Wireless technology company sees strong demand for chips, higher licensing royalties.
May 12, 2004: 7:50 AM EDT
NEW YORK (Reuters) - Wireless technology company Qualcomm Inc. said Wednesday it raised its third-quarter targets due to greater-than-expected licensing royalties and stronger-than-expected demand for its advanced cell phone chips.
The San Diego-based company forecast third-quarter profit would be 51 to 53 cents per share, excluding its investment arm, up 55 to 61 percent from a year earlier. Its earlier forecast had been 48 to 50 cents a share.
Qualcomm (QCOM: Research, Estimates) expects revenue to rise 44 to 46 percent over a year earlier, excluding the results of its investment arm. Its earlier projection had been for an increase of 41 to 44 percent.
O Clubeinvest.com informa que nenhuma da informação
aqui facultada deverá ser entendida como conselho ou recomendação
de qualquer tipo de transacção ou investimento.
