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Qualcomm lowers outlook on order woes, competition in China

2015-01-29 09:16:00| Telecompaper Headlines

(Telecompaper) Qualcomm said revenues for its fiscal first quarter to 28 December rose 7 percent from the year earlier to USD 7.1 billion, with the operating profit jumping 38 percent to USD 2.1 billion, the net profit going 7 percent higher to USD 2.0 billion and diluted earnings per share lifting 7 percent to USD 1.17. The operating cash flow was down 15 percent to USD 2.1 billion, and at the end of the quarter, the company had cash of USD 31.6 billion. MSM chip shipments rose 27 percent to 270 million units, while total reported device sales slipped 8 percent to USD 56.4 billion. CEO Steve Mollenkopf said that despite the strong quarter, the company was lowering its revenue outlook for the semiconductor business for the first half and its EPS forecast. The changes reflect the company's revised expectations related to OEM mix, sales to a large customer and heightened competition in China. Mollenkopf added that Qualcomm resolved its dispute with a licensee in China and that the country continued to present significant opportunities, particularly with the rollout of 3G/4G multimode. Nevertheless, the company is still the subject of an investigation by the China National Development and Reform Commission and Qualcomm continues to believe that certain licensees in China are not fully complying with their contractual obligations.

Tags: order china competition outlook

 

Santa Barbara Teen Star Singing Competition Selects 10 Finalists

2015-01-28 07:51:07| Footwear - Topix.net

The top 10 finalists have been announced for this year's Teen Star singing competition, which will be held Feb. 21 at the Granada Theatre . Teen Star held auditions at Deckers Outdoor's facility in Goleta and Pioneer Valley High School in Santa Maria to evaluate talent from throughout Santa Barbara County.

Tags: star santa competition teen

 
 

PCF announces 2015 high school flexo competition

2015-01-28 06:00:00| Label and Narrow Web Breaking News

The event will be held March 18-20 at Central Piedmont Community College in Charlotte, North Carolina.

Tags: high school high school competition

 

SPE extends nomination deadline for global parts competition.

2015-01-26 14:31:29| Industrial Newsroom - All News for Today

Nomination deadline has been extended for second annual Plastics for Life™ global parts competition. Because eligible parts must previously have won a category or a competition at an SPE TOPCON topical conference or Minicon mini-conference held during last 12 months, extending deadline from January 30 to February 13, 2015 allows teams of winning parts from SPE conferences that fall early in 2015 to enter this year's competition rather than wait until 2016.

Tags: global parts competition extends

 

Why Google Inc (GOOGL) Is Getting Into Wireless Service Offering Despite Significant Competition?

2015-01-25 15:12:09| IT Services - Topix.net

Some reports suggest that Google Inc is getting into wireless service business. Google Inc is well known for venturing into business of completely different nature.

Tags: service google significant wireless

 

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