Dain Rauscher Wessels Announces Investment Opinion On Qualcomm Inc.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by Dain Rauscher Wessels MINNEAPOLIS--(BUSINESS WIRE)--Oct. 2, 2001 Dain Rauscher Wessels Initiates Coverage of Qualcomm Inc. With a Buy Rating Dain Rauscher Wessels equity analyst Jim Moeller Jim Moeller (b. 1955) is an American politician from Washington State, who serves in the Washington State House of Representatives representing the 49th Legislative District. today initiated coverage of QUALCOMM Inc. (Nasdaq:QCOM QCOM Qualcomm, Inc. (stock symbol) ), $44.80, with a Buy-Aggressive Risk rating. He has a 12-month price target of $65. QUALCOMM is a leader in developing & delivering innovative digital wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. products and services. "QUALCOMM continues to lead the industry in the development of voice, data and wireless Internet products and solutions," Moeller said. "The company is solidly positioned to capitalize on growth opportunities in the rapidly expanding CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. [code division multiple access] market." Institutional investors interested in receiving more information should contact their Dain Rauscher Wessels salesperson. Media interested in receiving Moeller's research report should call (612) 371-2239. Dain Rauscher Wessels, a division of Dain Rauscher Incorporated, includes equity research, equity trading, institutional equity sales and corporate finance. The division's 50 analysts focus on five industries: consumer, energy, financial services, health care and technology. Currently, the analysts follow nearly 500 companies. The division, which employs 550 people, has offices in Atlanta; Austin, Texas; Boston; Chicago; Dallas; Houston; Memphis, Tenn.; Menlo Park, Calif.; Minneapolis; New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ; Paris; San Francisco; and Tel Aviv, Israel(a). Dain Rauscher Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. (NYSE NYSE See: New York Stock Exchange :RY), is one of the nation's largest full-service securities firms with 1,130 investment executives and 4,080 employees. The company's broker-dealer, Dain Rauscher Incorporated, serves individual investors and small business owners through offices located predominantly in the western half of the United States, and capital markets and correspondent clients in select U.S. and international markets. Founded in 1909, Dain Rauscher Incorporated is a member of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and other major securities exchanges, as well as the Securities Investor Protection Corp. The company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth St., in Minneapolis. Dain Rauscher Incorporated makes a market in QUALCOMM Inc. and may act as principal with regard to sales or purchases of this security. Dain Rauscher Wessels' Research Ratings Legend can be viewed at www.rbcdrw.com/researchratings. Additional information on the securities mentioned is available on request. This does not purport to be a complete statement of all material facts related to any company, industry, or security mentioned. The information provided, while not guaranteed as to accuracy or completeness, has been obtained from sources believed to be reliable. The opinions expressed reflect our judgment at this time and are subject to change without notice and may or may not be updated. DRI See Digital Research. , its officers, directors, affiliates, and/or employees (including the authors of this report) may from time to time have a long or short position in publicly or privately issued securities of companies mentioned or derivatives thereof and may sell or buy such securities for their own or related accounts. This notice shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which said offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. (a)Strategic alliance with Tamir Fishman & Co. |
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