Zacks today publishes on their Analyst Blog an upgrade of Qualcomm (QCOM) to Outperform, citing the company’s operating efficiency — 39% year-over-year net income growth in the most recent quarter — and multiple catalysts in the increase in chip sales the company can expect.
Zacks writes — there’s no specific analyst [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Advanced Micro Devices (AMD) this afternoon reported Q4 results largely in line with a pre-announcement offered a week ago when the company announced the departure of CEO Dirk Meyer.
Q4 revenue was flat with the prior year, as pre-announced, at $1.65 billion, with non-GAAP net income per share coming in at [...]

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Shares of Novell (NOVL), which is being bought by privately held Attachmate for $2 billion, are down a penny in late trading at $5.95 after the company this afternoon reported fiscal Q4 revenue of $207 million and non-GAAP net income per share of 7 cents.
That’s slightly better than the $204 [...]

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SAP (SAP) shares are trading lower after the company posted disappointing Q3 results.
The German enterprise software giant reported revenue of $3.039 billion, up about 13% from a year ago, with profits of 51 Euro cents, up from 42 cents a year ago.
Bloomberg notes that net income of 501 million Euros [...]

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Comscore (SCOR) this morning said it has acquired Nedstat, an Amsterdam-based web analytics company, for $36.7 million.
The company said the deal will contribute about $4 million in revenue for the rest of 2010. Comscore expects the deal to be dilutive to 2010 GAAP and non-GAAP net income, but accretive in [...]

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Discovery Communications (DISCA) this morning posted better-than-expected Q2 results.
For the quarter, the company reported revenue of $963 million, up 11% from a year ago, and ahead of the Street consensus at $946.8 million. The company reported net income of $106 million, or 25 cents a share, which was below the [...]

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Local.com (LOCM) shares are trading higher on strong guidance for Q2 and all of 2010.
The company said it now expects Q2 revenue of $22.3 million to $22.8 million, with adjusted net income of 19-20 cents a share. Street consensus had been for $20.6 million and 17 cents.
For the full year, [...]

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Conexant Systems (CNXT) shares are trading lower after hours on weaker-than-expected guidance for the fiscal third quarter ending in June.
For FY Q2 ended April 2, the company posted revenue of $61.9 million and core net income of 12 cents a share; the Street had expected $61.9 million and 13 cents. [...]

Article courtesy of BARRONS.com: Tech Trader Daily