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Mindy

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Mindy

Re: None

Wednesday, 05/12/2004 7:50:44 AM

Wednesday, May 12, 2004 7:50:44 AM

Post# of 24709
Qualcomm raises third-quarter targets-REUTER's
Wednesday May 12, 7:45 am ET

http://biz.yahoo.com/rc/040512/tech_qualcomm_outlook_1.html

NEW YORK, May 12 (Reuters) - Wireless technology company Qualcomm Inc. (NasdaqNM:QCOM - News) said Wednesday it raised its third-quarter targets due to greater-than-expected licensing royalties and stronger-than-expected demand for its advanced cell phone chips.
The San Diego, California, company forecast third-quarter profit would be 51 to 53 cents per share, excluding its investment arm, up 55 to 61 percent from a year earlier. Its earlier forecast had been 48 to 50 cents a share.

It expects revenue to rise 44 to 46 percent over a year earlier, excluding the results of its investment arm. Its earlier projection had been for an increase of 41 to 44 percent


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