Tickers in this Article: QCOM, BRCM, TSM, AAPL Investors who
have been waiting in the hopes of a chance to pick up Qualcomm
(Nasdaq:QCOM) shares a little cheaper have gotten their wish
after fiscal second quarter results. Struck between high demand
for 28nm chipsets and supplier issues, Qualcomm lowered guidance
and the Street punished the shares accordingly. With production
problems likely a temporary setback, this may well be a good
chance to build a position in a stock that is often expensive.
Q2 Results Pretty Good Qualcomm had a relatively solid fiscal
second quarter report. Revenue rose 28% from last year (and 6%
from the prior quarter) to exceed the average Wall Street guess
by a modest margin. While the chip business saw a little
sequential softness (down 1%), it was a bit stronger than
expected, and likewise with the licensing business, where
revenue jumped 20% from the first quarter.  Underpinning these
results, Qualcomm saw a 3% sequential decline in chip shipments,
but a 2% price increase. Overa