Qualcomm

(QCOM) - Get Report

was down 21.2% in late morning after

Deutsche Banc Alex. Brown

downgraded it to buy from strong buy with five other wireless telecommunications companies.

Qualcomm was also hurt by a report that its latest wireless technology would be delayed in hitting European markets.

The other companies affected by the downgrade are

Airspan

(AIRN)

, down 10.2%;

Powerwave

(PWAV)

, down 10.6%;

Stanford Microdevices

(SMDI)

, down 24.2%;

DMC Stratex

,

(STXN)

, down 1.9% and

Tekelec

(TKLC)

, down 7.6%.