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TMCNet:  Qualcomm Outperforms On Morgan Stanley Upgrade (QCOM)

[March 26, 2012]

Qualcomm Outperforms On Morgan Stanley Upgrade (QCOM)

Mar 26, 2012 (SmarTrend(R) News Watch via COMTEX) -- 3-26-12-Qualcomm (NASDAQ:QCOM) shares are outperforming the broader market after Morgan Stanley (NYSE:MS) issued a note forecasting selling prices on 3G smartphones will remain robust.

Qualcomm benefits as the company's chips are used on these smartphones, and it allows the company to generate royalties.

Furthermore, the spread of 4G devices is boosting Qualcomm's chip prices, as the 4G baseband chip is found in the new iPad.

QUALCOMM Incorporated develops and delivers digital wireless communications products andservices based on the Company's CDMA digital technology. The Company's businessareas include integrated CDMA chipsets and systems software, t echnology licensing, Eudora email software for Windows and Macintosh platforms, and satellite based systems including Omnitracs and Globalstar systems.

SmarTrend is bullish on shares of QUALCOMM and our subscribers were alerted to buy on January 06, 2012 at $56.13. The stock has risen 21.8% since the alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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