Qualcomm Lifted by 3G Shipments

Last week, Qualcomm, the wireless chip maker, said it expects its revenue in the quarter ending June 28 to fall between 2% and 9% to between 2.5 billion and 2.7 billion US dollars.  But for the year ending September 27, Qualcomm now expects its revenue to rise between 0% and 6% to between 10.4 billion and 11 billion dollars.

In the quarter ending March 28, Qualcomm said its revenues were 2.66 billion dollars, up 8% year-on-year, "driven by healthy 3G device shipments and greater than expected demand for our chipsets." Qualcomm said there are now more than 1 billion 3G subscribers worldwide. source: Qualcomm statement