Qualcomm raises outlook; stock down on competition
Post# of 28526
Posted On: 04/24/2013 5:45:06 PM
Qualcomm raises outlook; stock down on competition worries
By Noel Randewich SAN FRANCISCO (Reuters) - Leading cellphone chipmaker Qualcomm forecast earnings below expectations on Wednesday as competition in the smartphone market intensifies, sending its stock sharply lower. San Diego-based Qualcomm is benefiting from strong demand for smartphones and a shift by network operators worldwide to a high-speed wireless technology known as long-term evolution (LTE), where the chipmaker is ahead of rivals. ...
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