Qualcomm Raises 4Q, Year Outlook
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Qualcomm Inc. Friday raised its earnings and revenue forecasts for the current quarter, based on higher shipments of its cell-phone chips.
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Filling in Bluetooth and Wi-Fi integration Qualcomm has spent well in excess of $40m readying itself for a world beyond CDMA.â¦
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Sprint Corp., which will become one of the largest U.S. wireless telephone providers with its acquisition of Nextel Communications Inc., on Thursday said fourth-quarter earnings rose as operating revenue surged 16 percent from last year.
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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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Intel raised its revenue forecast for the fourth quarter, citing surprisingly strong demand across its line of chips for personal computers.
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U.S. stocks opened higher on Friday after Ford Motor Co.  raised its earnings forecasts, but Qualcomm Inc.  weighed on the Nasdaq index after the wireless technology company said it would review how it accounts for technology royalties.
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NEW YORK - A bullish profit outlook from Ford Motor Co. sent stocks higher Friday as investors looked past a a disappointing report on consumer sentiment and new accounting problems at Qualcomm Inc...
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SAN DIEGO -- Qualcomm Inc. boosted its earnings guidance for the first quarter and sees revenue at the high end of its prior estimate based on higher shipments of MSM phone chips.
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Texas Instruments Inc. TXN.N, the  world's largest maker of chips for cell phones, on Tuesday said  it expects fourth-quarter revenue and earnings per share at the  mid range of its previous estimates, as order trends remain  soft.
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Stocks rose on Thursday, after government leaders agreed on a plan for tax rebates to stimulate the U.S. economy and a healthy outlook from cell- phone chip maker Qualcomm helped drive the Nasdaq up sharply.
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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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U.S. phone company Qwest  Communications International Inc  on Tuesday reported an  89 percent rise in fourth-quarter profit, boosted by a benefit  related to income tax.
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Last night, Intel sharply raised its fourth-quarter outlook. The chipmaker says it now expects revenue of $9.3 billion to $9.5 billion, not the $8.6 billion to $9.2 billion it forecast in mid-October.
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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 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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Driven largely by gains in its wireless and data businesses, Verizon Communications&#39; revenue was up 5.5 percent year over year in the fourth quarter of 2007, and net income was up slightly.Verizon on Monday reported revenue of $23.8 billion for the fourth quarter, which ended Dec. 31, up from $22.6 billion in the fourth quarter of 2006. Verizon&#39;s net income rose from $1.03 billion to $1.07 billion this past quarter.Earnings per share was $0.37, or $0.62 before one-time items, matching consensus earnings expectations by analysts polled by Thomson Financial. However, analysts had expected revenue of nearly $24 billion for the quarter.Not counting one-time charges, operating income dropped 0.6 percent, to $3.4 billion. One-time items included severance packages for layoffs that will continue through 2008, and a spin-off of wireline access lines in parts of New England.Verizon reported &quot;strong growth in sales of all our strategic products,&quot; Verizon Chairman and CEO Ivan Seidenberg, said in a statement. &quot;We see significant opportunities to grow revenues and expand our leadership in wireless and broadband markets, while reducing operating expenses.&quot;Verizon&#39;s revenue for the year was $93.5 billion, up by $5.3 billion from 2006.Verizon focused on growth in a couple of key areas, including its wireless business.Verizon Wireless&#39; customer numbers increased 11.3 percent from the fourth quarter of 2006, to a total 65.7 million, the company said. Wireless revenue for the quarter was $11.4 billion, up 13.3 percent from a year ago. Verizon Wireless added 2 million customers during the quarter.Wireless data revenue was particularly strong, said Doreen Tobin, Venison&#39;s chief financial officer. Wireless data revenue grew by 65 percent in 2007, she said during a conference call.&quot;We see enormous potential for growth in wireless data for years to come,&quot; she said.Total wireless revenue grew 15.3 percent in 2007, to $43.9 billion for the whole year. &quot;We have a proven business model,&quot; Tobin said. &quot;These results are further evidence of great execution, sustainable growth, and strong cash generation.&quot;In Verizon&#39;s data business, the company added 245,000 Fios fiber-based Internet customers, and 226,000 Fios television customers. The company added a total of 264,000 broadband customers in the quarter, including Fios and DSL (digital subscriber lines). Data revenue increased 12.8 percent to $4.8 billion.Some of those gains were partially offset by a 1.4 percent decrease in overall wireline revenue. Wireline revenue was $12.5 billion for the quarter, which includes the data revenue.Verizon had a &quot;very good year,&quot; but it faces some challenges in 2008, said Jeff Kagan, an independent telecom analyst.&quot;This year will be a little tougher with trouble in the housing market and debates about a coming recession, but so far, so good for Verizon,&quot; Kagan wrote in an e-mail. &quot;The telecom industry continues its strong growth, and cable television competitors have signaled price increases again, but at some point soon brisk competition will break out between the cable television companies and the telephone companies.&quot;The competitive action has started in many markets, but will spread dramatically this year,&quot; Kagan added. &quot;This will be an exciting year to keep our eyes on.&quot;Verizon has not yet seen slumping sales due to fears of a recession in 2008, Tobin said.
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AT&T Inc  on Thursday posted  stronger-than-expected wireless growth in the fourth quarter  and reiterated its 2008 outlook, easing investor concerns that  U.S. economic weakness would hurt its profit.