Despite attacks, Qualcomm increases expectations
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(InfoWorld) - Despite attacks on its business model, including a particularly rancorous battle with Nokia, Qualcomm said its revenue will be higher than expected for its fiscal second quarter. Instead of pro forma revenue of $2 billion to $2.1 billion, Qualcomm expects to report $2.1 billion to $2.2 billion for its second quarter, which ends April 1. The new estimate is based on better-than-expected shipments of Qualcomm's Mobile Station Modem chips as well as CDMA2000 (Code Division Multiple Access) and WCDMA (Wideband CDMA) chips. Despite growing mobile phone penetration in Europe and North America, sales of CDMA2000 and WCDMA were particularly strong in those regions, Qualcomm said. Qualcomm competitor Texas InstrumentsÂ (TI) doesn't expect to have done quite as well in the quarter. On Monday, TI revised its expectations for revenue in the first quarter of this year to be potentially lower. Instead of $3.01 billion to $3.28 billion, TI said revenue will likely fall between $3.07 billion and $3.22 billion. Qualcomm's raised expectations come amid attacks on its business. A group of vendors, including Nokia, filed a complaint with the European Commission in late 2005 charging Qualcomm with anticompetitive behavior. Nokia and others claim that Qualcomm isn't licensing its technology that contributes to certain industry standards on a fair basis, as promised. Qualcomm is also involved in renegotiations with Nokia regarding their contract, which expires April 7. That renegotiation process has been marred by patent infringement lawsuits that Qualcomm has filed against Nokia in France, the United States, the United Kingdom, Germany, and Italy, as well as with the International Trade Commission. Qualcomm has also been at battle with chipmaker Broadcom. The two settled some of their patent claims against each other recently but are still arguing over others. Qualcomm expects additional solid growth in the future in part due to a couple of developments. The GSM Association chose an LG Electronics handset that uses a Qualcomm chipset in a contest to supply a low-cost 3G phone to participating operators around the globe. In addition, Verizon WirelessÂ and AT&T have said they'll use Qualcomm's mobile TV platform.
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Company cites better-than-expected performance from its recent acquisition of wireless content provider Jamba.
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Between Qualcomm and Broadcom, victory is in the eye of the beholder.
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Qualcomm is betting on its Code Division Multiple Access cellular technology.
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Last week, as we reported, Qualcomm's request for a stay of injunction against the sale of certain of its chips in the US was denied, and that denial was upheld by the International Trade Commission. This after the company was found to have infringed upon three Broadcom patents. At that time, Broadcom said it was open to seeking a negotiated settlement with Broadcom.
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The merger between Sprint and Nextel is not only a boon for the two cell phone companies but also for San Diego wireless giant Qualcomm.
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Attacks against crucial infrastructure -- utilities, telcos, and government agencies -- rose by 55% from July to August. By Gregg Keizer, TechWeb.
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InfoWorld - Qualcomm made a clear statement about its vision for future mobile devices on Monday by buying SoftMax, a provider of noise-reduction algorithms.
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NEW YORK - Optimism that the embattled technology sector was due for a recovery sent stocks modestly higher Monday despite a new revenue warning from semiconductor company Broadcom Inc.    While Broadcom, which makes chips for television set-top boxes and other electronics, said high inventories resulted in delayed shipments, investors were encouraged as it said future quarters looked brighter...
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Qualcomm Inc.  shares  jumped more than 4 percent on Tuesday after China said it may  grant a license for a next-generation cellphone network that  would boost royalties to the wireless technology and chip  supplier.
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Qualcomm Inc  posted an 18 percent rise in quarterly profit and gave an outlook that matched analyst estimates, driving its shares up more than 7 percent on relief the weak U.S. economy was not hurting demand for its mobile phone chips.
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Despite early adoption woes, manufacturers are still confident the WiMAX standard will take hold.
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U.S. stocks opened higher on Friday  after Ford Motor Co. F.N raised its earnings forecasts, but  Qualcomm Inc. QCOM.O weighed on the Nasdaq index after the  wireless technology company said it would review how it  accounts for technology royalties.
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Qualcomm (QCOM:Nasdaq - news - research) raised its current-quarter earnings estimate but saw its shares tank because of uncertainty about the accounting for its huge royalty franchise.
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Wireless technology firm Qualcomm Inc.   said on Monday it was buying two micro-chip businesses  to boost its core wireless technology product offerings.
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Stocks rose on  Friday after Ford  Motor Co. F.N raised its earnings forecasts, but Qualcomm  Inc. QCOM.O limited advances on the Nasdaq after the wireless  technology provider said an accounting review may reduce its  pretax income and revenue.
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Qualcomm Inc  posted a higher quarterly profit on Wednesday due to demand for its mobile phone chips, and its shares rose 6.5 percent.