2009
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 QCOM: Margins and royalties will decline even as ASIC share increases in FY2010. (November 4, 2009)
QCOM: Preview: Enterprise key to continued recovery. Market Underperform. (October 6, 2009)
QCOM: Apple will have to wait as an overloaded Qualcomm slips schedules. Maintain Market Underperform. (September 2, 2009)
QCOM: As detailed in our June 24th downgrade, expect flat ASIC sales in CY2009. Downgrade to Market Underperform. (July 23, 2009)
QCOM: Preview: Short term demand spike will fade with inventory-snap back. Maintain Market Perform. (July 13, 2009)
QCOM: Expect downside near-term as ASIC demand slows in 2HCY09. Downgrade to Market Perform. (June 24, 2009)
QCOM: Chip forecast up sharply along with revenue and operating income guidance. Maintain BUY Rating. (April 27, 2009)
QCOM: Preview: Expect a significant increase in ASIC guidance. Maintain BUY Rating. (April 19, 2009)
QCOM: Near-term upside as surge in ASIC demand and consolidation outweigh royalty dilution. Maintain BUY Rating. (March 19, 2009)
QCOM: $0.02 upside without impairments which won't preclude a dividend or strong cash flow. Maintain BUY Rating. (January 28, 2009)
QCOM: Preview: Growth in 3G and superb cash flow will allow QCOM to out-perform during recession. Upgrade to BUY rating. (January 27, 2009)
2008
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QCOM: Economic jitters cut into ASIC demand and FY09 guidance. Maintain Market Perform. (November 14, 2008)
QCOM: Preview: In-line quarter, chip sales flat to down. Maintain Market Perform. (November 4, 2008)
QCOM: Three reasons we are concerned about QCOM. Maintain Market Perform. (August 20, 2008)
QCOM: Gains from Nokia aside, slowdown in core growth is reason for concern. Maintain Market Perform. (July 24, 2008)
QCOM: Preview: ASIC units up but margins will likely decline as mix shifts towards WCDMA. Maintain Market Perform. (July 22, 2008)
QCOM: $0.02 upside on Koreon OEM gains but guidance calls for lower margins long-term. Maintain Market Perform. (April 28, 2008)
QCOM: Preview: ASIC units up but margins will likely decline as mix shifts towards WCDMA. (April 22, 2008)
QCOM: Expect share loss in the U.S. as carriers and OEMs move to alternate suppliers. (March 10, 2008)
QCOM: Price cuts and increased legal expense will likely offset robust unit demand in 2QFY08. (January 27, 2008)
QCOM: Preview: Cost of Santa Ana ruling could be substantially higher than currently expected. Maintain Market Perform. (January 22, 2008)
2007
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QCOM: Weak March guidance and high litigation costs will pressure stock into '08. Market Perform. (November 14, 2007)
QCOM: Loss of leverage as penetration of WCDMA increases. Maintain Market Perform. (November 8, 2007)
QCOM: Preview: Solid quarter but upside is limited. Market Perform. (November 7, 2007)
QCOM: Bump in guidance clouded by increased litigation risk in Sept period. Maintain Market Perform. (July 25, 2007)
QCOM: Litigation costs and losses with slower growth pressure QCOM near-term. Market Perform. (July 24, 2007)
QCOM: Strength in CDMA ASICs and phones offsets litigation risk. Upgrading to BUY. (April 25, 2007)
QCOM: Preview: Legal wrangle with Nokia isn't likely to end well. Market Perform. (April 24, 2007)
QCOM: Higher costs and little growth near-term will pressure stock. Lower Est. Market Perform. (January 24, 2007)
QCOM: Preview: Weak 3G phone demand & price erosion dampen outlook. Market Perform. (January 24, 2007)
2006
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QCOM: IPR battles and slowing growth in 3G pressure growth, increase costs. Market Perform. (November 2, 2006)
