SAN DIEGO—Qualcomm Inc. reiterated its outlook for the third quarter and the rest of 2002 on the assumption of improved sales for its chipset.
The company said it expects its third-quarter pro forma revenue to increase by about 3 to 6 percent compared with the previous quarter. Qualcomm expects revenue growth for fiscal 2002 to be between 4 to 6 percent and pro forma earnings per share to be between 90 cents and 95 cents.
“We believe that the strong demand for our cdma2000 1x chips supports the strong acceptance of 3G CDMA, and that excitement is fueled by innovative, color devices with rich multimedia and position location capabilities and BREW-enabled applications,” said Irwin Jacobs, chairman and chief executive officer of the company.
