Earnings: Despite Legal Problems, Qualcomm Posts Higher Q2 Profits, Revs

Crediting demand that led to the shipping of 65 million CDMA chipsets during the quarter, Qualcomm (Nasdaq: QCOM) posted higher income for Q2 of $798 million, up 24 percent year-over-year and 10 percent sequentially. The company took in $2.33 billion in revenue, a 19 percent gain over last year and 5 percent over Q107. The San Diego-based company has been joined by other cell phone makers and wireless carriers in an attempt to overturn the June 7 ban on Qualcomm phones by U.S. International Trade Commission last month after the product’s chips were found to infringe upon a Broadcom patent. Qualcomm is also engaged in other legal disputes with Nokia, including litigation over what Qualcomm says is Nokia

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