Welcome Guest Login | Register | Site Map | | Make TelecomTiger my homepage     
Telecom News
Enterprise |  Policy & Regulation |  Mobiles & Tabs |  Corporate |  VAS |  People Movement  |  Technology  |  LTE
Qualcomm ups Q3 forecast on increased demand for mobile chips
TT Bureau |  |  12 Jun 2009

Qualcomm Inc. has upped its profit and revenue forecasts for the third-quarter 2009, after a sudden surge in the worldwide demand for mobile phone chips.


“Our increased guidance reflects stronger-than-expected demand for more data-capable chipsets and increased licensing revenues driven in part by advanced 3G network upgrades,” Chief Executive Paul Jacobs said in a statement.


However, it has warned against a drop in the sale in the next quarter, due to the unpredictable economic climate, sending the shares at the company down by less than 1 percent.


Qualcomm now expects its revenue to be $2.67 billion to $2.77 billion for the third quarter ending on June 28, as against the earlier forecast of $2.4 billion to $2.6 billion.


Its operating income, minus investment arm and other special items, is raised to $1.06 billion to $1.11 billion, from a previous target of $800 million to $900 million.


And the total chips that will be shipped, is expected to be in the range of 94 million to 95 million for the current quarter, up from its earlier expectation for 87 million to 92 million.


“While some chipset demand for developing markets has shifted to the fourth fiscal quarter and demand remains generally strong, due to the current economic environment we remain cautious and currently project a modest sequential decrease in chipset shipments,” added Paul Jacobs.


But, an outlook for earnings-per-share wasn’t released citing market volatility.


 mail this article    print this article    Show and Post comment
12 Jun 2009(IST)  
Maintain Business Continuity with Cisco ASR 9000 nV Technology
It is a virtual chassis solution where a pair of ASR 9000 routers acts as a single device by maintaining a single contr...read more
Simplify Your Network with Cisco ASR 9000 nV Technology
With the new Cisco Network Virtualization (nV) technology in the Cisco ASR 9000 Series Aggregation Services Routers, se...read more
Cisco Small Cell Solution: Reduce Costs, Improve Coverage
It is designed to address the challenge of mobile service coverage and to expand network capacity...read more