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Qualcomm takes large charge, cuts '09 rev target - Reuters

Qualcomm takes large charge, cuts '09 rev target - Reuters

Qualcomm takes large charge, cuts '09 rev target
Reuters - 1 hour ago
By Sinead Carew NEW YORK (Reuters) - Qualcomm Inc (QCOM.O) posted a lower quarterly net profit that was halved by a charge for investment losses and cut its full year revenue target on weak demand for cell phone chips, sending shares down 6 percent.
Sharp losses to investment portfolio outweigh revenue growth MarketWatch
Qualcomm Posts Lower Profit, Cuts Revenue Forecast PC World
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