Downgrade Pummels 21.2% From Qualcomm
Qualcomm
(QCOM)
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
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, down 10.2%;
Powerwave
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TheStreet Recommends
(PWAV)
, down 10.6%;
Stanford Microdevices
(SMDI)
, down 24.2%;
DMC Stratex
,
(STXN)
, down 1.9% and
Tekelec
(TKLC)
, down 7.6%.
