QUALCOMM Incorporated (QCOM) is a great company.
QCOM reached had 50% market-share on smartphone APPS processor market in 2012. QUALCOMM chips power Apple iPads, iPhones and most Androids, Samsung Galaxy S2 included.
It should be no surprise to anybody to know that QCOM revenue grew 40% in a year and earnings went up 20%.
So why is this healthy fast growing company priced on a forward price on earning of 15? Easy to answer: a small company, ARM, owns the technology that Qualcomm uses. Qualcomm is after all a manufacturer of ARM chips.
What is really funny is the fact that Qualcomm has $11B in cash and ARMH only has a market cap of $ 12.44B. With such cash and a growing gross profit of $10B, Qualcomm could and should buy ARM tomorrow morning.
Qualcomm + Arm would mean Technology + Patents + Factories + Tremendous growth: enough to successfully compete with Intel, which is horribly lagging on mobile computer chips.
Sources of info for this post:
http://finance.yahoo.com/q/ks?s=ARMH+Key+Statistics
http://finance.yahoo.com/q/ks?s=QCOM+Key+Statistics
http://www.qualcomm.com/snapdragon/devices/samsung-galaxy-s2
BUY, SELL, KEEP 
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