With a sunny fourth-quarter result, Qualcomm Inc. reaffirmed its place in the wireless world and the traction of its CDMA technology.
The company announced a net income of $291 million, an increase of 53 percent over the same period last year. It guaranteed earnings per share of 35 cents, a 52-percent jump from the year-ago period.
Its revenues rose 4 percent to $909 million for the quarter compared with the same period a year ago.
For the year, its revenue was $4 billion, a 31-percent increase over fiscal-year 2002.
“The employees of Qualcomm have delivered an outstanding year of exceptional performance both in financial results and in advancing wireless services and their usefulness to consumers and businesses around the world,” remarked Irwin Jacobs, chairman and chief executive officer of Qualcomm.
The company expects its performance in the first quarter of next year to be optimistic, with increased revenues of between 14 percent and 20 percent, although year over year, it anticipates a 1 percent to 5 percent decline.
The CDMA proprietor said 13 global manufacturers have selected its integrated chipsets and system software for UMTS handsets and networks, the MSM 6200 and the MSM6250. The global manufacturers using Qualcomm’s products span places such as China, Europe, Japan, South Korea, Taiwan and the United States.
Qualcomm also has launched its radioOne zero intermediate frequency solution for CDMA2000 1x in the 450 MHz band. The focus of the product includes emerging markets in Europe, including Russia. The solutions include RFR6175 and RFT6170.
