Qualcomm: Take The Hint
Government departments are lining up against the FTC case on Qualcomm.
The only benefit of an FTC win on appeal is foreign smartphone competitors.
Qualcomm remains on target to generate $7 to $8 in annual earnings per share.
The stock has a logical path to reach a $100 target with risks that the wireless giant doesn't eventually win on appeal.
Qualcomm (NASDAQ:QCOM) finds itself in an odd position of having different parts of the government fighting over how to handle an antitrust ruling against the wireless chip giant. The key thrust of why the wireless giant is likely to win on appeals is the threat to national security and the global nature of the wireless handset business in 2019. The bullish investment thesis remains right on track despite analysts heading to the sidelines on risk concerns.
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