InfoAnda - Qualcomm handily beats Street, shares rise |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

US has uphill struggle in key talks with China | 24 May 2010
Amazon and Viacom close to Web video deal | | 8 February 2012
George Clooney Recommends Ewan McGregor Take Acting Lessons From A Goat | 18 October 2009

A Minute With: Emma Thompson as "Nanny McPhee" | 20 August 2010

Forum Views () Forum Replies ()

Read more with google mobile : Qualcomm handily beats Street, shares rise |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Davos 2012 Technology Media Small Business Legal Deals Earnings Summits Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Steven Brill Geraldine Fabrikant Jack & Suzy Welch Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Egypt soccer violence kills 74, fans turn on army | 3:04am EST "Soul Train" creator Don Cornelius commits suicide | 01 Feb 2012 Michelle Obama wins push-up challenge over TV's Ellen 01 Feb 2012 Taliban vows to retake Afghanistan: report | 01 Feb 2012 L.A. contemporary artist Mike Kelley found dead 01 Feb 2012 Discussed 145 U.S. outrage as Egypt bars Americans from leaving 87 Romney wins Florida Republican presidential primary 79 Taliban ”poised to retake Afghanistan” after NATO pullout Watched Beckham unveils underwear for H&M Wed, Feb 1 2012 Iran sends toy drone to Obama Sun, Jan 29 2012 At least 73 killed in Egypt soccer riot Wed, Feb 1 2012 Qualcomm handily beats Street, shares rise Tweet Share this Email Print Related News Hershey raises 2012 growth targets Wed, Feb 1 2012 Amazon keeps spending to grow, slashing profits Tue, Jan 31 2012 Generics take toll on Pfizer, Lilly profits Tue, Jan 31 2012 Toshiba cuts outlook after Q3 profit tumbles Tue, Jan 31 2012 Smartphones boost profit at Apple supplier ARM Tue, Jan 31 2012 Analysis & Opinion Apple’s cash is key to unlocking suppressed value It’s time for Cisco to cough up shareholder cash Related Topics Tech » Media » A Qualcomm sign is seen at one of Qualcomm's numerous buildings located on its San Diego Campus February 7, 2011. Credit: Reuters/Mike Blake By Sinead Carew NEW YORK | Wed Feb 1, 2012 8:44pm EST NEW YORK (Reuters) - Qualcomm Inc's quarterly profit easily beat Wall Street forecasts and the wireless chip leader raised its full-year financial targets due to growing demand for smartphones such as Apple Inc's popular iPhone. Shares in the biggest supplier of cellphone chips rose 5 percent after the company also said it has been winning business from rivals and is benefiting from growing demand for smartphones in emerging markets such as China. Qualcomm, widely known as the main wireless chip supplier for the latest iPhone, was helped by the launch of the blockbuster device late last year, analysts said. "It's a very strong result. The move to smartphones in the emerging markets in the success of the iPhone is driving its earnings higher," Canaccord Genuity analyst Mike Walkley said. He said Qualcomm also generates hefty technology royalties from Apple, which does not disclose its chip suppliers. Qualcomm appears to be taking business from rivals such as STMicroelectronics and Intel Corp, whose Infineon chip business has been a big supplier for the iPhone, Walkley said. The company raised its revenue target for full-year 2012 to a range of $18.7 billion to $19.7 billion from its previous target of $18 billion to $19 billion. Qualcomm also said it expects full-year earnings per share, excluding unusual items, of $3.55 to $3.75, up from its previous forecast for $3.42 to $3.62. For its first fiscal quarter Qualcomm's earnings, excluding unusual items, of 97 cents per share were well ahead of Wall Street expectations for 90 cents according to Thomson Reuters I/B/E/S. DISMISSES MARGIN CONCERNS But even as they applauded the strong results and outlook, analysts on Qualcomm's conference questioned the company's ability to maintain profitability in its chip business since it faces pressure to cut chip prices as much of its growth is coming from phones that use less expensive chips. Qualcomm Chief Financial Officer William Keitel said the company typically reduces chip prices for its customers every first quarter, noting that this would happen again this period. But he said high sales volumes in countries like China will continue to offset lower prices and profit margins in these markets, ensuring revenue and earnings growth for at least the next five years for Qualcomm. "That concern's been there three years now but each year investors have been pleasantly surprised," Keitel told Reuters. There's so much volume opportunity in the emerging markets what we're seeing is that the volume upside is more than compensating for the revenue and margin pressure." While Qualcomm is seeing some pullback in smartphone demand in Europe, because of economic concerns there, the company