BBC NEWS Americas Africa Europe Middle East South Asia Asia Pacific
BBCi NEWS   SPORT   WEATHER   WORLD SERVICE   A-Z INDEX     

BBC News World Edition
 You are in: Business  
News Front Page
Africa
Americas
Asia-Pacific
Europe
Middle East
South Asia
UK
Business
E-Commerce
Economy
Market Data
Entertainment
Science/Nature
Technology
Health
-------------
Talking Point
-------------
Country Profiles
In Depth
-------------
Programmes
-------------
BBC Sport
BBC Weather
SERVICES
-------------
EDITIONS
Friday, 8 November, 2002, 00:05 GMT
Qualcomm boasts of soaring sales
Japanese 3G phone
Qualcomm controls 3G standards for mobile phones
The US communications company Qualcomm has reported soaring sales during its most recent quarter.

The company's net income came in at $190m for the three months ending on 29 September, beating Wall Street estimates.


We're clearly pleased here

John Bucher
Gerard Klauer Mattison
This also compares with a loss of $75m in the same period last year.

Qualcomm is best known for developing Code Division Multiple Access (CDMA) technology, used in most US mobile phones.

The company also controls patents for CDMA2000 technology, which is a third-generation standard for mobile phones across the world.

Higher forecasts

In addition, the San Diego-based company raised estimates for its current quarter, after sales increased by 34% to $874m from $651m a year ago.

"We're clearly pleased here," said John Bucher, analyst with Gerard Klauer Mattison & Co. "This looks like a very bullish posting of their results."

Qualcomm has seen its sales dented by the telecom slump, but has still managed to outperform its peers.

For the full fiscal year, Qualcomm made profits of $360m on $3.04bn in revenue, compared with a loss of $578m in the previous year on turnover of $2.68bn.

The company is benefiting as wireless carriers use its wireless technology to build next-generation networks.

See also:

04 Nov 02 | Business
10 Oct 02 | Business
19 Aug 02 | Technology
26 Aug 02 | Business
10 Aug 02 | Technology
06 Aug 02 | Business
10 Jun 02 | Business
07 Jun 02 | Business
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.


E-mail this story to a friend

Links to more Business stories

© BBC ^^ Back to top

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East |
South Asia | UK | Business | Entertainment | Science/Nature |
Technology | Health | Talking Point | Country Profiles | In Depth |
Programmes