Wednesday, April 7, 2010 as of 11:14 AM ET
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...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 ...
Qualcomm CEO Paul Jacobs on the acquisition of Atheros and how the company has continued to expend its enterprises around the world.
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...
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...
Qualcomm CEO Paul Jacobs on the company's future, his plans for Flo TV, and the economic downturn's impact expansion plans.
FBN's Brian Sullivan the telecom giant Qualcomm's success.
Qualcomm CEO Paul Jacobs on making your cell phone work faster.
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...
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...
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 ...
FBN Exclusive: Qualcomm CEO Paul Jacobs on appealing South Korea's antitrust ruling and what's in store for the company's future.
Qualcomm CEO Paul Jacobs on Qualcomm's new processor.
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...
Paul Jacobs , Qualcomm chairman and CEO, on the company's new Windows 8 PC, and their competition with Intel.
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...
Paul Jacobs , Qualcomm chairman and CEO, on the increased demand for smartphones around the world, and what's ahead for the company.
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...
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...
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...
