Qualcomm on Tuesday offered a bullish outlook for its second quarter, saying revenue will trend toward the higher side of the chip maker's previous guidance. "It appears there's still plenty of growth left in 3G despite investor skepticism. Qualcomm pointed to better days," said RBC Capital analyst Mark Sue. Qualcomm also began offering details on its impending femtocell chipset, saying it will support GSM and 3G CDMA technologies such as HSPA+.

Related Summaries