This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Qualcomm Gets Some Apple Shine

-- Updated from 8am with Qualcomm stock price.

NEW YORK ( TheStreet) -- Apple's (AAPL) presumed introduction of the Verizon (VZ) iPhone in January will no doubt be a huge occasion. And for Qualcomm (QCOM) investors, it's momentous.

Qualcomm has close to a lock on the so-called CDMA market, making Qualcomm's chips one of the key components in the Verizon iPhone.

Qualcomm

Knowing how small the universe of Apple iPhone suppliers happens to be, a win by Qualcomm offers a rare opportunity for investors to get involved with the action.

An early sign that Apple orders are in the pipeline could come Wednesday when Qualcomm reports fiscal fourth-quarter earnings after the bell.

While there won't be any impact of Verizon iPhone supplies in the reported numbers, the outlook may hold some clues.

"I do expect the initial production of the CDMA iPhone, which begins in December, to inform Qualcomm's guidance for next quarter," says Charter Equity Research analyst Ed Snyder.

Analysts are expecting Qualcomm to deliver earnings of 59 cents a share on sales of $2.85 billion in the September quarter. Looking ahead, the consensus estimates call for adjusted profit of 64 cents on $2.99 billion in sales. For the fiscal year 2011, analysts are looking for total sales of $12.08 billion or 11% growth over 2010 levels, according to Yahoo! Finance.

Apple could push some of those numbers up for Qualcomm, but it's not all gain. Big Qualcomm partners like Motorola (MOT) and HTC will likely see sales cool at Verizon with the arrival of the iPhone, so there will be some offsets.

Qualcomm shares, which are up 17% in the past three months as the smartphone picture brightens to Apple-colored hues, was up a nickel to $45.42 in late day trading Wednesday prior to the earnings release.

--Written by Scott Moritz in New York.



>To contact this writer, click here: Scott Moritz, or email: scott.moritz@thestreet.com.

To follow Scott on Twitter, go to http://twitter.com/MoritzDispatch.

>To send a tip, email: tips@thestreet.com.

Readers Also Like:


Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,154.19 +22.22 0.13%
S&P 500 1,997.61 -1.37 -0.07%
NASDAQ 4,551.4250 -1.3340 -0.03%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs