Feeds

Qualcomm sees Q1 profit soar

But a well stuffed channel could clip its wings

  • alert
  • submit to reddit

Build a business case: developing custom apps

Wireless technology developer – and one-time handset maker – Qualcomm, has posted Q1 results that pipped analysts' expectations at the post. Turnover for the three months ended 26 December 1999 was up 19 per cent to £1.1 billion, from $941 million in the same period last year. Profit stood at $192 million, which equates to 25 cents per share – just ahead of the 24 cents per share that had been expected. This compares with $49 million – eight cents per share - for the last Q1. After unloading its handset division to Kyocera over the New Year, Qualcomm will be focusing on CMDA development, a market expected to balloon with the take-up of next-generation mobile devices. Shipments could suffer in Q2 though, as company hinted that the phone channel is full to bursting with product. According to Reuters, the outlook for Q2 is likely to hit the 25 cent per share earnings mark predicted by analysts. ® See also: Kyocera buys Qualcomm Terrestrial

Boost IT visibility and business value

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.