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More on Qualcomm's FQ2: Baseband chip shipments rose 29% Y/Y to 152M, but company expects only...

  • Wednesday, April 18, 2012, 4:19 PM ET
    More on Qualcomm's FQ2: Baseband chip shipments rose 29% Y/Y to 152M, but company expects only 144M-152M in FQ3 (could share loss be an issue?). Collected royalties on 239M-243M devices at an average price of $211-$217 ($212-$218 in FQ1). This leads Qualcomm to hike its FY12 ASP guidance to $207-$217 from $204-$216. R&D expenses rose 30% Y/Y to $824M. Ended FQ2 with $26.6B in cash and investments ($22B prior). QCOM -6.6% AH. (PR) (CC webcast)
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This news story has 5 comments:

  •  
    These are solid numbers. Qcom guides low and beats. I dont know why the stock is down 6%. typical over reaction.
    18 Apr 2012, 05:35 PM Reply Like
  •  
    Typical QCOM conservative guidance. Seasonal quarter that is normal for companies in this kind of business and the next two quarters are seasonally much strongr. Notice that QCOM's year end guidance remains very strong. Long term "investors will be buying on this news and the "traders" will do whatever......nothing changes with the short term players.
    18 Apr 2012, 05:57 PM Reply Like
  •  
    Are these Chips used in Apple products ??
    18 Apr 2012, 06:26 PM Reply Like
  •  
    Yes, some of them are:
    http://seekingalpha.co...
    18 Apr 2012, 06:31 PM Reply Like
  •  
    QCOM supply 24% of the mobile semiconductor market.

    http://seekingalpha.co...

    More details in that article on components supplied by Qualcomm and other companies.
    13 Jul 2012, 03:05 PM Reply Like
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