Qualcomm Slides After Wireless Telecom Names Downgraded
Qualcomm (QCOM) - Get QUALCOMM Incorporated Report was down 22.5% in midday trading after Deutsche Banc Alex. Brown downgraded it to buy from strong buy with five other wireless telecommunications companies. A report last night also suggested that Qualcomm may delay a wireless technology roll-out to Europe.
Deutsche Banc also downgraded
Airspan
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, which lost 10.4%,
Powerwave
(PWAV)
, which slid 12.4%, and
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