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Qualcomm hikes dividend during good quarter: tech: local companies also post strong earnings.

Publication: San Diego Business Journal
Publication Date: 28-JUL-03
Format: Online
Delivery: Immediate Online Access
Full Article Title: Qualcomm hikes dividend during good quarter: tech: local companies also post strong earnings.(Qualcomm Inc.)

Article Excerpt
Tech powerhouse Qualcomm Inc. reported another good quarter last week in the wake of news that the company's quarterly dividend grew from 5 cents to 7 cents.

"The China and India markets are gaining momentum ...," said Chairman and CEO Irwin M. Jacobs in a statement released with earnings.

The company reported $191.7 million in net income, or 23 cents per diluted share, on revenue of $921 million during the quarter ended June 29.

That compares to a net loss of $13.8 million, or 2 cents per diluted share, on revenue of $770.9 million in the same quarter of 2002.

The company reported $239 million in revenue from licensing and royalty fees in the just-completed quarter. Qualcomm has extensive patents on Code Division Multiple...

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