Qualcomm (QCOM) Jumps on Limited Japan Effect

Shares of Qualcomm (NASDAQ:QCOM) rose Thursday on the company saying they see little if any impact on supply as a result of the crisis in Japan.

After reviewing its supply chain, Qualcomm said they see nothing that should cause any disruption in supplying products to its customers.

The major concern, bismaleimide triazine resin, which it uses as laminate in some of its chipset packages, can be handled by using stored stock and by making adjustments to its material mix in the short term.

Qualcomm closed Thursday at $52.32, gaining $1.82, or 3.60 percent.