QUALCOMM Reports Record Third Quarter

July 26, 2007
Financial results couldn't be better for telecommunications giant QUALCOMM, as the company reported record third-quarter fiscal 2007 results. Revenue was reported at $2.33 billion, up 19 percent from the previous fiscal year, while net income was ...

Financial results couldn't be better for telecommunications giant QUALCOMM, as the company reported record third-quarter fiscal 2007 results. Revenue was reported at $2.33 billion, up 19 percent from the previous fiscal year, while net income was reported at $798 million, which was 24 percent higher than the previous year. QUALCOMM's cash, cash equivalents, and marketable securities totalled approximately $12.3 billion at the end of the third quarter for fiscal 2007, compared to $11.3 billion at the end of the second quarter for fiscal 2007 and $9.5 billion a year ago. According to Dr. Paul E. Jacobs, the company's Chief Executive Officer (CEO), "We had another tremendous quarter, providing market validation for the innovative products and solutions delivered by our employees and partners worldwide. The fundamental drivers of our business remain very strong. Our record revenue and earnings this quarter reflect continued worldwide demand for innovative third-generation devices and services." In the third quarter alone, the company shipped a record 65 million CDMA-based MSM(tm) chipsets for third- generation cellular handsets.

QUALCOMM (www.qualcomm.com)

About the Author

Jack Browne | Technical Contributor

Jack Browne, Technical Contributor, has worked in technical publishing for over 30 years. He managed the content and production of three technical journals while at the American Institute of Physics, including Medical Physics and the Journal of Vacuum Science & Technology. He has been a Publisher and Editor for Penton Media, started the firm’s Wireless Symposium & Exhibition trade show in 1993, and currently serves as Technical Contributor for that company's Microwaves & RF magazine. Browne, who holds a BS in Mathematics from City College of New York and BA degrees in English and Philosophy from Fordham University, is a member of the IEEE.

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