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Qualcomm looks took at current levels
Qualcomm looks good from both value and growth standpoint. According to research, the global market for connected devices that allow users to access the internet is set to surpass 6 billion units this year as new products including cellphones, tablets, and computers enter the market. With that level of market expansion Qualcomm will enjoy more earnings in the future.
Supported by the increasing demand for its chipsets and strong growth of 3G/4G smartphones around the world, Qualcomm revised its previous earnings expectation of $5.00-$5.20 and now expects earnings per share in the range of $5.05 and $5.25 with a growth rate of 12% to 16% for full fiscal year 2014.
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