CDMA pioneer Qualcomm Inc. announced increased third-quarter and full-year expectations due to higher sales of its chipsets and technology products, along with higher W-CDMA royalties, but investors sent the company’s stock down slightly to $62.83 per share.
Qualcomm said it expects to report a third-quarter revenues increase of between 44 percent and 46 percent year over year. The company said its total earnings per share will be between 49 cents and 51 cents. For the full year, the company said it expects revenues will grow by about 28 percent to 30 percent year over year, and its earnings per share will be between $1.93 and $1.98.
For next year, Qualcomm said it expects the CDMA phone market to grow to 195 million to 215 million units, compared with sales this year of 152 million to 160 million units. The company said it expects 45 million W-CDMA unit shipments next year.
Separately, Qualcomm released its new radioOne Zero Intermediate Frequency product for CDMA2000 1x and 1x EV-DO networks, which the company said provides a dedicated RF solution that allows wireless manufacturers to optimize their handset designs for high-band market requirements. The company also introduced its new CMix product, which Qualcomm said supports messages combined with pictures, sound and animations.
