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Stock jumps as Qualcomm marks another big quarter: Cymer, Cohu see increase; AMCC flat.

Publication: San Diego Business Journal
Publication Date: 26-APR-04
Format: Online
Delivery: Immediate Online Access
Full Article Title: Stock jumps as Qualcomm marks another big quarter: Cymer, Cohu see increase; AMCC flat.(Earnings)

Article Excerpt
Vigorous sales and demand for its proprietary telecommunications technology sent Qualcomm Inc.'s profit to $488 million in the quarter ended March 28.

The figure was nearly five times higher than it was in the year-ago quarter--though investments made that jump even more impressive. A money-losing investment in a Brazilian telecom carrier sapped year-ago results.

Qualcomm's year-ago income, excluding investment portfolio losses, was $314 million. With investment losses, net income was $103 million. Net income for the current quarter, excluding the investment arm, was $442 million.

Revenue in the just-completed quarter was $1.2 billion, up from $1.02 billion in the same quarter...

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