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Wednesday, April 7, 2010 as of 11:14 AM ET

Paul Jacobs

Paul Jacobs

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Qualcomm Shares Fall on Weak 3Q Forecast

Despite reporting a 123% jump in second-quarter profit and higher sales, shares of Qualcomm (NASDAQ:QCOM) tumbled 6% late Wednesday on a forecast for the current quarter that was short of expectations.

 The San Diego-based designer of digital wireless telecom systems reported net income of $2.23 billion, or $1.28 a share, compared with a year-earlier $3.6 billion, or $2.10.Excluding one-time costs, the company earned $1.01 a share, ahead of average analyst estimates of 97 cents in a Thomson Reuters poll.  Revenue for the three months ended March 25 was up 28% to $4.94 billion from $3.8 billion a year ago, trumping the Street's view of $4.84 billion.Qualcomm CEO Paul Jacobs said he was pleased with the growth in demand for 3G- and 4G-enabled devices across both developed and emerging regions. The company makes much of its profit on licensing patents related to its 3G technology.  The company even lifted its full-year forecast, now expecting non-GAAP 2012 earnings in the range of $3.61 to...

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  1. FBN Exclusive: Qualcomm's CEO on his newest $3B acquisition

    January 8, 2011 02:06 PM UTC by Liz ClamanFBN Exclusive: Qualcomm's CEO on his newest $3B acquisitionSemiconductor chip heavy-weight Qualcomm [QCOM] is already huge ...

  2. Qualcomm CEO on Acquisitions, Global Growth

    Qualcomm CEO Paul Jacobs on the acquisition of Atheros and how the company has continued to expend its enterprises around the world.

  3. Qualcomm Investing $1B in Taiwan to Build Display Plant

    Qualcomm (NASDAQ:QCOM) surged to a 52-week high after news hit on Monday that it’s investing more than $1 billion in Taiwan to build a display plant that will meet r...

  4. AT&T to Buy Qualcomm's Spectrum Licenses for $1.93 Billion

    AT&T (NYSE:T) will purchase spectrum licenses from Qualcomm (NASDAQ:QCOM) for $1.93 billion in a deal set to bolster the second leading US wireless company's portfol...

  5. Qualcomm CEO on Future of Technology, Economy

    Qualcomm CEO Paul Jacobs on the company's future, his plans for Flo TV, and the economic downturn's impact expansion plans.

  6. Qualcomm Still Hiring Despite Economy

    FBN's Brian Sullivan the telecom giant Qualcomm's success.

  7. Speeding up Phone Technology

    Qualcomm CEO Paul Jacobs on making your cell phone work faster.

  8. Qualcomm's Sales Warning Triggers Selloff; Stock Dives 12%

    Qualcomm (QCOM) plunged almost 13% Thursday morning, helping to lead a broad selloff in the tech sector, a day after the biggest maker of cell phone chips slashed it...

  9. Qualcomm Shares Down in After-Hours on Reduced View

    Shares of Qualcomm, Inc . (QCOM) fell more than 8% in late trading after the company issued a disappointing forecast for the second quarter and the full year.The chi...

  10. Qualcomm shows Lenovo smartbook

    Qualcomm put the spotlight on the smartbook concept at an analyst meeting in New York on Thursday, showing off a Lenovo -made device based on the Snapdragon chipset ...

  11. Qualcomm CEO on Antitrust Appeal, Outlook

    FBN Exclusive: Qualcomm CEO Paul Jacobs on appealing South Korea's antitrust ruling and what's in store for the company's future.

  12. Qualcomm Takes on Intel

    Qualcomm CEO Paul Jacobs on Qualcomm's new processor.

  1. Qualcomm’s 1Q Results Top Views, Shares Move Higher

    Shares of Qualcomm Inc. (NASDAQ:QCOM) surged in trading after the bell, as the company reported fiscal first-quarter results that easily beat expectations and booste...

  2. Qualcomm PC Goes Head to Head With Intel

    Paul Jacobs , Qualcomm chairman and CEO, on the company's new Windows 8 PC, and their competition with Intel.

  3. Qualcomm Founder to Retire in March

    Qualcomm (NASDAQ:QCOM) said late Tuesday that its founder Dr. Irwin Mark Jacobs, 78, will retire from the company’s board of directors at its 2012 stockholder meetin...

  4. Smartphone Demand Driving Qualcomm's Success

    Paul Jacobs , Qualcomm chairman and CEO, on the increased demand for smartphones around the world, and what's ahead for the company.

  5. Qualcomm 1Q Profit Jumps 39%; Boosts Year View

    NEW YORK -(Dow Jones)- Qualcomm Inc. (QCOM) posted record results for the fiscal first quarter and boosted its guidance for the year on soaring demand for wireless d...

  6. Qualcomm Reports Jump in 1Q Profit, Lifts View

    Qualcomm Inc.'s (QCOM) fiscal first-quarter earnings rose 39% as the chip maker continued to see higher revenue on strong demand for wireless devices.Qualcomm also r...

  7. Qualcomm CEO: No Plans For Layoffs After Atheros Acquisition

    BEIJING -(Dow Jones)- Wireless chip maker Qualcomm Inc. (QCOM) has no plans to lay off any staff following its acquisition of Atheros Communications Inc. (ATHR), Chi...

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