We maintain our Buy recommendation for Qualcomm, Inc. (QCOM), the largest developer of digital mobile chipsets based on CDMA technology.The company's fundamentals remain compelling since it has several industry-leading innovative products for a variety of wireless applications. Qualcomm's legal settlement with Nokia (NOK) for royalty related issues and a new 15-year licensing agreement significantly strengthens business planning. Demands for mobile broadband services and adoption of 3G technologies will continue to grow throughout the world as the company retains one of the strongest balance sheets in the industry. However, over the near-term, an extremely challenging global economy is likely to generate lumpy chipset sales and associated average selling prices.Based on current valuation levels and general economic concerns, we reduce our six-month valuation target for Qualcomm, but we keep our rating Buy.Read the full analyst report on QCOM...

Gloomy economic picture fuels risk aversion… Financials, energy, retailers among top drags… Dow off 4.3 pct, S&P 500 off 5 pct, Nasdaq off 5.3 pct

U.S. stocks tumbled on Monday as signs of further deterioration in the economy around the world punctured last week’s market enthusiasm, with financial services companies and retailers among Wall Street’s biggest drags.

Major industrial companies also contributed to losses on signs global demand is faltering, leading investors to pare back risk in favor of safe-haven government debt.

With the holiday shopping season under way, investors feared that retailers may turn in their bleakest sales in many years. The S&P retail index declined 4.4 percent.

Department store Macy’s Inc tumbled 9.6 percent.

Consumers made repeat trips to stores and spent more on bargains this weekend, but analysts said the rush is unlikely to translate into a much-needed boost in profit.

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Last week, I told you that McDonald’s is a great example of a company with strong fundamentals and continued dividend strength. Yesterday, we saw more proof: The company said global same-store sales gained 8.2%. And even as most other restaurants posted weak U.S. results, McDonald’s watched same-store sales gain 5.3% here in the States. That’s great news for anyone holding the shares! Now today, I want to talk about some more companies that are bastions of dividends. And the place where I’m finding them may surprise you … Tech Stocks Keep Jumping to the Top of My Dividend Lists! Remember that table from “Yes, You Can Still Find Solid, Reliable, Fat Dividends?” It showed some of the companies that changed their dividend policies in September. Just in case you ...

Comfort Systems USA, Inc. (FIX), a Zacks #1 Rank (“strong buy”) company, has seen its share price climb by about 15% since it was last featured in late June. Wall Street earnings estimates have also risen. All 3 covering analysts hiked full-year 2008 forecasts from last month’s $1.17 per share to $1.24. The most accurate projection is a higher $1.25.

Recent Acquisition

The company recently acquired Delcard Associates, Inc. ("Delcard"), a full service commercial HVAC company based in Wilmington, Delaware. Comfort Systems said Delcard had 2007 revenues of approximately $45 million, adding that Delcard has an ideal geographic location for Comfort Systems, and given its construction and service reputation throughout Delaware as well as the strength of its excellent workforce, Comfort believes Delcard will make a strong contribution to our continuing operations.

Income

In late July, FIX declared a quarterly dividend of $0.045 per share. The company noted that the

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QUALCOMM Inc. (QCOM) continues to trade near a 52-week high even in the face of Monday’s plunging market. The company also offers a dividend yield that is quite competitive within its industry group.

Company Description

QUALCOMM Incorporated designs, manufactures and markets digital wireless telecommunications products and services.

Bullish Performance in a Difficult Market

Shares of QCOM continue to trade higher in a tough market. QUALCOMM closed near a 52-week high Monday, while the Dow sunk 242 (2%) points and the tech-heavy Nasdaq shed 49 points (2%)

On July 23, the company posted a strong fiscal third quarter, noting that it delivered record revenues that were up by 19 % year-over-year.

Forecasts are in line with Wall Street

On July 24, Qualcomm announced its outlook, which included a fourth-quarter guidance of about 49 to 51 cents per share.

Wall Street is forecasting 50 cents per share currently, up from the

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The company that gets to market first gets to make all the rules, even if it isn’t technically first. If a good set of rules are made and followed, the first in ends up with the biggest pile of profit - even before other players make it to the table.

Qualcomm Inc., an integrated supplier of wireless product circuitry, works to sell its products along the length of the wireless supplier distribution chain. Patent licensing designed to foster a standard comprise much of the company’s revenue stream. The length and breadth of the company’s selling potential, however, is belied in the simplicity of its description. Low orbit satellite components to ground based GPS systems offer just about any wireless communications product for today’s telecommunications age.

The company is divided into four divisions to satisfy its diverse product base: Qualcomm Technologies, Qualcomm Technology Licensing, Qualcomm wireless and Internet, and Qualcomm Strategic Initiatives.

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