RESULTS: Qualcomm lifts outlook, Baidu doubles net


RESULTS: Qualcomm lifts outlook, Baidu doubles net

Robert Clark  |   July 22, 2010
Mobile industry bellwether Qualcomm has raised its full-year guidance after beating second quarter expectations.
Its Nasdaq stock rose 5.09% overnight following release of the forecast.
The company said Wednesday it now expects earnings per share to grow 92%-96%, up from the earlier guidance of 80%-92%. Full-year revenue is forecast to increase by between 3%-6%, compared with the previous 0%-6% guidance.
Qualcomm also believes sales of CDMA-based phones – which includes 2G CDMA, 3G and 3.5G devices – will rise 23%.
“Our financial performance this quarter exceeded our prior expectations, driven by record MSM chipset shipments, favorable product mix and continued strong demand for 3G devices around the world,” said CEO Paul Jacobs.
Shipments of 3G MSM chipset in the quarter increased 10% year-on-year and 11% sequentially, Qualcomm said.

Frontpage Content by Category

As 2010 draws to a close, industry experts predict what might happen in 2011


Douglas MacMillan
Google's M&A boss has to convince founders to sell, and to stick around
Mark Sten, Globys
Carriers need to shift from blasting large segments to delivering highly personalized communications

Frontpage Content by Category with Image

Sponsored by SAP
The activity-based costing methodology enables telcos to acquire a deeper understanding of costs and profitability. Find out more in this webinar.


Staff writer
Researchers propose body-to-body networks
Staff writer
Rick Dodd joins Ciena from Infinea