Qualcomm Sees Growth Accelerate

Handset chip supplier Qualcomm said it expects its revenues in the quarter ending December 26th to rise between 14% and 25% year-on-year to between 3.05 billion and 3.35 billion US dollars. It also forecast that its revenues in the year ending September 26th, 2011 will climb to between 12.4 billion and 13 billion dollars compared with 10.98 billion dollars in the prior year.

Qualcomm's revenues in the quarter ending September 26th grew 10% year-on-year to 2.95 billion US dollars as its MSM (mobile station modem) shipments climbed 22% to 111 million. source: Qualcomm presentation