Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

ABN AMRO Boosts Qualcomm to 'Buy'

ABN AMRO upgraded Qualcomm (QCOM) to buy from hold.

Analyst Keith Bachman says he upgraded for three cumulative reasons: the firming handset market, the potential huge opportunities in India, and the continued opportunities in China with potential in other neighboring areas such as Hong Kong and Taiwan.

Bachman thinks the mobile handset market for Q4 will have flat to modest growth, but he thinks the wireless market will generate positive growth rates for the following four to five quarters. He raised his $1.02 fiscal 2001 (Sept.) operating EPS estimate to $1.04, and raised the $1.22 fiscal 2002 estimate to $1.32.

Bachman set a $80 target.

blog comments powered by Disqus