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

|About: Qualcomm Inc. (QCOM)|By:, SA News Editor

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)