The telecommunications industry closed the day up 1.6%. Zhone Technologies Inc ( ZHNE), Globalstar Incorporated ( GSAT), RIT Technologies ( RITT), and Sky-mobi ( MOBI) were all winners today within the telecommunications industry with Qualcomm Inc ( QCOM) being today's featured telecommunications winner. Qualcomm Inc rose $1.30 (2.6%) to $50.73 on average volume. Throughout the day, 17.2 million shares of Qualcomm Inc exchanged hands as compared to its average daily volume of 18.2 million shares. QUALCOMM Incorporated engages in the development, design, manufacture, and marketing of digital wireless telecommunications products and services. Qualcomm Inc has a market cap of $79.9 billion and is part of the technology sector. The company has a P/E ratio of 19.1, below the average telecommunications industry P/E ratio of 19.5 and above the S&P 500 P/E ratio of 17.7. Shares are down 0.1% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Qualcomm as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
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