Posted on 20 April 2011
Qualcomm (QCOM) this evening reported fiscal Q2 revenue and EPS ahead of estimates, raised its full-year view, and offered a Q3 view ahead of estimates.
Q2 revenue came in at $3.87 billion, yielding EPS of 86 cents. Analysts had been expecting revenue of $3.62 billion and EPS of 80 cents.
For fiscal Q3, the company sees 68 cents to 72 cents EPS on revenue of $3.35 billion to $3.65 billion. Analysts have been estimating revenue of $3.39 billion and EPS of 69 cents. Qualcomm said it expects shipments of its “mobile station modems” to rise 12% to 16% from the prior year’s Q3, to 115 million to 119 million units.
For the year, the company now sees revenue of $14.1 billion to $14.7 billion, versus a prior $13.6 billion to $14.2 billion range, and ahead of the average $13.93 billion estimate. EPS is expected in a range of $3.05 to $3.13, versus a prior $2.91 to $3.05 range, and the average $3.04 estimate.
Part of the increase for the fiscal year is an expected rise in average selling prices: Qualcomm now sees ASPs in a range of $199 to $209, versus a prior estimate of $190 to $200, and ahead of the year-earlier quarter’s range of $183 to $189.
Qualcomm shares are up $2.38, or 4%, at $57.65 in late trading.
Article courtesy of Tech Trader Daily
Posted on 01 June 2010
Intel is applying pressure to the cell phone chip makers as it barges into the market with its Atom microprocessors. In response, Qualcomm is announcing today it has created its first dual-core Snapdragon chip set for smartphones.
Announced at the Computex 2010 trade show in Taiwan, the third generation Snapdragon chip sets has two application processor cores running at up to 1.2 gigahertz. The names for the new Snapdragon chip sets are the Mobile Station Modem MSM8260 and the MSM8660. They’re targeted at high-end smartphones, tablets and smartbooks, which are hybrids of phones and laptops. Smartbooks have displays ranging from 7-inches diagonal to 15 inches.
These devices include a graphics core capable of running OPEN GL ES 2.0 graphics as well has high-definition 1080p video. At the same time, they don’t use a ton of power so they can be built into small devices with long battery lives. These chips will go head to head against rival chips from Broadcom, Intel, Nvidia, Marvell and Texas Instruments.Qualcomm says it Snapdragon chip sets are being used in more than 140 different device designs that have either already launched or are currently under design.
Among the devices using Snapdragon chip sets are Acer’s Liquid and neoTouch smartphones, Dell’s Streak 5 Android tablet (pictured), HP’s Compaq Airlife 100 smartbook, HTC’s Droid Incredible and Nexus One smartphones, Huawei’s S7 tablet, and Lenovo’s LePhone smartphone.
Companies: Intel, Qualcomm
Article courtesy of VentureBeat » Deals & More