Q3 NET PROFIT WAS 25 PER CENT DOWN, CELL CHIP BUSINESS WAS UNDER PRESSURE

ON 30 JULY, THE QCOM.US DISK DROPPED BY OVER 6 PER CENT, REACHING A MINIMUM OF $146. ACCORDING TO THE NEWS, THE THIRD FINANCIAL QUARTER OF GAO-CHUNG FELL FROM 4 PER CENT TO $9.95 BILLION IN THE SAME YEAR AND NET PROFITS FROM 25 TO $2 BILLION IN THE SAME YEAR. THE CORE PRESSURE CAME FROM A SHARP INCREASE OF ABOUT 300 PER CENT IN THE PRICE OF MEMORY CHIPS OVER THE SAME YEAR, WITH A SHARP DROP OF 20 PER CENT TO $5.1 BILLION IN CELL PHONE CHIPS. LOOKING AHEAD TO THE FOURTH FINANCIAL SEASON, THE COMPANY EXPECTS TO HAVE REVENUES OF BETWEEN $9.7 BILLION AND $10.5 BILLION, WITH ADJUSTED GAINS OF BETWEEN $205 AND $2.25 PER SHARE, WHICH IS BELOW THE EXPECTED $2.36 TO $2.38 FOR ANALYSTS。