Design World

  • Home
  • Technologies
    • 3D CAD
    • Electronics • electrical
    • Fastening & Joining
    • Factory automation
    • Linear Motion
    • Motion Control
    • Test & Measurement
    • Sensors
    • Fluid power
  • Learn
    • Ebooks / Tech Tips
    • Engineering Week
    • Future of Design Engineering
    • MC² Motion Control Classrooms
    • Podcasts
    • Videos
    • Webinars
  • LEAP AWARDS
  • Leadership
    • 2022 Voting
    • 2021 Winners
  • Design Guide Library
  • Resources
    • 3D Cad Models
      • PARTsolutions
      • TraceParts
    • Digital Issues
      • Design World
      • EE World
    • Women in Engineering
  • Supplier Listings

Qualcomm Profits in First Quarter

By atesmeh | January 24, 2008

Share

Wireless components giant Qualcomm significantly increased its revenue and income for the first fiscal quarter of 2008, officials said yesterday.

Income for the San Diego company’s quarter which ended Dec. 30, 2007, was $767 million on revenue of $2.44 billion, compared to $648 million from $2.02 billion in the first quarter of 2007. Earnings per share jumped to $0.46 from $0.38, and the company now has $11.3 billion in cash and assets.

“We are pleased to report another strong quarter as the demand for CDMA-based devices, applications and services continues to accelerate around the world,” CEO Paul Jacobs said in a prepared statement. “Our results reflect another record quarter of chipset shipments and a 21% year-over-year growth in both revenues and pro forma earnings per share. The fundamental drivers of our business remain strong,” he said.

The positive results came despite Qualcomm’s legal issues. A federal judge ordered Qualcomm to cease sales of 3G wireless chips infringing on patents owned by rival Broadcom. The decision occurred early this month, three days after the first quarter closed, but various interim decisions and motions have been in the news since 2005.

Meanwhile, Nokia filed technology licensing charges against Qualcomm. A trial could occur soon in the United States but the charges were tossed by courts in Germany and The Netherlands.

Qualcomm this month also announced an executive shake-up after losing money on its investment in MediaFlo, a mobile TV service, with the biggest move being the promotion of business development specialist Jeff Jacobs to the role of CMO. Jacobs is the son of company founder Irwin Jacobs and the brother of current CEO Paul Jacobs.

Two acquisitions occurred in the quarter. Qualcomm picked up Firethorn Holdings, in the mobile banking niche, for $210 million, and SoftMax, which makes noise reduction technology, for an undisclosed amount.


Filed Under: Infrastructure

 

Related Articles Read More >

Do Sensors Make Infrastructure Safer?
Crawling Robots and Flying Drones May Help Missouri’s Bridges
Viasat and Facebook Collaborate to Expand Internet Connectivity in Rural Mexico
Smartphone-Based System to Monitor America’s Crumbling Infrastructure

DESIGN GUIDE LIBRARY

“motion

Enews Sign Up

Motion Control Classroom

Design World Digital Edition

cover

Browse the most current issue of Design World and back issues in an easy to use high quality format. Clip, share and download with the leading design engineering magazine today.

EDABoard the Forum for Electronics

Top global problem solving EE forum covering Microcontrollers, DSP, Networking, Analog and Digital Design, RF, Power Electronics, PCB Routing and much more

EDABoard: Forum for electronics

Sponsored Content

  • Global supply needs drive increased manufacturing footprint development
  • How to Increase Rotational Capacity for a Retaining Ring
  • Cordis high resolution electronic proportional pressure controls
  • WAGO’s custom designed interface wiring system making industrial applications easier
  • 10 Reasons to Specify Valve Manifolds
  • Case study: How a 3D-printed tool saved thousands of hours and dollars

Design World Podcasts

May 17, 2022
Another view on additive and the aerospace industry
See More >
Engineering Exchange

The Engineering Exchange is a global educational networking community for engineers.

Connect, share, and learn today »

Design World
  • Advertising
  • About us
  • Contact
  • Manage your Design World Subscription
  • Subscribe
  • Design World Digital Network
  • Engineering White Papers
  • LEAP AWARDS

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search Design World

  • Home
  • Technologies
    • 3D CAD
    • Electronics • electrical
    • Fastening & Joining
    • Factory automation
    • Linear Motion
    • Motion Control
    • Test & Measurement
    • Sensors
    • Fluid power
  • Learn
    • Ebooks / Tech Tips
    • Engineering Week
    • Future of Design Engineering
    • MC² Motion Control Classrooms
    • Podcasts
    • Videos
    • Webinars
  • LEAP AWARDS
  • Leadership
    • 2022 Voting
    • 2021 Winners
  • Design Guide Library
  • Resources
    • 3D Cad Models
      • PARTsolutions
      • TraceParts
    • Digital Issues
      • Design World
      • EE World
    • Women in Engineering
  • Supplier Listings