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Revenues in the quarter fell 19% year-over-year to $2.69 billion, and came in short of consensus estimates of $2.72 billion. Qualcomm said it sees fiscal Q1 EPS of $0.54 - $0.58 (vs. consensus estimates of $0.56) on revenues of $2.55 billion - $2.75 billion (vs. consensus estimates of $2.84 billion). The company said it sees fiscal 2010 EPS of $2.10 - $2.30 (vs. consensus estimates of $2.32) on revenues of $10.5 billion - $11.3 billion. Dr. Paul E. Jacobs, chairman and CEO of Qualcomm said, "We continue to forecast growth for 3G CDMA in 2009, despite industry forecasts of a decline in the total handset market. We anticipate accelerated CDMA device growth in calendar year 2010 as the global migration to 3G continues. Our broad chipset portfolio continues to expand, including additional low-cost single-chip solutions to further enable the 3G migration as well as increased investments in software and application processors to strengthen our leadership position in supporting higher-end, feature-rich devices. We remain well positioned to drive innovation given our strong balance sheet and operating cash flow while maintaining our focus on overall operating expenses." Write to Chip Brian at cbrian@tradethetrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com. Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html For full details on Qualcomm Inc (QCOM) click here. Qualcomm Inc (QCOM) has Short Term PowerRatings of 5. Details on Qualcomm Inc (QCOM) Short Term PowerRatings is available at This Link.
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