QUALCOMM, Inc. (NASDAQ:QCOM) Third Gen Products Keeps It Ahead Of Competition


Dallas, Texas 10/25/2013 (Financialstrend) – QUALCOMM, Inc. (NASDAQ:QCOM) is a leading provider of digital wireless communications products and services. The Company has operations worldwide, in more than 156 locations and has a market capitalization of $114.83B.

Company CEO, Paul Eric Jacobs has always had his nose ahead of his competitors. They were the first to develop worlds first integrated “LTE/3G modem with CAT4 and carrier aggregation”. The strong sales over the past few quarters has helped the company boast of cash reserves of $30 billion, at the end of the third quarter this year, one of the best in the semiconductor industry.

The semiconductor firm has an extensive product line up in the LTE segment. Its “450 LTE devices” has placed the company firmly way ahead of its competitors, Intel being one of the major ones. Based on their strong solution offering, the firm shares a strong relationship with most of the handset manufacturers. This combined with its third generation LTE solutions are expected to help the company sustain revenue growth over the next few quarters.

The reason why Qualcomm is so ahead of its competition is due the fact that its third generation LTE solutions are the best of the breed and ahead of any solutions that its competitors can offer. It is understood that the lead will eventually reduce as the number of competitors have increased in the market. In spite of the slug fest expected, the semiconductor business has been one of the most promising sectors with a lot of expansion potential over the next few years.

In the last 12 months the market value of its stock has increased by 16.5%. As of close of business yesterday the stock was trading at $66.94.  Analyst consensuses have put out a price target of $74.19 for the stock over the next few quarters.