said it is seeing strong growth in markets such the United States, Japan and South Korea. In particular the company expects strong growth in these markets from smartphones using Long Term Evolution, an emerging high-speed wireless technology. Qualcomm expects LTE to represent a third of Qualcomm chip shipments by year-end, according to Keitel. "They're in the right place at the right time on three major trends," Snyder said, referring to Qualcomm's strong position in China, in the market for LTE chips, and with Apple. REGULATORY CORRUPTION PROBE On the conference call Chief Executive Paul Jacobs also disclosed that U.S. and California regulators are investigating whether Qualcomm complies with the Foreign Corrupt Practices Act. But investors appeared to shrug off the announcement after Jacobs said he is confident the company is in compliance. The preliminary investigation, which Qualcomm learned about January 27, was included in the company's quarterly report in a section discussing a whistleblower case brought against Qualcomm in 2010. Keitel would not discuss the case further. San Diego, California-based Qualcomm reported a profit of$1.395 billion, or 81 cents per share, for its fiscal first quarter ended December 25, compared with a profit of $1.17 billion, or 71 cents per share, in the year-ago quarter. Revenue rose to $4.68 billion from $3.35 billion, and compared with Wall Street expectations of $4.58 billion according to Thomson Reuters I/B/E/S. In November, Qualcomm had forecast first-quarter revenue of $4.35 billion to $4.75 billion and first-quarter net earnings per share of 70 cents to 76 cents. Qualcomm shares rose 5 percent to $62.58 in late trade after closing at $59.56 in the regular Nasdaq session. (Reporting By Sinead Carew; Editing by Steve Orlofsky, Phil Berlowitz and David Gregorio) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Thursday, 2 February 2012
More than 70 die in Egyptian soccer pitch invasion |
Nigeria militant spokesman arrested
Rival Libyan militias fight gunbattle in capital |
Sit-tight rulers risk African Spring: Nobel Laureate Soyinka |
IBM planning major job cuts in Germany: union |
EA revenue rises, sells 2 million units of Star Wars |
Facebook execs gear up political influence arm |
Nokia revamp to hurt most of 2012 results-Chairman |
Senate panel to look at Verizon spectrum deals |
Washington D.C. steps back from Internet gambling launch |
Amy Winehouse coroner not qualified: UK media |
Filmmaker arrested during House hearing on shale gas |
Kodak requests name be removed from Oscars venue |
Opry stage that once held Cash and Presley to be replaced |
It's Ex-Factor for Abdul, Scherzinger, Jones |
Russia says will veto unacceptable Syria resolution |
Egypt soccer violence kills 74, fans turn on army |
U.S. plans to halt Afghan combat role early, Kabul surprised |
Kidnapped aid workers released in Yemen, 5 militants dead |
Europe freeze kills 89, fears rise over Russian gas |
ArcelorMittal says one dead in French factory blast |
Kuwait opposition seen making gains in snap election |
China to ask South Sudan for help on kidnapped workers: report |
IAEA, Iran to meet again after good talks |
Facebook's Zuckerberg to keep iron grip after IPO |
Analysis: Facebook IPO tests easy growth assumptions |
Timeline: From dorm room to Nasdaq: Facebook's meteoric ascent |
Angelic Steve Jobs loves Android in Taiwan TV ad |
New Sony CEO to confront scale of turnaround task as loss looms |
Elpida posts worse than expected quarterly loss |
Qualcomm handily beats Street, shares rise |
EA sells 2 million units of Star Wars, shares up |
Soul Train creator Don Cornelius commits suicide |
Avatar's Cameron buys up land in NZ hobbit country |
Lisa Marie Presley opens new Elvis exhibit |
L.A. contemporary artist Mike Kelley found dead |
Polish Nobel winning poet Szymborska dies at 88 |
Exclusive: U.S. and allies exploring prospects for Assad exile |
Israel says Iran has material for four A-bombs |
Greek PM seeks to force pledges of more austerity |
Portuguese strike flops, workers fear for jobs |
Seized cash triggers political furor in Mexico |
Taliban return seen unlikely threat in reshaped Afghanistan |
Palestinians throw shoes, stones at U.N. convoy |
Analysis: Facebook's daunting Asian challenge |
Timeline: From dorm room to Nasdaq: Facebook's meteoric ascent |
Sony sees $2.9 billion loss, new CEO warns of pain |
Intel CFO faces fewer worried investors |
Exclusive: Hacked companies still not telling investors |
India court orders licenses cancelled in telecom scandal |
AU Optronics: forms strategic alliance with Idemitsu |
Will Smash splash or crash for NBC? |
Egyptian film star sentenced for insulting Islam |
Tom Stoppard, beneficiary of the subconscious |
Lung cancer forces Wild Thing singer to retire |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01