Monday, March 12, 2007

QUALCOMM Raises Guidance for Q2 2007

QUALCOMM raised its financial guidance for the second fiscal quarter ending April 1, 2007. The company now expects pro forma revenues to be approximately $2.1 to $2.2 billion, and second quarter pro forma diluted earnings per share to be approximately $0.48 to $0.49, compared to $0.41 in the year ago quarter.

"We are expecting a particularly successful quarter, reflecting strong growth in chipsets, handsets, and applications and services, enabled by mobile broadband capabilities deployed around the world by both CDMA2000 and WCDMA operators. Demand for our high-end, mid-tier and low-tier CDMA2000 chipsets, as well as WCDMA chipsets has accelerated," said Dr. Paul E. Jacobs, chief executive officer of QUALCOMM. "Reports from our licensees for December quarter handset shipments reflected greater than expected strength in Europe and North America. Despite this growth, we believe the CDMA inventory channel continues at a healthy level of less than 20 weeks."

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