Qualcomm reported its Q3 numbers today, and it posted a 14 percent increase in profit, buoyed by royalty payments and strong sales of its chips. It earned $614 million during Q3, up from $538 million in the same period last year. Revenues jumped 28 percent to $2 billion from $1.56 billion last year.
From the conference call transcript: On its MediaFlo mobile TV service, the company said it was “very pleased with the unanimous FCC ruling released in response to a petition for a declaratory ruling filed by Qualcomm in January of 2005. This ruling greatly expands the number of markets in which MediaFLO USA can operate prior to the digital TV transition date of February 17, 2009.
For the Q&A with analysts in the call, Qcom management got hammered on questions about the litigation and negotiations with Nokia. CEO Paul Jacobs ended with this: “You know, there were obviously a few companies that decided to attack us and certainly have attempted to flood the market with a lot of misinformation. I guess I had hoped that we would have built a stronger working relationship with some of those companies, and I still remain hopeful that that will happen in the future.”
As WSJ explains here, Nokia is a major Qualcomm licensee, but has been locked in contentious negotiations over the renewal of a contract that is set to expire next April. The two companies have also sued each other; Qualcomm has raised patent-infringement claims, while Nokia has joined other companies in pressing European regulators to start an antitrust investigation of Qualcomm.
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