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Goldman Sachs lowered its June- and September-quarter estimates for Qualcomm (QCOM), saying mobile phone demand has been weak of late pending the expected launch of Apple’s (AAPL) iPhone 6 and China’s ramp up of 4G data services. Goldman Sachs removed Qualcomm from its “conviction list,” but maintained a buy rating with a 95 price target. Qualcomm edged down a fraction in early trading in the stock market today, near 80. Qualcomm is scheduled to Scalper1 News
Scalper1 News