SAN DIEGO-Qualcomm Inc. said it expects its revenue and earnings per share for the fourth fiscal quarter and fiscal 2003 will achieve the high end of its prior guidance.
In July, Qualcomm said it expected its fourth-quarter revenues to edge up between 2 percent and 6 percent year on year and total revenues for fiscal 2003 to jump 30 percent to 31 percent over the previous year. This included the Qualcomm Strategic initiatives segment, which it estimated to suffer a loss of 8 cents per share compared with 23 cents per share a year earlier.
“We’re approaching the end of a strong growth year for CDMA and Qualcomm,” said Irwin Jacobs, chairman and chief executive officer at Qualcomm. “Steady progress in the deployment and use of 3G CDMA networks is continuing around the world.”
The company also announced two chipsets, the MSM6150 and MSM6550, which support high processing speeds for multimedia applications like video, graphics and gaming.
“Both the MSM6150 and MSM 6550 single-chip solutions enable handset manufacturers to provide an enhanced multimedia experience without the handset design complexities and manufacturing expenses typically associated with adding dedicated multimedia chips,” said the company.
