QCOM: No Supply Issues in 2013

This article was placed on behalf of the U.S. based equity research effort of institutional broker and investment bank Canaccord Genuity. It was part of a series of articles developed under an agreement with forbes.com to work with a variety of contributors and assist them in delivering actionable investment ideas each week. The site, forbes.com is one of the top 500 sites in the world with nearly 10 million subscribers and approximately 100 million page views a month.

Following a strong second quarter of fiscal 2012 for Qualcomm (QCOM) Canaccord Genuity technology analyst Michael Walkley noted the company guided third quarter of fiscal 2012 below his expectations “as supply constraints for Qualcomm’s leading 28nm [nanometer] solutions, combined with increased operating expenses to drive 28nm supply, resulted in the lower June quarter EPS guidance.”

However Mr. Walkley said in a note to clients “a sharp ramp in 28nm supply during Q1/F2013 [first quarter of fiscal 2013] and believe Qualcomm is well positioned to post strong earnings growth due to stable royalty rates, strong connected device sales, increasing market share for integrated chipsets, and accelerating 3G device sales in emerging markets.”

He said that, “Qualcomm remains a top pick” and reiterated his BUY rating and $80 target on the company.

Amazon Summits A Dow That No Longer Exists

The addition of Amazon to the Dow with Walgreen’s unceremonious deletion, and the Dow’s current composition tells it like it

Financial Institutions Feeling the Crunch in Countdown to CECL Implementation

I was retained by Big Four accounting and consulting firm KPMG to assist them in their thought leadership efforts centered on changing accounting regulations. In this case, the Financial Accounting Standards Board or FASB had instituted new rules on the measurement of current and expected credit losses, i.e. CECL, that would require massive reorganization of financial reporting for the largest financial services organizations in the world. This thought leadership piece concerned the results of a survey among C-suite executives about their state of preparedness in the final countdown to the CECL implementation.

Securitizing Structured Settlement Payment Streams: A Primer

Fall 2012. This article was written with Stefano Sola and Phil Donahue, executives at JGWPT Holdings. We were engaged by JGWPT to assist them
in publishing the article below for The Journal Of Structured Finance.

Is The Media Biased?

This story is from our February 2024 update newsletter that offers communications insights, and hopefully, some amusing diversion.

David R. Evanson, LLC