Qualcomm’s (QCOM) Still A Good Buy

With the growing demand for 3G devices, such as eBook readers, smartphones and tablets, Qualcomm (NASDAQ:QCOM) is strongly positioned to take advantage of the strong sector going forward.

Revenue was up about 25 percent and EPS was about 10 percent above analysts' estimates, with expectations they'll continue to perform in that range or better, as guidance was boosted by the company.

The cash position of Qualcomm adds to the strength of their financials, with over $19 billion on hand. There is also no long-term debt the company holds, making them even more attractive.

Those looking for continual increases in dividends like this, as it portends for future dividend growth, as the company has raised its dividend every year since 2003, showing the durability of the company during a number of difficult years.

Qualcomm closed Monday at $52.18, down $0.57, or 1.08 percent.