QCOM: Preview: Shift to low-end and weak 3G demand will impact guidance. Market Perform. (October 27, 2006)
QCOM: Sluggish demand, festering litigation, plague QCOM near-term. Cut est., reiterate Market Perform. (July 19, 2006)
QCOM: Preview: Slowing growth prospects likely to compress multiples. Market Perform. (July 11, 2006)
QCOM: Increased guidance on higher 3G ASPs and unit sales. Reiterate Market Perform. (June 13, 2006)
QCOM: Growth expectations reflected in valuation. Litigation risks increase. Market Perform. (May 4, 2006)
QCOM: Solid quarter and guidance for everything but margins which will be down. Market Perform. (April 19, 2006)
QCOM: Preview: Upside from NOK and Samsung already priced in. Market Perform. (April 18, 2006) QCOM: Pre-announces positive revenue and EPS guidance. Reiterate Market Perform. (March 7, 2006) QCOM: Lower guidance, slower growth will pressure stock. Downgrading to Market Perform. (January 25, 2006) QCOM: Preview: Improving fundamentals leading to increased estimates and valuation. Maintain BUY. (January 24, 2006)
2005
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QCOM: MediaFLO at Verizon; bad for 3G, good for Qualcomm. Reiterate BUY. (December 2, 2005) QCOM: Guidance upside on increased growth in phones and ASICs; raising estimates. BUY. (November 2, 2005) QCOM: Preview: Improving fundamentals leading to increased estimates and valuation. Maintain BUY. (November 1, 2005) QCOM: Paul Jacobs' conference call transcript and note. Upside on improving chip demand. Increasing estimates and reiterating BUY. (September 29, 2005)
QCOM: Flarion acquisition neutral. Maintain estimates and reiterate BUY. (August 11, 2005) QCOM: Quarter and September guidance refute overly bearish consensus. Maintain BUY. (July 20, 2005) QCOM: Preview: Improving fundamentals leading to increased estimates and valuation. BUY. (July 15, 2005) QCOM: Valuation reflects overly pessimistic view of near-term prospects. Upgrading to BUY. (May 31, 2005)
QCOM: Problems with wireless data thesis. No change to estimates and reiterate Market Perform. (May 5, 2005) QCOM: Guidance lowered on weak WCDMA demand. Reducing est and maintaining Market Perform. (April 20, 2005) QCOM: Preview: Slowing demand for CDMA will pressure stock. Reiterate Market Perform. (April 19, 2005) QCOM: Signs of slowing demand in CDMA. Maintain Market Perform. (March 18, 2005) QCOM: No significant change in 2Q guidance update. Maintaining estimates and Market Perform. (March 7, 2005)
QCOM: EPS upside to pre-announced guidance, but limited growth in 2005. Maintain Market Perform. (January 19, 2005) QCOM: Preview before earnings call on January 19th at 5:30pm (EST). Market Perform. (January 16, 2005)
2004
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QCOM: Takeaways from London Analyst Day. Reiterate Market Perform. (November 17, 2004) QCOM: Inline quarter, but December guidance lowered. Changing rating from BUY to Market Perform. (November 4, 2004)
QCOM: Preview before earnings call on Wednesday, 11/3 at 5:30pm (EST). Maintain BUY. (November 1, 2004) QCOM: Guidance increased. Potential accounting change immaterial. Maintain BUY. (September 17, 2004) QCOM: No slowdown in demand; guidance and estimates increasing. Reiterate BUY. (July 21, 2004) QCOM: Tight Supply Chain in CDMA. Reiterate BUY. (July 1, 2004) QCOM: Upside preannouncement and bullish analyst day reflect CDMA boom. Cautious for CY2005. BUY. (May 14, 2004)
QCOM: Royalties exceed expectations by 15% driving EPS upside. Raising estimates and maintaining BUY. (April 21, 2004) QCOM: Continued strong growth in CDMA markets leads Qualcomm to increase guidance. BUY. (February 23, 2004) QCOM: Outperforms expectations and improves guidance on strong 1H04 demand. (January 21, 2004)
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