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QCOM is a provider of content enablement services. |
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Released on Wednesday, August 8, 2012, 9:30 AM ET
Pittsburgh, PA (SpeculatingStocks) - With the Apple iPhone and iPad having such great success, there comes the demand for more robust wireless networks. Qualcomm Inc. (NASDAQ:QCOM) is the company that can benefit from this demand. QCOM offers solutions for the wireless industry including content enablement services, push-to-talk and other services for wireless network operators.
QCOM is worth $105 billion, but continues to benefit from the bandwidth demand that smart phones and tablets generate, so we could see QCOM keep moving higher after bottoming below $55 recently.
QCOM is now trending higher and could work its way up to a new 52-week high above $69. QCOM closed bullishly yesterday, up $1.21 to $61.34 and near its high of the day.
The company's revenue grew from $10.98 billion in 2010 to $14.95 billion in 2011 with a profit of $4.26 billion.
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