Qualcomm Expects Return to Growth

Citing healthy growth in sales of CDMA-based devices, wireless chip maker Qualcomm said it now expects its revenues to be between 2.67 billion and 2.93 US billion dollars in the quarter ending September 27th, which would amount to a year-on-year rise of up to 9% on a like-for-like basis - better than the company had forecast earlier. In the quarter ending June 27th, Qualcomm's revenues fell 2% year-on-year to 2.71 billion dollars. source: Qualcomm statement