Feeds

Buoyant Qualcomm proves R&D pays

Billion dollar quarter

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

Qualcomm turned in profits of $352 million on turnover of $1.2 billion in the last quarter, citing higher than expected demand for its CDMA phone chipsets. Profits are up 13 per cent year on year, despite Qualcomm increasing R&D investment by a third.

Qualcomm produces CDMA chipsets for the US and Korean markets, and WCDMA 3G for the rest of the world. But Qualcomm also gets a revenue slice from rival WCDMA manufacturers, and licensing revenue was up $111 million, or 38 per cent, year on year. Qualcomm licensees sold 31 million handsets in the past quarter.

Contrary to some expectations, the arrival of real competition for its CDMA business from Nokia/Texas Instruments has seen the market boom and driven margins higher: Qualcomm cited "higher than expected average selling prices" in its press release.

In the SEC filing, Qualcomm says it doesn't expect this trend to last. It reckons 138-146 million CDMA phones to ship this year, and while the average selling price remained constant last year, it expects a seven per cent drop in 2004.

With a warchest of $1.7 billion in cash and $2 billion stock, Qualcomm has enviable resources to fuel further R&D investment. ®

Related Stories

TI counter-sues Qualcomm
Qualcomm lawyers defy Nokia's rabbit cull
TI, Nokia gang up on Qualcomm
GSM heads for 50pc of US phones
GSM rebrands 3G service but claims victory over CDMA prematurely
China sees export potential in home grown 3G

Providing a secure and efficient Helpdesk

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
'Serious flaws in the Vertigan report' says broadband boffin
Report 'fails reality test' , is 'simply wrong' and offers ''convenient' justification for FTTN says Rod Tucker
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.