Chipset sales declined 26 percent to 269 million, and operating margins dropped to 24 percent from 39 percent. Qualcomm shipped only 11 million chipsets in the quarter, down from 15 million in the preceding quarter and 13.5 million a year ago. This disappointing performance partially reflected continued weak demand in Korea.
More Quotes from Michael Ching:
I wasn't even informed that it was up today.Michael Ching
Management did outline several actions that they plan to take that should help return the company to more profitability. This will include several hundred million dollars in charges in the December quarter.
Michael Ching
With a new management team in place, the review process will likely lead to more conservative revenue growth, and therefore (earnings) performance, in the near term.
Michael Ching
We expect to maintain our estimates at 1.05 a share for 2000 and 1.43 for 2001, so Motorola remains the most attractively valued stock in our universe, at 23 times 2001 EPS estimates.
Michael Ching
The growth in Lucent's optical systems revenue has been the biggest disappointment.
Michael Ching
Readers Who Like This Quotation Also Like:
Based on Keywords: chipset, chipsets, qualcommWe don't attempt to have any theme for a number of the anthology, or to have any particular sequence. We just put in things that we like, and then we try to alternate the prose and the poetry.
James Laughlin
I will argue my points; I will have my opinions. But at the end of the day, it's the director's choice.
Amy Irving
People ask me a lot about the values I got from playing for the Cubs for so many years. The value I got out of it was patience. A lot of people these days are not very patient.
Ernie Banks