidance.   As would be expected QCOM shares responded well to the company’s earnings and guidance rising more than 5%. Interestingly after an initial sell-off EMC shares firmed up. In fact backing out a 20% drop in the shares of EMC’s 80%-owned subsidiary VMware (NYSE:VMW) the implied valuation of ...
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