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Qualcomm (QCOM) - Get QUALCOMM Incorporated Report was up 2.5% in preopen Instinet trading after Credit Suisse First Boston raised its rating on the stock to buy from hold.

In a research note, CSFB said it expects the wireless technology company to continue to gain market share in handset chipsets, adding that



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will soon begin shipments of products using Qualcomm technology.

CSFB cited indications from Korean service providers that 50% of phones sold in July used Qualcomm's technology vs. 25% in June.