Barron's hat mal wieder zugeschlagen: AMZN Kursziel 10$, QCOM 17$...
6:59AM Qualcomm may face growth speedbump-- Barrons (QCOM) 35.67: An analyst for Arnhold & Bleichroeder thinks that QCOM shares could be worth as little as $17, reports Barron's. Philip Townsend gained notoriety for questioning bullish assumptions for Nokia and Erricson, and now weighs in on QCOM. According to Townsend, QCOM is currently benefiting from robust growth in S. Korea. However, he expects Korean market replacement to be completed by this time next yr and the company to see little growth in the U.S. market.
6:45AM Amazon.com 'could be cut in half...' -- Barrons (AMZN) 19.79: Barron's article questions the valuation of Amazon.com. At 139x projected 2002 earnings, Barron's considers the stock valuation-rich relative to far more successful Internet companies such as eBay and Expedia. Prudential analyst Mark Rowen, who recently downgraded AMZN to Sell, believes stock could fall to $10.
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6:59AM Qualcomm may face growth speedbump-- Barrons (QCOM) 35.67: An analyst for Arnhold & Bleichroeder thinks that QCOM shares could be worth as little as $17, reports Barron's. Philip Townsend gained notoriety for questioning bullish assumptions for Nokia and Erricson, and now weighs in on QCOM. According to Townsend, QCOM is currently benefiting from robust growth in S. Korea. However, he expects Korean market replacement to be completed by this time next yr and the company to see little growth in the U.S. market.
6:45AM Amazon.com 'could be cut in half...' -- Barrons (AMZN) 19.79: Barron's article questions the valuation of Amazon.com. At 139x projected 2002 earnings, Barron's considers the stock valuation-rich relative to far more successful Internet companies such as eBay and Expedia. Prudential analyst Mark Rowen, who recently downgraded AMZN to Sell, believes stock could fall to $10.
