3GScottishUser
21st April 2005, 11:00 AM
From The Financial Times/The Street (21/04/2005):
A slower pace of growth in the adoption of third-generation mobile telephony prompted Qualcomm to cut its revenue and earnings guidance for 2005.
Although the US semiconductor company beat earnings expectations for the three months to March, investors focused on the weaker than expected outlook. Qualcomm shares fell $1.81 to $31.40 after the announcement, which came after the close of trading in New York.
http://news.ft.com/cms/s/f90b6ba4-b203-11d9-8c61-00000e2511c8.html
For its part, Qualcomm cited a slowdown in the rollout of so-called third-generation wireless networks for its weak outlook.
"Our revised guidance, as compared to our prior fiscal year 2005 guidance, reflects a lower acceleration of WCDMA handset sales as operators optimize their WCDMA networks, anticipate future lower-priced handsets, and work to identify successful pricing and marketing strategies for new wireless voice and data services," the company said. "We are reducing our calendar 2005 handset estimate by approximately 5% due to a slower WCDMA ramp-up in Western Europe and anticipated channel inventory adjustments in CDMA2000, notably for Latin America and Southeast Asia. However, we expect increasing market share for our WCDMA chipsets."
http://www.thestreet.com/_googlen/tech/scottmoritz/10218792.html?cm_ven=GOOGLEN&cm_cat=FREE&cm_ite=NA
A slower pace of growth in the adoption of third-generation mobile telephony prompted Qualcomm to cut its revenue and earnings guidance for 2005.
Although the US semiconductor company beat earnings expectations for the three months to March, investors focused on the weaker than expected outlook. Qualcomm shares fell $1.81 to $31.40 after the announcement, which came after the close of trading in New York.
http://news.ft.com/cms/s/f90b6ba4-b203-11d9-8c61-00000e2511c8.html
For its part, Qualcomm cited a slowdown in the rollout of so-called third-generation wireless networks for its weak outlook.
"Our revised guidance, as compared to our prior fiscal year 2005 guidance, reflects a lower acceleration of WCDMA handset sales as operators optimize their WCDMA networks, anticipate future lower-priced handsets, and work to identify successful pricing and marketing strategies for new wireless voice and data services," the company said. "We are reducing our calendar 2005 handset estimate by approximately 5% due to a slower WCDMA ramp-up in Western Europe and anticipated channel inventory adjustments in CDMA2000, notably for Latin America and Southeast Asia. However, we expect increasing market share for our WCDMA chipsets."
http://www.thestreet.com/_googlen/tech/scottmoritz/10218792.html?cm_ven=GOOGLEN&cm_cat=FREE&cm_ite=NA