BUY QCOM ( QUALCOM )

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Settlement with Nokia is a major change. Going forward, not only there will a be major reduction in ongoing legal costs, but more importantly a major distraction will be gone. Further , it is logical that in due course NOK ( Nokia ) and QCOM cooperate towards higher per unit wholesale selling price. Since QCOM gets royalties on wholesale prices, this will be a major positive. About half of the revenues are royalties.

QCOM also gets license to some of Nokia technology; this will help generate higher revenues in the chip segment of the company.

Dip a toe in the water in $ 51 range, but build positions on any pullback in mid forties.

See also  KEY TO THE MARKET IS BIDEN’S RESPONSE TO KILLING OF U.S. SOLDIERS – OPTIMISM OVER TECH EARNINGS

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