Qualcomm (QCOM) is now down 3.6% AH, paring losses after stating on its FQ2 earnings call...

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

Qualcomm (QCOM) is now down 3.6% AH, paring losses after stating on its FQ2 earnings call (webcast) its soft FQ3 chip guidance was the result of supply constraints for 28nm chips such as the MSM8960, albeit while admitting some customers are turning to rival chips to address the issue. Qualcomm also said it expects its FY12 royalty rate to be at the low end of a 3.4%-3.5% guidance range (perhaps due to Samsung's lower rate).