Feeds

Upbeat Qualcomm still minting it in

The barmy army marches on

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

Qualcomm lost its President and COO and shelved plans to spin off its chipset business this week, but the telecommunications industry's answer to Millwall FC, "No one likes us - we don't care", is in the kind of financial shape many would envy.

The company reported pre-tax earnings of $268m on pro forma revenues of $640 million, the latter down from $714 in the same period last year. Margins remain steady at a handsome 62 per cent. Qualcomm expects revenues to rise 10 per cent in the next quarter, and retains $2 billion cash and investments. Sales of CDMA chipsets remains Qualcomm's biggest money earner, followed by IP licensing which fell by 26 per cent from the previous quarter.

CEO Irwin M. Jacobs said that plans to spin off the chipset business - prompted by the need to protect Qualcomm IP from litigation - were no longer an imperative. Qualcomm has been signing rather than suing its way out of potential trouble, with cross-licensing deals such as this one.

A kinder, gentler Qualcomm? Gosh... we're not sure if we'd be able to handle that. Qualcomm investors are in a class of their own when it comes to their sour and vitriolic bromides to Vulture Central, making Rambus and AMD's investors look like the gentle pussycats they really are.

Much in the same way that aggressive football teams attract a super-aggressive hooligan following, Qualcomm's barmy army is truly in a class of its own. If Qualcomm renounces pugilism, where will its loyal headbangers go? ®

The Power of One Infographic

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.