Ina Fried

Recent Posts by Ina Fried

Qualcomm Posts Chipper Earnings, Raises 2012 Forecast

Chipmaker Qualcomm said Wednesday it is raising its forecast for the year following a record fourth quarter in which it took in $1.4 billion in profit on revenue of nearly $4.7 billion.

Its results, as well as the forecast for the coming quarter, were ahead of what many analysts were expecting.

“We are raising our revenue and earnings guidance as our broad licensing partnerships and extensive chipset roadmap, led by our integrated Snapdragon processors, position us well for strong growth in fiscal 2012,” CEO Paul Jacobs said in a statement.

The results contrast with those from rival Nvidia, which last week cut its forecast for the quarter, blaming a slowdown in shipments of its Tegra 2 mobile processor, as well as PC market sluggishness.

As for Qualcomm, I’ll be at the San Diego-based company on Thursday looking at some of their technology and meeting with executives.


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