Qualcomm predicts favourable quarter

Qualcomm said that its current financial quarter looks stronger than it predicted.

Dr Paul E Jacobs, chairman and CEO of Qualcomm, said the quarter, ending on 28th of March, looks good.

He said: “We are very pleased with our stronger than expected performance this quarter with both the licensing and chipset businesses projecting higher revenues versus our prior guidance. We now project earnings per share to be well above the high end of our prior guidance.”

That’s been driven, he said, by strength in licensing revenues and a favourable volume and product mix in its chipset business.

Qualcomm now estimates that revenues will be between $2.55 billion to $2.65 billion – it had estimated that revenues would be between $2.40 billion to $2.60 billion.

Volume shipments of its CDMA based mobile station modem are estimated to be between 92 to 93 million units – it had preducted shipments of between 88 to 92 million units.