Qualcomm 4Q Profit Increases
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Qualcomm Inc., a marketer of semiconductor technology and system software to equipment and cellphone makers, said Wednesday that fourth-quarter earnings rose on increased revenue.
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The company said its fourth-quarter earnings rose 43 percent, beating estimates, on increased merger advisory fees.
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AT&T Corp., the No. 4 U.S. telephone  company, said on Thursday its fourth-quarter earnings increased  due to cost-cutting through job cuts and a tax benefit from the  writedown of its assets.
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AT&T, the nation's biggest long-distance carrier, said that its profit jumped a better-than-expected 84 percent in the fourth quarter as it cut costs.
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Sprint Corp., the No. 3 U.S.  wireless company, on Thursday said fourth-quarter earnings rose  on stronger sales in its wireless unit.
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AT&T Corp., the No. 4 U.S. telephone  company, said on Thursday its fourth-quarter earnings increased  as it cut costs by slashing jobs and from a benefit related to  a prior writedown of assets.
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NEW YORK  -Stocks rose on Thursday as a reassuring profit and outlook from Oracle Corp  and a higher earnings forecast from Qualcomm Inc  fueled demand for technology stocks.
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Wireless chip developer Qualcomm Inc.   on Wednesday reported a 15 percent rise in  third-quarter net profit, but shares fell more than 7 percent  after it forecast fourth-quarter revenue lower than some  analysts' estimates.
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Wireless technology and chip  supplier Qualcomm Inc  on Wednesday posted a higher  profit for its fiscal first quarter as revenue rose on strong  demand for its mobile phone chips.
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The mobile phone maker said  fourth-quarter net profit rose to $2.6 billion and that it had reached its goal of 40 percent market share in handset sales. The companyâs stock soared.
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Sprint Nextel Corp., the nation's third largest wireless carrier, said Wednesday that fourth-quarter profits rose 33 percent on stronger revenue, but the company continued to lose high-quality subscribers.
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The retailer said net income in the fourth quarter rose to $4.1 billion as its focus on low prices paid off. International growth also helped lift profit and sales.
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Qualcomm posted a profit of $767 million, or 46 cents a share, for the period that ended Dec. 30, compared with $648 million, or 38 cents a share, in the year-ago quarter.
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Nextel Communications Inc., the sixth largest US mobile company, on Friday said its third-quarter profit rose amid strong customer growth and it raised its earnings forecast for the full year.
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Nextel Communications Inc., the sixth  largest U.S. mobile company, on Friday said its third-quarter  profit rose amid strong customer growth and it raised its  earnings forecast for the full year.
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Ericsson AB, the biggest maker of mobile-phone networks, reported a fourth straight quarterly profit, helped by cost cuts and equipment demand.
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Motorola Inc. MOT.N, the world's No.  2 maker of cell phones, on Tuesday said its quarterly profit  rose sharply, helped by improving sales of a host of new  handset models.