Qualcomm's Mobile Chip Business Could Be Well-Positioned to Beat Low Expectations

While the Nasdaq has more than doubled over the last six years, Qualcomm's (QCOM)  shares have effectively tread water. And their performance would be worse still if Qualcomm's pending $47 billion deal to buy NXP Semiconductor (NXPI) (financed in large part via offshore cash) wasn't so well-received by markets last fall.

Qualcomm's performance does show, however, that fears about the long-term challenges faced by its core mobile processor/modem and IP licensing businesses have been heavily priced in. What doesn't seem priced in is how the company's chip business might be poised to beat a low bar thanks to Android share gains and non-mobile growth....819 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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