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Qualcomm’s Fiscal 4Q Results Not Bad; Light Fiscal 1Q Guidance

publication date: Nov 7, 2013
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Though Qualcomm’s near-term outlook will disappoint some investors, the firm’s licensing model continues to generate elevated margins and strong returns on capital. Qualcomm's financial strength remains top notch, and shares trade at less than 10 times 2014 earnings, excluding net cash.

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