Leading wireless chip company Qualcomm (Nasdaq:QCOM) delivered a pretty good set of results for its fiscal third quarter, but that stands in contrast to growing uncertainty and anxiety about the mobile device market. Concerns that the high-end market is at or near saturation are blending in with expectations that as more companies move down-market, margins will suffer. Even against that gloomy backdrop, though, Qualcomm shares look as though they may still be undervalued.
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Investopedia: Qualcomm Delivers, But Clouds Are Building On The Horizon
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