Qualcomm Anticipates Big Growth

Qualcomm Anticipates Big Growth
The Motley Fool - Wrapping up its fiscal 2005, wireless technology giant Qualcomm (Nasdaq: QCOM - News) announced earnings yesterday that largely matched its previous estimates. More importantly, the company's impressive forward guidance led Wall Street analysts to boost their earnings estimates for Qualcomm's next quarter. The good news should be a relief for Qualcomm stockholders after last week, when several companies filed anti-competition complaints against Qualcomm with the European Commission. Investors are celebrating the healthy earnings this morning, sending the company's shares up over 7%.