Qualcomm Profits Cut In Half
Qualcomm announced that <a
href=http://www.wirelessweek.com/index.asp?layout=story&doc
_id=83095&verticalID=34&vertical=Business+and+Finance&indus
try=Financials”>profits for their last fiscal quarter were
half those for the same period last year. In addition
to lower chip sales and licensing fees, the company claims
that the year-ago profits were unusually high. Qualcomm
plans to post better results this quarter but changes in
South Korea could pose a challenge. South Korea, a leading
user of Qualcomm’s CDMA technology, recently banned mobile
phone subsidies. Therefore consumers may delay upgrading
to more expensive 3G handsets due out later this year.
