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Fly News Breaks for January 23, 2017
QCOM
Jan 23, 2017 | 11:21 EDT
Stifel said Qualcomm (QCOM) weakness today is pricing in more than the $1B in damages sought by Apple (AAPL) and implies the market is valuing Qualcomm's licensing revenue at only $4B/year versus the firm's estimated $7.5B. The firm's analyst expects Qualcomm to continue to collect licensing payments for its technology and believes the market has overreacted to this news and would buy Qualcomm on weakness.
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