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Smith Micro Software Inc. Message Board

  • mazurek2050 mazurek2050 Jan 31, 2013 6:15 AM Flag

    Anyone see this:

    San Diego-based Qualcomm is benefiting from strong demand for smartphones and a move by network operators around the world to a high-speed wireless technology known as long term evolution (LTE), where Qualcomm is ahead of rivals.

    "That trend is continuing to work in Qualcomm's favor. They're the only viable option for LTE right now," said MKM Partners analyst Daniel Berenbaum. "It's a very strong quarter and the guidance is very strong."

    In addition to revenues from chip sales, Qualcomm receives royalty payments from phone makers with technology license agreements with the company.

    "It looks like in the quarter, a little bit of the upside came from chipsets," said Berenbaum. "In the guidance, chipsets came in around expectations. It looks like royalties are the upside to guidance."

    Qualcomm raised its full-year revenue guidance to a range of $23.4 billion to $24.4 billion, from its previous target of $23 billion to $24 billion.

    It raised its earnings per share target to a range of $4.25 to $4.45 from a previous outlook of $4.12 to $4.32.

    Bernstein analyst Stacy Rasgon said the outlook was "massively conservative" compared with his estimate of actual growth prospects, but said the caution could make sense given the economic environment.

    For the fiscal first quarter ended December 30, Qualcomm posted a profit of $1.91 billion, or $1.09 per share, compared with a profit of $1.4 billion, or 81 cents per share, in the year-ago quarter.

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    • January 31, 2013
      06:37 EDT QCOM Qualcomm price target raised to $83 from $76 at Piper Jaffray

    • mazu the mental mango seems to suffer from the same lack of intelligence as potato head. If you want to post about QCOM, do so on the QCOM board, unless there is some link to SMSI Now what would be interesting is if the mental mango could find any information that would suggest QCOM is the chip supplier contracted with SMSI for the MBIM drivers.

      Maybe we will hear more about the deal with a chip manufacturer at the conference call on 13th February. We already know that Q4 revenues were about $12m - a 9% increase on Q3 and the new product lines have only just started to roll out. Thuis should be an excellent year for SMSI as the new product lines start to roll out in volume and new business models (e.g. revenue share) are introduced.

 
SMSI
1.10-0.03(-2.65%)11:36 AMEDT

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