Agree with paranoid. Qualcomm should deliver as planned. They increased quidance mid quarter as they always do. With the Nokia licensing dispute, there is very little upside from here. Qualcomm is conservative with their forward earnings estimates, and they nearly always drop in price after earnings results are released, at least for a few days afterwards. I think you have 1 dollar up and 2 dollars down risk for the upcoming week. More downside risk if the market pulls back from this weeks rally.
