Wednesday, July 25, 2007

UPDATE 3-Qualcomm posts higher profit, raises outlook

(Reuters) - NEW YORK, July 25 - Qualcomm Inc posted
a quarterly profit that rose 24 percent on Wednesday, handily
beating Wall Street estimates on strong demand for high-end
mobile phones using its chips and technology licenses.




Its shares rose as much as 3.5 percent in after hours trade
after the company also raised its full-year earnings and
revenue outlook on rising average phone prices.


Read more at Reuters.com Market News

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