Qualcomm Meeting in the Tech Spotlight

Qualcomm (QCOM) shares were added back last week to Goldman Sachs' Conviction Buy list with an $80 price target. That's a little shy of my $85 price target but, then again, my time horizon is probably longer than that of Goldman Sachs.

That upgrade followed a weaker-than-expected current quarter outlook, which was furnished by the company when it reported its September-quarter results. Helping offset that outlook, Qualcomm affirmed its 2014 forecast of $5 per share in earnings. Included in that guidance is the completion of $4 billion in share-repurchasing over the coming 12 months....692 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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