BusinessWeek Logo
11. Qualcomm

Getty Images

11. Qualcomm

QCOM

Maker of the chips in phones used by Verizon and Sprint, Qualcomm is finding good growth on the back of its CDMA technology. The company also makes chips for location-based services. It climbed the list of hot growth companies this year, up from 40 last year.

Morningstar says:
Rating: Four Stars
Current stock price: $34.99
Fair value estimate: $48.00

Analyst comments:
"Qualcomm has become the leader in what is known as Code Division Multiple Access (CDMA) technology for cell phones. As the share of next-generation phones continues to favor the CDMA standard and its derivatives, we believe that Qualcomm will emerge as a primary beneficiary. Given an inherent advantage for CDMA to offer a clearer migration path to next-generation services versus competing Global System Mobile (GSM) technology, Qualcomm will stand to benefit on many fronts." (Updated 8/6/08)