Qualcomm Raises Guidance

Wireless chip maker Qualcomm said that it now expects its revenue for the fiscal year ending September 28 to be between 10.25 and 10.45 billion US dollars down between 6% and 8% on the previous year. In the quarter ending June 28, Qualcomm's revenues were down less than 1% year-on-year at 2.75 billion US dollars thanks to a "robust" migration to 3G products and services worldwide despite the economic downturn. source: Qualcomm statement